ESM FX 2.375% SEP27 EUR
EU000A1Z99V7EUROPEAN STABILITY MECHANISMSupranationalMOT
- Last price
- 99.74
- as of 16/10/2026
- Gross yield
- 2.66%
- Net yield
- 2.32%
- Maturity
- 30/09/2027
- 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Change the values: every figure updates at once. The page link keeps the simulation.
- Settlement amount
- €9,985.28
- Net gain at maturity
- €219.27
- Net yield
- 2.32%
- Gross yield
- 2.66%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 99.74
- Nominal value
- 10,000
- Clean value
- €9,973.90
- Gross accrued interest
- €13.01
- Tax credit on accrued interest
- -€1.63
- Commissions
- €0.00
- Settlement amount
- €9,985.28
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 2.66% | 2.32% | 2.36% |
| Modified duration | 0.92 | 0.92 | 0.92 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €237.50
- Tax on coupons
- -€29.69
- Redemption of the nominal
- €10,000.00
- Capital gain
- €26.10
- Capital gain tax
- -€3.26
- Net gain at maturity
- €219.27
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,973.90 |
| 20/10/2026 | Gross accrued interest | -€13.01 |
| 20/10/2026 | Tax credit on accrued interest | €1.63 |
| 30/09/2027 | Gross coupon | €237.50 |
| 30/09/2027 | Tax on the coupon | -€29.69 |
| 30/09/2027 | Redemption of the nominal | €10,000.00 |
| 30/09/2027 | Capital gain tax | -€3.26 |
| Net gain at maturity | €219.27 | |
It is the sum of all the movements: €10,239.13 received (coupons, redemption, tax credit on accrued interest) minus €10,019.86 paid (price, accrued interest, commissions and taxes) = €219.27. 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.