ROMANIA FX 5.125% SEP31 EUR
XS2908644615
MINISTERUL FINANȚELORForeign governmentHi-MTF · MOT
- Last price
- 100.12
- as of 16/10/2026
- Gross yield
- 5.09%
- Net yield
- 4.46%
- Maturity
- 24/09/2031
- 4y 11m
Simulation for information and education only, computed automatically from the values entered. It is not financial advice, nor a recommendation or solicitation to buy or sell. Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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- Settlement amount
- €9,039.55
- Net gain at maturity
- €1,978.40
- Net yield
- 4.45%
- Gross yield
- 5.09%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 100.12
- Nominal value
- 9,000
- Clean value
- €9,010.80
- Gross accrued interest
- €32.86
- Tax credit on accrued interest
- -€4.11
- Commissions
- €0.00
- Settlement amount
- €9,039.55
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.09% | 4.45% | 4.45% |
| Modified duration | 4.25 | 4.28 | 4.28 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,306.25
- Tax on coupons
- -€288.30
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€10.80
- Capital gain tax
- -€0.00
- Net gain at maturity
- €1,978.40
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,010.80 |
| 20/10/2026 | Gross accrued interest | -€32.86 |
| 20/10/2026 | Tax credit on accrued interest | €4.11 |
| 24/09/2027 | Gross coupon | €461.25 |
| 24/09/2027 | Tax on the coupon | -€57.66 |
| 24/09/2028 | Gross coupon | €461.25 |
| 24/09/2028 | Tax on the coupon | -€57.66 |
| 24/09/2029 | Gross coupon | €461.25 |
| 24/09/2029 | Tax on the coupon | -€57.66 |
| 24/09/2030 | Gross coupon | €461.25 |
| 24/09/2030 | Tax on the coupon | -€57.66 |
| 24/09/2031 | Gross coupon | €461.25 |
| 24/09/2031 | Tax on the coupon | -€57.66 |
| 24/09/2031 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €1,978.40 | |
It is the sum of all the movements: €11,310.36 received (coupons, redemption, tax credit on accrued interest) minus €9,331.96 paid (price, accrued interest, commissions and taxes) = €1,978.40. It is what you earn in euro, after tax, if you hold the bond to maturity; if negative, you lose money.
How it is calculated
- Accrued interest uses the ACT/ACT ICMA convention: the buyer pays the gross accrued interest and receives the credit for the tax withheld on that part of the coupon.
- Taxes of the Italian administered regime, 12.5% on coupons and capital gain (12.5% for government and supranational bonds, 26% for the others). Commissions are part of the purchase cost. Stamp duty and issue discount are not considered.
- Yields are annual compound rates (IRR) of the cash flows, actual days/365, with the bond held to maturity and coupons not reinvested.