WORLD BANK SUSTAIN FX 1.625% MAY28 NZD
NZIBDDT018C3International Bank for Reconstruction and DevelopmentSupranationalMOT
- Last price
- 98.00
- as of 14/10/2026
- Gross yield
- 2.96%
- Net yield
- 2.59%
- Maturity
- 10/05/2028
- 1y 7m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Amounts are in NZD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- NZ$9,862.98
- Net gain at maturity
- NZ$396.38
- Net yield
- 2.60%
- Gross yield
- 2.97%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 98.00
- Nominal value
- 10,000
- Clean value
- NZ$9,800.00
- Gross accrued interest
- NZ$71.98
- Tax credit on accrued interest
- -NZ$9.00
- Commissions
- NZ$0.00
- Settlement amount
- NZ$9,862.98
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 2.97% | 2.60% | 2.76% |
| Modified duration | 1.49 | 1.49 | 1.49 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- NZ$325.00
- Tax on coupons
- -NZ$40.64
- Redemption of the nominal
- NZ$10,000.00
- Capital gain
- NZ$200.00
- Capital gain tax
- -NZ$25.00
- Net gain at maturity
- NZ$396.38
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -NZ$9,800.00 |
| 20/10/2026 | Gross accrued interest | -NZ$71.98 |
| 20/10/2026 | Tax credit on accrued interest | NZ$9.00 |
| 10/11/2026 | Gross coupon | NZ$81.25 |
| 10/11/2026 | Tax on the coupon | -NZ$10.16 |
| 10/05/2027 | Gross coupon | NZ$81.25 |
| 10/05/2027 | Tax on the coupon | -NZ$10.16 |
| 10/11/2027 | Gross coupon | NZ$81.25 |
| 10/11/2027 | Tax on the coupon | -NZ$10.16 |
| 10/05/2028 | Gross coupon | NZ$81.25 |
| 10/05/2028 | Tax on the coupon | -NZ$10.16 |
| 10/05/2028 | Redemption of the nominal | NZ$10,000.00 |
| 10/05/2028 | Capital gain tax | -NZ$25.00 |
| Net gain at maturity | NZ$396.38 | |
It is the sum of all the movements: NZ$10,334.00 received (coupons, redemption, tax credit on accrued interest) minus NZ$9,937.62 paid (price, accrued interest, commissions and taxes) = NZ$396.38. 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.