EBRD ZC AP27 ZAR
XS0074789503EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENTSupranationalMOT
- Last price
- 96.50
- as of 14/10/2026
- Gross yield
- 7.80%
- Net yield
- 6.81%
- Maturity
- 07/04/2027
- 6m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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 ZAR, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- ZAR 9,650.10
- Net gain at maturity
- ZAR 306.16
- Net yield
- 6.94%
- Gross yield
- 7.95%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 96.50
- Nominal value
- 10,000
- Clean value
- ZAR 9,650.10
- Gross accrued interest
- ZAR 0.00
- Commissions
- ZAR 0.00
- Settlement amount
- ZAR 9,650.10
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 7.95% | 6.94% | 7.95% |
| Modified duration | 0.43 | 0.44 | 0.43 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- ZAR 0.00
- Redemption of the nominal
- ZAR 10,000.00
- Capital gain
- ZAR 349.90
- Capital gain tax
- -ZAR 43.74
- Net gain at maturity
- ZAR 306.16
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -ZAR 9,650.10 |
| 07/04/2027 | Redemption of the nominal | ZAR 10,000.00 |
| 07/04/2027 | Capital gain tax | -ZAR 43.74 |
| Net gain at maturity | ZAR 306.16 | |
It is the sum of all the movements: ZAR 10,000.00 received (coupons, redemption, tax credit on accrued interest) minus ZAR 9,693.84 paid (price, accrued interest, commissions and taxes) = ZAR 306.16. 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.