POLAND FX 3.875% OCT39 EUR

XS2922764191PolandMINISTERSTWO FINANSÓWForeign governmentHi-MTF · MOT

Last price
92.60
as of 14/10/2026
Gross yield
4.65%
Net yield
4.08%
Maturity
22/10/2039
13y
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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EUR

Last price: 92.60 on 14/10/2026

Commissions
%
€
€

Percent of the order value, with a minimum and a maximum in euro (empty maximum = no limit). For a flat fee enter only the minimum.

Settlement amount
€9,597.21
Net gain at maturity
€5,057.13
Net yield
4.08%
Gross yield
4.64%

Order details

Settlement date
20/10/2026
Purchase price (clean)
92.60
Nominal value
10,000
Clean value
€9,260.00
Gross accrued interest
€385.38
Tax credit on accrued interest
-€48.17
Commissions
€0.00
Settlement amount
€9,597.21

Yields and duration

GrossNetNet without capital gain tax
Annual yield4.64%4.08%4.13%
Modified duration9.499.659.63

The last column applies when the capital gain is offset by earlier capital losses.

Outcome at maturity

Gross coupons
€5,425.00
Tax on coupons
-€678.16
Redemption of the nominal
€10,000.00
Capital gain
€740.00
Capital gain tax
-€92.50
Net gain at maturity
€5,057.13

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-€9,260.00
20/10/2026Gross accrued interest-€385.38
20/10/2026Tax credit on accrued interest€48.17
22/10/2026Gross coupon€387.50
22/10/2026Tax on the coupon-€48.44
22/10/2027Gross coupon€387.50
22/10/2027Tax on the coupon-€48.44
22/10/2028Gross coupon€387.50
22/10/2028Tax on the coupon-€48.44
22/10/2029Gross coupon€387.50
22/10/2029Tax on the coupon-€48.44
22/10/2030Gross coupon€387.50
22/10/2030Tax on the coupon-€48.44
22/10/2031Gross coupon€387.50
22/10/2031Tax on the coupon-€48.44
22/10/2032Gross coupon€387.50
22/10/2032Tax on the coupon-€48.44
22/10/2033Gross coupon€387.50
22/10/2033Tax on the coupon-€48.44
22/10/2034Gross coupon€387.50
22/10/2034Tax on the coupon-€48.44
22/10/2035Gross coupon€387.50
22/10/2035Tax on the coupon-€48.44
22/10/2036Gross coupon€387.50
22/10/2036Tax on the coupon-€48.44
22/10/2037Gross coupon€387.50
22/10/2037Tax on the coupon-€48.44
22/10/2038Gross coupon€387.50
22/10/2038Tax on the coupon-€48.44
22/10/2039Gross coupon€387.50
22/10/2039Tax on the coupon-€48.44
22/10/2039Redemption of the nominal€10,000.00
22/10/2039Capital gain tax-€92.50
Net gain at maturity€5,057.13

It is the sum of all the movements: €15,473.17 received (coupons, redemption, tax credit on accrued interest) minus €10,416.04 paid (price, accrued interest, commissions and taxes) = €5,057.13. 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.