ESM TF 0,01% OT31 EUR
EU000A1Z99P9EUROPEAN STABILITY MECHANISMSupranationalMOT
- Last price
- 84.27
- as of 13/10/2026
- Gross yield
- 3.49%
- Net yield
- 3.08%
- Maturity
- 15/10/2031
- 5y
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,269.71
- Net gain at maturity
- €1,518.80
- Net yield
- 3.09%
- Gross yield
- 3.50%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 84.27
- Nominal value
- 11,000
- Clean value
- €9,269.70
- Gross accrued interest
- €0.01
- Commissions
- €0.00
- Settlement amount
- €9,269.71
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.50% | 3.09% | 3.50% |
| Modified duration | 4.82 | 4.84 | 4.82 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €5.50
- Tax on coupons
- -€0.70
- Redemption of the nominal
- €11,000.00
- Capital gain
- €1,730.30
- Capital gain tax
- -€216.29
- Net gain at maturity
- €1,518.80
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -€9,269.70 |
| 19/10/2026 | Gross accrued interest | -€0.01 |
| 15/10/2027 | Gross coupon | €1.10 |
| 15/10/2027 | Tax on the coupon | -€0.14 |
| 15/10/2028 | Gross coupon | €1.10 |
| 15/10/2028 | Tax on the coupon | -€0.14 |
| 15/10/2029 | Gross coupon | €1.10 |
| 15/10/2029 | Tax on the coupon | -€0.14 |
| 15/10/2030 | Gross coupon | €1.10 |
| 15/10/2030 | Tax on the coupon | -€0.14 |
| 15/10/2031 | Gross coupon | €1.10 |
| 15/10/2031 | Tax on the coupon | -€0.14 |
| 15/10/2031 | Redemption of the nominal | €11,000.00 |
| 15/10/2031 | Capital gain tax | -€216.29 |
| Net gain at maturity | €1,518.80 | |
It is the sum of all the movements: €11,005.50 received (coupons, redemption, tax credit on accrued interest) minus €9,486.70 paid (price, accrued interest, commissions and taxes) = €1,518.80. 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.