WORLD BANK TF 8,25% DC26 ZAR
XS1844348570International Bank for Reconstruction and DevelopmentSupranationalMOT
- Last price
- 99.99
- as of 14/10/2026
- Gross yield
- 8.01%
- Net yield
- 7.04%
- Maturity
- 21/12/2026
- 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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 5,299.33
- Net gain at maturity
- ZAR 61.57
- Net yield
- 7.04%
- Gross yield
- 8.01%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 99.99
- Nominal value
- 5,000
- Clean value
- ZAR 4,999.70
- Gross accrued interest
- ZAR 342.43
- Tax credit on accrued interest
- -ZAR 42.80
- Commissions
- ZAR 0.00
- Settlement amount
- ZAR 5,299.33
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 8.01% | 7.04% | 7.04% |
| Modified duration | 0.16 | 0.16 | 0.16 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- ZAR 412.50
- Tax on coupons
- -ZAR 51.56
- Redemption of the nominal
- ZAR 5,000.00
- Capital gain
- ZAR 0.30
- Capital gain tax
- -ZAR 0.04
- Net gain at maturity
- ZAR 61.57
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -ZAR 4,999.70 |
| 20/10/2026 | Gross accrued interest | -ZAR 342.43 |
| 20/10/2026 | Tax credit on accrued interest | ZAR 42.80 |
| 21/12/2026 | Gross coupon | ZAR 412.50 |
| 21/12/2026 | Tax on the coupon | -ZAR 51.56 |
| 21/12/2026 | Redemption of the nominal | ZAR 5,000.00 |
| 21/12/2026 | Capital gain tax | -ZAR 0.04 |
| Net gain at maturity | ZAR 61.57 | |
It is the sum of all the movements: ZAR 5,455.30 received (coupons, redemption, tax credit on accrued interest) minus ZAR 5,393.73 paid (price, accrued interest, commissions and taxes) = ZAR 61.57. 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.