WORLD BANK SUSTAIN FX 4.625% FEB28 NZD
NZIBDDT021C7International Bank for Reconstruction and DevelopmentSupranationalMOT
- Last price
- 100.53
- as of 13/10/2026
- Gross yield
- 4.24%
- Net yield
- 3.65%
- Maturity
- 02/02/2028
- 1y 3m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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.
Amounts are in NZD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- NZ$9,124.90
- Net gain at maturity
- NZ$421.43
- Net yield
- 3.64%
- Gross yield
- 4.23%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 100.53
- Nominal value
- 9,000
- Clean value
- NZ$9,047.70
- Gross accrued interest
- NZ$88.23
- Tax credit on accrued interest
- -NZ$11.03
- Commissions
- NZ$0.00
- Settlement amount
- NZ$9,124.90
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.23% | 3.64% | 3.64% |
| Modified duration | 1.21 | 1.21 | 1.21 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- NZ$624.39
- Tax on coupons
- -NZ$78.06
- Redemption of the nominal
- NZ$9,000.00
- Capital loss
- -NZ$47.70
- Capital gain tax
- -NZ$0.00
- Net gain at maturity
- NZ$421.43
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -NZ$9,047.70 |
| 19/10/2026 | Gross accrued interest | -NZ$88.23 |
| 19/10/2026 | Tax credit on accrued interest | NZ$11.03 |
| 02/02/2027 | Gross coupon | NZ$208.13 |
| 02/02/2027 | Tax on the coupon | -NZ$26.02 |
| 02/08/2027 | Gross coupon | NZ$208.13 |
| 02/08/2027 | Tax on the coupon | -NZ$26.02 |
| 02/02/2028 | Gross coupon | NZ$208.13 |
| 02/02/2028 | Tax on the coupon | -NZ$26.02 |
| 02/02/2028 | Redemption of the nominal | NZ$9,000.00 |
| Net gain at maturity | NZ$421.43 | |
It is the sum of all the movements: NZ$9,635.42 received (coupons, redemption, tax credit on accrued interest) minus NZ$9,213.99 paid (price, accrued interest, commissions and taxes) = NZ$421.43. 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.