EBRD TF 5,625% DC28 GBP
XS0091740018EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENTSupranationalMOT
- Last price
- 101.58
- as of 15/10/2026
- Gross yield
- 4.82%
- Net yield
- 4.13%
- Maturity
- 07/12/2028
- 2y 2m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Amounts are in GBP, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- £9,526.91
- Net gain at maturity
- £802.00
- Net yield
- 4.12%
- Gross yield
- 4.81%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 101.58
- Nominal value
- 9,000
- Clean value
- £9,142.20
- Gross accrued interest
- £439.67
- Tax credit on accrued interest
- -£54.96
- Commissions
- £0.00
- Settlement amount
- £9,526.91
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.81% | 4.12% | 4.12% |
| Modified duration | 1.89 | 1.90 | 1.90 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- £1,518.75
- Tax on coupons
- -£189.84
- Redemption of the nominal
- £9,000.00
- Capital loss
- -£142.20
- Capital gain tax
- -£0.00
- Net gain at maturity
- £802.00
No tax: in Italy the capital loss can offset capital gains of the next four years.
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -£9,142.20 |
| 20/10/2026 | Gross accrued interest | -£439.67 |
| 20/10/2026 | Tax credit on accrued interest | £54.96 |
| 07/12/2026 | Gross coupon | £506.25 |
| 07/12/2026 | Tax on the coupon | -£63.28 |
| 07/12/2027 | Gross coupon | £506.25 |
| 07/12/2027 | Tax on the coupon | -£63.28 |
| 07/12/2028 | Gross coupon | £506.25 |
| 07/12/2028 | Tax on the coupon | -£63.28 |
| 07/12/2028 | Redemption of the nominal | £9,000.00 |
| Net gain at maturity | £802.00 | |
It is the sum of all the movements: £10,573.71 received (coupons, redemption, tax credit on accrued interest) minus £9,771.71 paid (price, accrued interest, commissions and taxes) = £802.00. 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.