ESM FX 2.125% NOV28 EUR
EU000A1Z99X3EUROPEAN STABILITY MECHANISMSupranationalMOT
- Last price
- 97.25
- as of 15/10/2026
- Gross yield
- 3.52%
- Net yield
- 3.08%
- Maturity
- 17/11/2028
- 2y 1m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,896.67
- Net gain at maturity
- €626.77
- Net yield
- 3.08%
- Gross yield
- 3.52%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 97.25
- Nominal value
- 10,000
- Clean value
- €9,725.00
- Gross accrued interest
- €196.20
- Tax credit on accrued interest
- -€24.53
- Commissions
- €0.00
- Settlement amount
- €9,896.67
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.52% | 3.08% | 3.24% |
| Modified duration | 1.95 | 1.96 | 1.95 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €637.50
- Tax on coupons
- -€79.68
- Redemption of the nominal
- €10,000.00
- Capital gain
- €275.00
- Capital gain tax
- -€34.38
- Net gain at maturity
- €626.77
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,725.00 |
| 20/10/2026 | Gross accrued interest | -€196.20 |
| 20/10/2026 | Tax credit on accrued interest | €24.53 |
| 17/11/2026 | Gross coupon | €212.50 |
| 17/11/2026 | Tax on the coupon | -€26.56 |
| 17/11/2027 | Gross coupon | €212.50 |
| 17/11/2027 | Tax on the coupon | -€26.56 |
| 17/11/2028 | Gross coupon | €212.50 |
| 17/11/2028 | Tax on the coupon | -€26.56 |
| 17/11/2028 | Redemption of the nominal | €10,000.00 |
| 17/11/2028 | Capital gain tax | -€34.38 |
| Net gain at maturity | €626.77 | |
It is the sum of all the movements: €10,662.03 received (coupons, redemption, tax credit on accrued interest) minus €10,035.26 paid (price, accrued interest, commissions and taxes) = €626.77. 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.