Date: 2024/08/30 08:30:28 | |
---|---|
Bid | Ask |
93.70 | 95.70 |
Difference | 0.00% (0.00) |
Type of bond | Erste Group subordinated bonds |
Bond style | subordinated |
Issuer type | financial institution |
Country of issue | AT |
Current coupon | 2.675% |
Coupon style | floating |
Coupon payment date | 2025/02/19 |
Coupon payment period | annually |
Yield to maturity p.a. (before tax) | - |
Value date | 2019/02/19 |
Maturity | 2029/02/19 |
Repayment value | 100.00 |
Currency | EUR |
Minimum unit | 1,000 |
This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties. Purchases and sales are made exclusively on the secondary market. |
This bond is a security that establishes unsecured and subordinate debt of Erste Group Bank AG (issuer). It constitutes an instrument of Tier 2 capital in accordance with article 63 of Regulation 575/2013/EU (CRR). Due to the subordinate status of bond, claims made by creditors in the event of the liquidation or insolvency (i.e. excessive debt or default) of the issuer will only be fulfilled once all other claims by non-subordinate creditors of the issuer have been satisfied. |
This bond pays in the first two years a fixed coupon of 2.50 % p.a and offers a variable coupon with a floor of 1.50 % and a cap of 3.75 % in the following years. |
This bond will be redeemed on 19/02/2029 at 100 % of face value (subject to the default risk of Erste Group Bank AG). |
The bond will be issued on a continuous basis and publicly offered in Germany, Austria and Romania. 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 the regulated official market of Wiener Börse 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. |
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