SNAM SPA SDG LINK FX 5.75%NOV36CALL GBP
XS2944872121
SNAM S.P.A.CorporateHi-MTF · MOT
- Last price
- 98.34
- as of 13/10/2026
- Gross yield
- 6.06%
- Net yield
- 4.47%
- Maturity
- 26/11/2036
- 10y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Amounts are in GBP, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- £9,002.53
- Net gain at maturity
- £3,979.50
- Net yield
- 4.47%
- Gross yield
- 6.05%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 98.34
- Nominal value
- 9,000
- Clean value
- £8,850.60
- Gross accrued interest
- £205.31
- Tax credit on accrued interest
- -£53.38
- Commissions
- £0.00
- Settlement amount
- £9,002.53
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 6.05% | 4.47% | 4.51% |
| Modified duration | 7.18 | 7.45 | 7.44 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- £5,433.75
- Tax on coupons
- -£1,412.88
- Redemption of the nominal
- £9,000.00
- Capital gain
- £149.40
- Capital gain tax
- -£38.84
- Net gain at maturity
- £3,979.50
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -£8,850.60 |
| 19/10/2026 | Gross accrued interest | -£205.31 |
| 19/10/2026 | Tax credit on accrued interest | £53.38 |
| 26/11/2026 | Gross coupon | £258.75 |
| 26/11/2026 | Tax on the coupon | -£67.28 |
| 26/05/2027 | Gross coupon | £258.75 |
| 26/05/2027 | Tax on the coupon | -£67.28 |
| 26/11/2027 | Gross coupon | £258.75 |
| 26/11/2027 | Tax on the coupon | -£67.28 |
| 26/05/2028 | Gross coupon | £258.75 |
| 26/05/2028 | Tax on the coupon | -£67.28 |
| 26/11/2028 | Gross coupon | £258.75 |
| 26/11/2028 | Tax on the coupon | -£67.28 |
| 26/05/2029 | Gross coupon | £258.75 |
| 26/05/2029 | Tax on the coupon | -£67.28 |
| 26/11/2029 | Gross coupon | £258.75 |
| 26/11/2029 | Tax on the coupon | -£67.28 |
| 26/05/2030 | Gross coupon | £258.75 |
| 26/05/2030 | Tax on the coupon | -£67.28 |
| 26/11/2030 | Gross coupon | £258.75 |
| 26/11/2030 | Tax on the coupon | -£67.28 |
| 26/05/2031 | Gross coupon | £258.75 |
| 26/05/2031 | Tax on the coupon | -£67.28 |
| 26/11/2031 | Gross coupon | £258.75 |
| 26/11/2031 | Tax on the coupon | -£67.28 |
| 26/05/2032 | Gross coupon | £258.75 |
| 26/05/2032 | Tax on the coupon | -£67.28 |
| 26/11/2032 | Gross coupon | £258.75 |
| 26/11/2032 | Tax on the coupon | -£67.28 |
| 26/05/2033 | Gross coupon | £258.75 |
| 26/05/2033 | Tax on the coupon | -£67.28 |
| 26/11/2033 | Gross coupon | £258.75 |
| 26/11/2033 | Tax on the coupon | -£67.28 |
| 26/05/2034 | Gross coupon | £258.75 |
| 26/05/2034 | Tax on the coupon | -£67.28 |
| 26/11/2034 | Gross coupon | £258.75 |
| 26/11/2034 | Tax on the coupon | -£67.28 |
| 26/05/2035 | Gross coupon | £258.75 |
| 26/05/2035 | Tax on the coupon | -£67.28 |
| 26/11/2035 | Gross coupon | £258.75 |
| 26/11/2035 | Tax on the coupon | -£67.28 |
| 26/05/2036 | Gross coupon | £258.75 |
| 26/05/2036 | Tax on the coupon | -£67.28 |
| 26/11/2036 | Gross coupon | £258.75 |
| 26/11/2036 | Tax on the coupon | -£67.28 |
| 26/11/2036 | Redemption of the nominal | £9,000.00 |
| 26/11/2036 | Capital gain tax | -£38.84 |
| Net gain at maturity | £3,979.50 | |
It is the sum of all the movements: £14,487.13 received (coupons, redemption, tax credit on accrued interest) minus £10,507.63 paid (price, accrued interest, commissions and taxes) = £3,979.50. 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, 26% 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.