ESM TF 3% AG33 EUR
EU000A1Z99S3EUROPEAN STABILITY MECHANISMSupranationalMOT
- Last price
- 97.00
- as of 15/10/2026
- Gross yield
- 3.50%
- Net yield
- 3.07%
- Maturity
- 23/08/2033
- 6y 10m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €9,741.71
- Net gain at maturity
- €2,058.29
- Net yield
- 3.06%
- Gross yield
- 3.50%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 97.00
- Nominal value
- 10,000
- Clean value
- €9,700.00
- Gross accrued interest
- €47.67
- Tax credit on accrued interest
- -€5.96
- Commissions
- €0.00
- Settlement amount
- €9,741.71
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.50% | 3.06% | 3.12% |
| Modified duration | 6.04 | 6.08 | 6.07 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €2,100.00
- Tax on coupons
- -€262.50
- Redemption of the nominal
- €10,000.00
- Capital gain
- €300.00
- Capital gain tax
- -€37.50
- Net gain at maturity
- €2,058.29
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,700.00 |
| 20/10/2026 | Gross accrued interest | -€47.67 |
| 20/10/2026 | Tax credit on accrued interest | €5.96 |
| 23/08/2027 | Gross coupon | €300.00 |
| 23/08/2027 | Tax on the coupon | -€37.50 |
| 23/08/2028 | Gross coupon | €300.00 |
| 23/08/2028 | Tax on the coupon | -€37.50 |
| 23/08/2029 | Gross coupon | €300.00 |
| 23/08/2029 | Tax on the coupon | -€37.50 |
| 23/08/2030 | Gross coupon | €300.00 |
| 23/08/2030 | Tax on the coupon | -€37.50 |
| 23/08/2031 | Gross coupon | €300.00 |
| 23/08/2031 | Tax on the coupon | -€37.50 |
| 23/08/2032 | Gross coupon | €300.00 |
| 23/08/2032 | Tax on the coupon | -€37.50 |
| 23/08/2033 | Gross coupon | €300.00 |
| 23/08/2033 | Tax on the coupon | -€37.50 |
| 23/08/2033 | Redemption of the nominal | €10,000.00 |
| 23/08/2033 | Capital gain tax | -€37.50 |
| Net gain at maturity | €2,058.29 | |
It is the sum of all the movements: €12,105.96 received (coupons, redemption, tax credit on accrued interest) minus €10,047.67 paid (price, accrued interest, commissions and taxes) = €2,058.29. 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.