ADB TF 4,5% AG28 USD
US045167FZ16ASIAN DEVELOPMENT BANKSupranationalMOT
- Last price
- 99.47
- as of 13/10/2026
- Gross yield
- 4.86%
- Net yield
- 4.24%
- Maturity
- 25/08/2028
- 1y 10m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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 USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,005.26
- Net gain at maturity
- US$697.54
- Net yield
- 4.24%
- Gross yield
- 4.85%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 99.47
- Nominal value
- 9,000
- Clean value
- US$8,952.30
- Gross accrued interest
- US$60.53
- Tax credit on accrued interest
- -US$7.57
- Commissions
- US$0.00
- Settlement amount
- US$9,005.26
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.85% | 4.24% | 4.28% |
| Modified duration | 1.70 | 1.71 | 1.71 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$810.00
- Tax on coupons
- -US$101.24
- Redemption of the nominal
- US$9,000.00
- Capital gain
- US$47.70
- Capital gain tax
- -US$5.96
- Net gain at maturity
- US$697.54
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -US$8,952.30 |
| 19/10/2026 | Gross accrued interest | -US$60.53 |
| 19/10/2026 | Tax credit on accrued interest | US$7.57 |
| 25/02/2027 | Gross coupon | US$202.50 |
| 25/02/2027 | Tax on the coupon | -US$25.31 |
| 25/08/2027 | Gross coupon | US$202.50 |
| 25/08/2027 | Tax on the coupon | -US$25.31 |
| 25/02/2028 | Gross coupon | US$202.50 |
| 25/02/2028 | Tax on the coupon | -US$25.31 |
| 25/08/2028 | Gross coupon | US$202.50 |
| 25/08/2028 | Tax on the coupon | -US$25.31 |
| 25/08/2028 | Redemption of the nominal | US$9,000.00 |
| 25/08/2028 | Capital gain tax | -US$5.96 |
| Net gain at maturity | US$697.54 | |
It is the sum of all the movements: US$9,817.57 received (coupons, redemption, tax credit on accrued interest) minus US$9,120.03 paid (price, accrued interest, commissions and taxes) = US$697.54. 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.