EU NEXT GEN FX 2.625% JUL28 EUR
EU000A4D5QM6European UnionSupranationalMOT
- Last price
- 99.00
- as of 16/10/2026
- Gross yield
- 3.23%
- Net yield
- 2.83%
- Maturity
- 04/07/2028
- 1y 8m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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
- €9,967.96
- Net gain at maturity
- €478.92
- Net yield
- 2.83%
- Gross yield
- 3.23%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 99.00
- Nominal value
- 10,000
- Clean value
- €9,900.00
- Gross accrued interest
- €77.67
- Tax credit on accrued interest
- -€9.71
- Commissions
- €0.00
- Settlement amount
- €9,967.96
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.23% | 2.83% | 2.90% |
| Modified duration | 1.63 | 1.63 | 1.63 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €525.00
- Tax on coupons
- -€65.62
- Redemption of the nominal
- €10,000.00
- Capital gain
- €100.00
- Capital gain tax
- -€12.50
- Net gain at maturity
- €478.92
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -€9,900.00 |
| 20/10/2026 | Gross accrued interest | -€77.67 |
| 20/10/2026 | Tax credit on accrued interest | €9.71 |
| 04/07/2027 | Gross coupon | €262.50 |
| 04/07/2027 | Tax on the coupon | -€32.81 |
| 04/07/2028 | Gross coupon | €262.50 |
| 04/07/2028 | Tax on the coupon | -€32.81 |
| 04/07/2028 | Redemption of the nominal | €10,000.00 |
| 04/07/2028 | Capital gain tax | -€12.50 |
| Net gain at maturity | €478.92 | |
It is the sum of all the movements: €10,534.71 received (coupons, redemption, tax credit on accrued interest) minus €10,055.79 paid (price, accrued interest, commissions and taxes) = €478.92. 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.