POLAND TF 5,5% NV27 CALL USD
US857524AD47
MINISTERSTWO FINANSÓWCorporateMOT
- Last price
- 100.70
- as of 14/10/2026
- Gross yield
- 4.88%
- Net yield
- 3.43%
- Maturity
- 16/11/2027
- 1y 1m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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 USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,218.28
- Net gain at maturity
- US$331.17
- Net yield
- 3.43%
- Gross yield
- 4.88%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 100.70
- Nominal value
- 9,000
- Clean value
- US$9,063.00
- Gross accrued interest
- US$209.84
- Tax credit on accrued interest
- -US$54.56
- Commissions
- US$0.00
- Settlement amount
- US$9,218.28
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.88% | 3.43% | 3.43% |
| Modified duration | 0.99 | 1.00 | 1.00 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$742.50
- Tax on coupons
- -US$193.05
- Redemption of the nominal
- US$9,000.00
- Capital loss
- -US$63.00
- Capital gain tax
- -US$0.00
- Net gain at maturity
- US$331.17
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 | -US$9,063.00 |
| 19/10/2026 | Gross accrued interest | -US$209.84 |
| 19/10/2026 | Tax credit on accrued interest | US$54.56 |
| 16/11/2026 | Gross coupon | US$247.50 |
| 16/11/2026 | Tax on the coupon | -US$64.35 |
| 16/05/2027 | Gross coupon | US$247.50 |
| 16/05/2027 | Tax on the coupon | -US$64.35 |
| 16/11/2027 | Gross coupon | US$247.50 |
| 16/11/2027 | Tax on the coupon | -US$64.35 |
| 16/11/2027 | Redemption of the nominal | US$9,000.00 |
| Net gain at maturity | US$331.17 | |
It is the sum of all the movements: US$9,797.06 received (coupons, redemption, tax credit on accrued interest) minus US$9,465.89 paid (price, accrued interest, commissions and taxes) = US$331.17. 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.