SCHATZ FX 2% DEC27 EUR
DE000BU22114
Bundesrepublik DeutschlandForeign governmentHi-MTF · MOT
- Last price
- 98.89
- as of 16/10/2026
- Gross yield
- 2.99%
- Net yield
- 2.61%
- Maturity
- 16/12/2027
- 1y 2m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,033.00
- Net gain at maturity
- €269.51
- Net yield
- 2.61%
- Gross yield
- 2.99%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 98.89
- Nominal value
- 9,000
- Clean value
- €8,900.10
- Gross accrued interest
- €151.89
- Tax credit on accrued interest
- -€18.99
- Commissions
- €0.00
- Settlement amount
- €9,033.00
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 2.99% | 2.61% | 2.74% |
| Modified duration | 1.10 | 1.11 | 1.11 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €360.00
- Tax on coupons
- -€45.00
- Redemption of the nominal
- €9,000.00
- Capital gain
- €99.90
- Capital gain tax
- -€12.49
- Net gain at maturity
- €269.51
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€8,900.10 |
| 20/10/2026 | Gross accrued interest | -€151.89 |
| 20/10/2026 | Tax credit on accrued interest | €18.99 |
| 16/12/2026 | Gross coupon | €180.00 |
| 16/12/2026 | Tax on the coupon | -€22.50 |
| 16/12/2027 | Gross coupon | €180.00 |
| 16/12/2027 | Tax on the coupon | -€22.50 |
| 16/12/2027 | Redemption of the nominal | €9,000.00 |
| 16/12/2027 | Capital gain tax | -€12.49 |
| Net gain at maturity | €269.51 | |
It is the sum of all the movements: €9,378.99 received (coupons, redemption, tax credit on accrued interest) minus €9,109.48 paid (price, accrued interest, commissions and taxes) = €269.51. 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.