ROMANIA FX 7.5% FEB37 USD

XS2999564581RomaniaMINISTERUL FINANȚELORForeign governmentMOT

Last price
102.84
as of 15/10/2026
Gross yield
7.23%
Net yield
6.28%
Maturity
10/02/2037
10y 4m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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USD

Last price: 102.84 on 15/10/2026

Commissions
%
€
€

Percent of the order value, with a minimum and a maximum in euro (empty maximum = no limit). For a flat fee enter only the minimum.

Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
Settlement amount
US$8,328.49
Net gain at maturity
US$5,184.01
Net yield
6.27%
Gross yield
7.22%

Order details

Settlement date
20/10/2026
Purchase price (clean)
102.84
Nominal value
8,000
Clean value
US$8,227.20
Gross accrued interest
US$115.76
Tax credit on accrued interest
-US$14.47
Commissions
US$0.00
Settlement amount
US$8,328.49

Yields and duration

GrossNetNet without capital gain tax
Annual yield7.22%6.27%6.27%
Modified duration6.826.986.98

The last column applies when the capital gain is offset by earlier capital losses.

Outcome at maturity

Gross coupons
US$6,300.00
Tax on coupons
-US$787.50
Redemption of the nominal
US$8,000.00
Capital loss
-US$227.20
Capital gain tax
-US$0.00
Net gain at maturity
US$5,184.01

No tax: in Italy the capital loss can offset capital gains of the next four years.

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-US$8,227.20
20/10/2026Gross accrued interest-US$115.76
20/10/2026Tax credit on accrued interestUS$14.47
10/02/2027Gross couponUS$300.00
10/02/2027Tax on the coupon-US$37.50
10/08/2027Gross couponUS$300.00
10/08/2027Tax on the coupon-US$37.50
10/02/2028Gross couponUS$300.00
10/02/2028Tax on the coupon-US$37.50
10/08/2028Gross couponUS$300.00
10/08/2028Tax on the coupon-US$37.50
10/02/2029Gross couponUS$300.00
10/02/2029Tax on the coupon-US$37.50
10/08/2029Gross couponUS$300.00
10/08/2029Tax on the coupon-US$37.50
10/02/2030Gross couponUS$300.00
10/02/2030Tax on the coupon-US$37.50
10/08/2030Gross couponUS$300.00
10/08/2030Tax on the coupon-US$37.50
10/02/2031Gross couponUS$300.00
10/02/2031Tax on the coupon-US$37.50
10/08/2031Gross couponUS$300.00
10/08/2031Tax on the coupon-US$37.50
10/02/2032Gross couponUS$300.00
10/02/2032Tax on the coupon-US$37.50
10/08/2032Gross couponUS$300.00
10/08/2032Tax on the coupon-US$37.50
10/02/2033Gross couponUS$300.00
10/02/2033Tax on the coupon-US$37.50
10/08/2033Gross couponUS$300.00
10/08/2033Tax on the coupon-US$37.50
10/02/2034Gross couponUS$300.00
10/02/2034Tax on the coupon-US$37.50
10/08/2034Gross couponUS$300.00
10/08/2034Tax on the coupon-US$37.50
10/02/2035Gross couponUS$300.00
10/02/2035Tax on the coupon-US$37.50
10/08/2035Gross couponUS$300.00
10/08/2035Tax on the coupon-US$37.50
10/02/2036Gross couponUS$300.00
10/02/2036Tax on the coupon-US$37.50
10/08/2036Gross couponUS$300.00
10/08/2036Tax on the coupon-US$37.50
10/02/2037Gross couponUS$300.00
10/02/2037Tax on the coupon-US$37.50
10/02/2037Redemption of the nominalUS$8,000.00
Net gain at maturityUS$5,184.01

It is the sum of all the movements: US$14,314.47 received (coupons, redemption, tax credit on accrued interest) minus US$9,130.46 paid (price, accrued interest, commissions and taxes) = US$5,184.01. 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.