| Date: 2024/09/06 18:30:02 | |
|---|---|
| Bid | Ask |
| 97.106 | - |
| Difference | 0.08% (0.08) |
General attributes
| Type of bond | Erste Group credit linked notes |
| Bond style | senior |
| Issuer type | financial institution |
| Country of issue | AT |
| Reference entities | - |
| Current coupon | 2.650% |
| Coupon style | fix |
| Coupon payment date | 2025/07/20 |
| Coupon payment period | annually |
| Yield to maturity p.a. (before tax) | 3.15% |
| Value date | 2016/05/20 |
| Maturity | 2026/07/20 |
| Repayment value | 100.00 |
| Currency | EUR |
| Minimum unit | 1000 |
PDF Downloads
| Final Terms |  |
| Key Information Document | |
Scale: ABS REL
Instrument
Add Benchmark:
Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG
| Advantages | Risks you should be aware of |
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Description
| This bond refers to British Telecommunications PLC (reference debtor). It has a fixed maturity and falls due on 20.07.2026. The magnitude of coupon and redemption payments basically depend on the creditworthiness of the reference debtor. In one of the following events affecting the solvency of the reference debtor (a "credit event"), the coupon payment is cancelled in full, and the redemption is omitted either partially or even completely. Furthermore, the end of maturity of the bond will be adjusted. The following events represent a credit event: - bankruptcy - failure to pay - restructuring In the absence of a credit event, the investor receives a coupon payment and the bond is redeemed at the end of maturity at 100% of face value. If the reference debtor is subject to a credit event, the maturity date is modified. No further coupon payments are made. The investor receives a cash settlement amount that depends on the market value of the reference debtor’s debts after the occurrence of the credit event. The market value tends to fall significantly short of 100% of face value and may also amount to zero. The cash settlement amount is paid 30 days after the determination of the market value. This means, that the redemption can be executed before or after the due date of the credit-linked bond. |
Payment notes
| This credit-linked bond pays a coupon of 2.65% p.a., provided no credit event has occured. |
Settlement
| This credit-linked bond will be redeemed on 20. July 2026 at 100 % of face value, provided no credit event has occured and subject to the default risk of Erste Group Bank AG. |
Secondary market
| The bond will be issued on a continuous basis and publicly offered in Germany. From the issue date onwards the bond can basically be traded on a stock exchange or over-the-counter. Under normal trading conditions the issuer will continuously quote indicative prices. Listing at the unofficial market of Stuttgarter Wertpapierbörse (Baden-Württembergische Wertpapierbörse) and Frankfurter Wertpapierbörse is scheduled. The decision about the admission to the respective market and the actual listing will be taken by the board of the respective stock exchanges. From admission onwards the bond can be traded on each stock exchange during trading hours. |