SCHATZ FX 2.7% SEP28 EUR
DE000BU22148
Bundesrepublik DeutschlandForeign governmentMOT
- Last price
- 99.35
- as of 16/10/2026
- Gross yield
- 3.06%
- Net yield
- 2.67%
- Maturity
- 13/09/2028
- 1y 11m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,958.95
- Net gain at maturity
- €505.42
- Net yield
- 2.67%
- Gross yield
- 3.05%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 99.35
- Nominal value
- 10,000
- Clean value
- €9,935.00
- Gross accrued interest
- €27.37
- Tax credit on accrued interest
- -€3.42
- Commissions
- €0.00
- Settlement amount
- €9,958.95
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.05% | 2.67% | 2.71% |
| Modified duration | 1.82 | 1.83 | 1.83 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €540.00
- Tax on coupons
- -€67.50
- Redemption of the nominal
- €10,000.00
- Capital gain
- €65.00
- Capital gain tax
- -€8.13
- Net gain at maturity
- €505.42
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,935.00 |
| 20/10/2026 | Gross accrued interest | -€27.37 |
| 20/10/2026 | Tax credit on accrued interest | €3.42 |
| 13/09/2027 | Gross coupon | €270.00 |
| 13/09/2027 | Tax on the coupon | -€33.75 |
| 13/09/2028 | Gross coupon | €270.00 |
| 13/09/2028 | Tax on the coupon | -€33.75 |
| 13/09/2028 | Redemption of the nominal | €10,000.00 |
| 13/09/2028 | Capital gain tax | -€8.13 |
| Net gain at maturity | €505.42 | |
It is the sum of all the movements: €10,543.42 received (coupons, redemption, tax credit on accrued interest) minus €10,038.00 paid (price, accrued interest, commissions and taxes) = €505.42. 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.