POLAND FX 5.125% SEP34 CALL USD

US731011AY80PolandMINISTERSTWO FINANSÓWCorporateMOT

Last price
94.40
as of 14/10/2026
Gross yield
6.11%
Net yield
4.53%
Maturity
18/09/2034
7y 11m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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.

USD

Last price: 94.40 on 14/10/2026

Commissions
%
€
€

Percent of the order value, with a minimum and a maximum in euro (empty maximum = no limit). For a flat fee enter only the minimum.

Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
Settlement amount
US$9,472.48
Net gain at maturity
US$3,415.84
Net yield
4.53%
Gross yield
6.11%

Order details

Settlement date
19/10/2026
Purchase price (clean)
94.40
Nominal value
10,000
Clean value
US$9,440.00
Gross accrued interest
US$43.89
Tax credit on accrued interest
-US$11.41
Commissions
US$0.00
Settlement amount
US$9,472.48

Yields and duration

GrossNetNet without capital gain tax
Annual yield6.11%4.53%4.70%
Modified duration6.166.336.31

The last column applies when the capital gain is offset by earlier capital losses.

Outcome at maturity

Gross coupons
US$4,100.00
Tax on coupons
-US$1,066.08
Redemption of the nominal
US$10,000.00
Capital gain
US$560.00
Capital gain tax
-US$145.60
Net gain at maturity
US$3,415.84

Cash flows

DateDescriptionAmount
19/10/2026Payment of the price-US$9,440.00
19/10/2026Gross accrued interest-US$43.89
19/10/2026Tax credit on accrued interestUS$11.41
18/03/2027Gross couponUS$256.25
18/03/2027Tax on the coupon-US$66.63
18/09/2027Gross couponUS$256.25
18/09/2027Tax on the coupon-US$66.63
18/03/2028Gross couponUS$256.25
18/03/2028Tax on the coupon-US$66.63
18/09/2028Gross couponUS$256.25
18/09/2028Tax on the coupon-US$66.63
18/03/2029Gross couponUS$256.25
18/03/2029Tax on the coupon-US$66.63
18/09/2029Gross couponUS$256.25
18/09/2029Tax on the coupon-US$66.63
18/03/2030Gross couponUS$256.25
18/03/2030Tax on the coupon-US$66.63
18/09/2030Gross couponUS$256.25
18/09/2030Tax on the coupon-US$66.63
18/03/2031Gross couponUS$256.25
18/03/2031Tax on the coupon-US$66.63
18/09/2031Gross couponUS$256.25
18/09/2031Tax on the coupon-US$66.63
18/03/2032Gross couponUS$256.25
18/03/2032Tax on the coupon-US$66.63
18/09/2032Gross couponUS$256.25
18/09/2032Tax on the coupon-US$66.63
18/03/2033Gross couponUS$256.25
18/03/2033Tax on the coupon-US$66.63
18/09/2033Gross couponUS$256.25
18/09/2033Tax on the coupon-US$66.63
18/03/2034Gross couponUS$256.25
18/03/2034Tax on the coupon-US$66.63
18/09/2034Gross couponUS$256.25
18/09/2034Tax on the coupon-US$66.63
18/09/2034Redemption of the nominalUS$10,000.00
18/09/2034Capital gain tax-US$145.60
Net gain at maturityUS$3,415.84

It is the sum of all the movements: US$14,111.41 received (coupons, redemption, tax credit on accrued interest) minus US$10,695.57 paid (price, accrued interest, commissions and taxes) = US$3,415.84. 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, 26% 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.