KFW TF 1,125% MG33 EUR
DE000A2LQHT2
Kreditanstalt für WiederaufbauForeign governmentMOT
- Last price
- 85.97
- as of 13/10/2026
- Gross yield
- 3.56%
- Net yield
- 3.14%
- Maturity
- 09/05/2033
- 6y 7m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,505.05
- Net gain at maturity
- €2,060.00
- Net yield
- 3.14%
- Gross yield
- 3.56%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 85.97
- Nominal value
- 11,000
- Clean value
- €9,456.70
- Gross accrued interest
- €55.26
- Tax credit on accrued interest
- -€6.91
- Commissions
- €0.00
- Settlement amount
- €9,505.05
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.56% | 3.14% | 3.41% |
| Modified duration | 6.09 | 6.12 | 6.10 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €866.25
- Tax on coupons
- -€108.29
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,543.30
- Capital gain tax
- -€192.91
- Net gain at maturity
- €2,060.00
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,456.70 |
| 19/10/2026 | Gross accrued interest | -€55.26 |
| 19/10/2026 | Tax credit on accrued interest | €6.91 |
| 09/05/2027 | Gross coupon | €123.75 |
| 09/05/2027 | Tax on the coupon | -€15.47 |
| 09/05/2028 | Gross coupon | €123.75 |
| 09/05/2028 | Tax on the coupon | -€15.47 |
| 09/05/2029 | Gross coupon | €123.75 |
| 09/05/2029 | Tax on the coupon | -€15.47 |
| 09/05/2030 | Gross coupon | €123.75 |
| 09/05/2030 | Tax on the coupon | -€15.47 |
| 09/05/2031 | Gross coupon | €123.75 |
| 09/05/2031 | Tax on the coupon | -€15.47 |
| 09/05/2032 | Gross coupon | €123.75 |
| 09/05/2032 | Tax on the coupon | -€15.47 |
| 09/05/2033 | Gross coupon | €123.75 |
| 09/05/2033 | Tax on the coupon | -€15.47 |
| 09/05/2033 | Redemption of the nominal | €11,000.00 |
| 09/05/2033 | Capital gain tax | -€192.91 |
| Net gain at maturity | €2,060.00 | |
It is the sum of all the movements: €11,873.16 received (coupons, redemption, tax credit on accrued interest) minus €9,813.16 paid (price, accrued interest, commissions and taxes) = €2,060.00. 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.