POLAND FX 4.5% JAN31 PLN
PL0000118519
MINISTERSTWO FINANSÓWForeign governmentMOT
- Last price
- 96.35
- as of 14/10/2026
- Gross yield
- 5.47%
- Net yield
- 4.80%
- Maturity
- 25/01/2031
- 4y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
Simulate a purchase
Change the values: every figure updates at once. The page link keeps the simulation.
Amounts are in PLN, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- PLN 9,923.03
- Net gain at maturity
- PLN 2,000.09
- Net yield
- 4.80%
- Gross yield
- 5.47%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 96.35
- Nominal value
- 10,000
- Clean value
- PLN 9,635.00
- Gross accrued interest
- PLN 329.18
- Tax credit on accrued interest
- -PLN 41.15
- Commissions
- PLN 0.00
- Settlement amount
- PLN 9,923.03
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.47% | 4.80% | 4.90% |
| Modified duration | 3.65 | 3.68 | 3.67 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- PLN 2,250.00
- Tax on coupons
- -PLN 281.25
- Redemption of the nominal
- PLN 10,000.00
- Capital gain
- PLN 365.00
- Capital gain tax
- -PLN 45.63
- Net gain at maturity
- PLN 2,000.09
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -PLN 9,635.00 |
| 19/10/2026 | Gross accrued interest | -PLN 329.18 |
| 19/10/2026 | Tax credit on accrued interest | PLN 41.15 |
| 25/01/2027 | Gross coupon | PLN 450.00 |
| 25/01/2027 | Tax on the coupon | -PLN 56.25 |
| 25/01/2028 | Gross coupon | PLN 450.00 |
| 25/01/2028 | Tax on the coupon | -PLN 56.25 |
| 25/01/2029 | Gross coupon | PLN 450.00 |
| 25/01/2029 | Tax on the coupon | -PLN 56.25 |
| 25/01/2030 | Gross coupon | PLN 450.00 |
| 25/01/2030 | Tax on the coupon | -PLN 56.25 |
| 25/01/2031 | Gross coupon | PLN 450.00 |
| 25/01/2031 | Tax on the coupon | -PLN 56.25 |
| 25/01/2031 | Redemption of the nominal | PLN 10,000.00 |
| 25/01/2031 | Capital gain tax | -PLN 45.63 |
| Net gain at maturity | PLN 2,000.09 | |
It is the sum of all the movements: PLN 12,291.15 received (coupons, redemption, tax credit on accrued interest) minus PLN 10,291.06 paid (price, accrued interest, commissions and taxes) = PLN 2,000.09. 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.