POLAND FX 3.625% NOV30 EUR
XS2726911931
MINISTERSTWO FINANSÓWForeign governmentMOT
- Last price
- 100.08
- as of 16/10/2026
- Gross yield
- 3.60%
- Net yield
- 3.15%
- Maturity
- 29/11/2030
- 4y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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- Settlement amount
- €9,261.39
- Net gain at maturity
- €1,165.96
- Net yield
- 3.15%
- Gross yield
- 3.60%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 100.08
- Nominal value
- 9,000
- Clean value
- €9,007.20
- Gross accrued interest
- €290.50
- Tax credit on accrued interest
- -€36.31
- Commissions
- €0.00
- Settlement amount
- €9,261.39
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 3.60% | 3.15% | 3.15% |
| Modified duration | 3.64 | 3.66 | 3.66 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- €1,631.25
- Tax on coupons
- -€203.90
- Redemption of the nominal
- €9,000.00
- Capital loss
- -€7.20
- Capital gain tax
- -€0.00
- Net gain at maturity
- €1,165.96
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 | -€9,007.20 |
| 20/10/2026 | Gross accrued interest | -€290.50 |
| 20/10/2026 | Tax credit on accrued interest | €36.31 |
| 29/11/2026 | Gross coupon | €326.25 |
| 29/11/2026 | Tax on the coupon | -€40.78 |
| 29/11/2027 | Gross coupon | €326.25 |
| 29/11/2027 | Tax on the coupon | -€40.78 |
| 29/11/2028 | Gross coupon | €326.25 |
| 29/11/2028 | Tax on the coupon | -€40.78 |
| 29/11/2029 | Gross coupon | €326.25 |
| 29/11/2029 | Tax on the coupon | -€40.78 |
| 29/11/2030 | Gross coupon | €326.25 |
| 29/11/2030 | Tax on the coupon | -€40.78 |
| 29/11/2030 | Redemption of the nominal | €9,000.00 |
| Net gain at maturity | €1,165.96 | |
It is the sum of all the movements: €10,667.56 received (coupons, redemption, tax credit on accrued interest) minus €9,501.60 paid (price, accrued interest, commissions and taxes) = €1,165.96. 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.