POLAND FX 3.625% JAN34 EUR
XS2746102479
MINISTERSTWO FINANSÓWForeign governmentMOT
- Last price
- 97.01
- as of 13/10/2026
- Gross yield
- 4.11%
- Net yield
- 3.60%
- Maturity
- 11/01/2034
- 7y 3m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
Simulate a purchase
Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €9,945.19
- Net gain at maturity
- €2,554.95
- Net yield
- 3.60%
- Gross yield
- 4.11%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 97.01
- Nominal value
- 10,000
- Clean value
- €9,701.00
- Gross accrued interest
- €279.08
- Tax credit on accrued interest
- -€34.89
- Commissions
- €0.00
- Settlement amount
- €9,945.19
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.11% | 3.60% | 3.65% |
| Modified duration | 6.05 | 6.10 | 6.10 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,900.00
- Tax on coupons
- -€362.48
- Redemption of the nominal
- €10,000.00
- Capital gain
- €299.00
- Capital gain tax
- -€37.38
- Net gain at maturity
- €2,554.95
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,701.00 |
| 19/10/2026 | Gross accrued interest | -€279.08 |
| 19/10/2026 | Tax credit on accrued interest | €34.89 |
| 11/01/2027 | Gross coupon | €362.50 |
| 11/01/2027 | Tax on the coupon | -€45.31 |
| 11/01/2028 | Gross coupon | €362.50 |
| 11/01/2028 | Tax on the coupon | -€45.31 |
| 11/01/2029 | Gross coupon | €362.50 |
| 11/01/2029 | Tax on the coupon | -€45.31 |
| 11/01/2030 | Gross coupon | €362.50 |
| 11/01/2030 | Tax on the coupon | -€45.31 |
| 11/01/2031 | Gross coupon | €362.50 |
| 11/01/2031 | Tax on the coupon | -€45.31 |
| 11/01/2032 | Gross coupon | €362.50 |
| 11/01/2032 | Tax on the coupon | -€45.31 |
| 11/01/2033 | Gross coupon | €362.50 |
| 11/01/2033 | Tax on the coupon | -€45.31 |
| 11/01/2034 | Gross coupon | €362.50 |
| 11/01/2034 | Tax on the coupon | -€45.31 |
| 11/01/2034 | Redemption of the nominal | €10,000.00 |
| 11/01/2034 | Capital gain tax | -€37.38 |
| Net gain at maturity | €2,554.95 | |
It is the sum of all the movements: €12,934.89 received (coupons, redemption, tax credit on accrued interest) minus €10,379.94 paid (price, accrued interest, commissions and taxes) = €2,554.95. 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.