Italy Zero 1 Sep 2036

    Italy flagITEURSenior
    IT0004976681 · Bearer · matures 1 Sep 2036 (9.9y)
    Coupon
    0.000%
    Zero coupon
    Yield to maturity
    3.77%
    Price 68.71 · 10 Jul 2026
    Maturity
    1 Sep 2036
    9.9 years · bullet

    Key facts

    Identifiers

    ISINThe 12-character code that identifies this bond worldwide. Use it to find the bond at a broker or in other tools.
    IT0004976681
    Issuer LEILegal Entity Identifier. A global 20-character code for the issuing company, used in regulatory reports.
    815600DE60799F5A9309
    Issuer countryThe country where the issuer is registered, from GLEIF, the global register of legal entities. Some international organisations have no country.
    ItalyItaly flag
    Supervised inThe country of the authority that supervises trading in this bond under MiFID II. The issuer can be based elsewhere: Italy supervises Israel's bonds.
    ItalyItaly flag
    Trading venuesWhere the bond can be traded, shown by Market Identifier Code (MIC). The first one is the main listing. Hover a code to see the venue name.
    MOTXSSOBBTFETWEMAURO

    Terms

    InterestFixed means the coupon stays the same until maturity. Floating means it follows a reference rate plus a spread.
    Zero coupon
    CouponThe yearly interest, in percent of the face value.
    0.000%
    Next couponA zero-coupon bond pays no interest along the way. You earn the gap between the price you pay and the amount repaid at maturity.
    None, zero coupon
    CurrencyThe currency of the coupons and the repayment.
    EUR
    RedemptionHow the principal is repaid. Bullet means all of it is repaid in one payment at maturity. Callable means the issuer can repay early.
    Bullet, at maturity
    SeniorityWhere the bond ranks if the issuer fails. Senior bonds are paid before subordinated bonds.
    Senior
    Guarantee or rankWho backs the bond besides the issuer, such as a government, or where it ranks among the issuer's debts. From its CFI classification code.
    Government/state guarantee

    Size and settlement

    Amount issuedHow much the issuer sold when the bond was first issued.
    EUR 900M
    Minimum amountThe data gives a face value of 0.01 for this bond. That is too small to be the real minimum, so it is not shown. Ask your broker for the smallest amount you can buy.
    —
    FormBearer bonds belong to whoever holds them in a custody account. Registered bonds record the owner's name.
    Bearer
    InstrumentThe kind of debt security, from its CFI classification code.
    Bond
    First tradeThe first day the bond could trade on a European venue.
    18 Jun 2014

    Price and risk

    Last priceThe last traded or quoted price, in percent of the face value. 101.25 means you pay 1,012.50 for a bond of 1,000.
    68.71
    Price dateWhen the last price was seen.
    10 Jul 2026
    Yield to maturityThe yearly return if you buy at the last price and hold the bond to maturity.
    3.77%
    Modified durationHow much the price moves when yields move. 9.64 means the price falls about 9.64% if yields rise by 1 percentage point. Estimated with one coupon a year.
    9.64 years
    Yield at your priceThe calculator loads this bond. Change the price or the settlement date to see the yield, the accrued interest and every cash flow.
    YTM calculator
    Early repaymentCallable: the issuer can repay the bond before maturity, and tends to when rates fall. Puttable: you can ask the issuer to repay it early, on set dates.
    Not callable

    Issuer yield curve

    Yield of each traded Italy bond in EUR, by maturity

    Issuer debt by maturity year

    How much Italy must repay each year, converted to US dollars. Each block is a bond; the top block of a year groups the bonds too small to show.

    Other bonds due in 2036Other years

    Other bonds by Italy

    543 bonds from this issuer · 295 with a traded yield

    Open in screener
    ISINNameMaturityTime leftCouponYTMCcy
    XS3396984224Italy FRN 6M Euribor +106bp 4 Jun 20364 Jun 20369.6y——EUR
    IT0005706285Italy BTP 3.8% 1 Jul 20361 Jul 20369.7y3.800%4.42%EUR
    US465410CF34Italy 5.125% 14 Jul 2036 · 144A14 Jul 20369.7y5.125%6.02%USD
    XS3441656611Italy 5.125% 14 Jul 2036 · Reg S14 Jul 20369.7y5.125%6.07%USD
    IT0004002843Italy Strip 1 Aug 20361 Aug 20369.8y0.000%3.92%EUR
    IT0004534514Italy Strip 1 Sep 20361 Sep 20369.9y0.000%—EUR
    IT0004976681Italy Zero 1 Sep 20361 Sep 20369.9y0.000%3.77%EUR
    IT0005177909Italy BTP 2.25% 1 Sep 20361 Sep 20369.9y2.250%4.41%EUR
    IT0004548308Italy Strip (Coupon) 15 Sep 2036 · Inflation-linked15 Sep 20369.9y0.000%—EUR
    IT0005550147Italy Zero 1 Oct 20361 Oct 203610.0y0.000%4.75%EUR
    IT0005729931Italy BTP 4% 1 Oct 20361 Oct 203610.0y4.000%4.44%EUR
    XS2948764563Italy 3.55% 29 Oct 203629 Oct 203610.0y3.550%—EUR