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2.85 % ERSTE Pfandbrief 24-28


ISIN:
AT0000A3D5D1
WKN:
EB09XV

Date: 2024/07/24 13:22:01
Bid Ask
99.373 -
Difference 0.10% (0.10)

General attributes

Type of bondErste Group covered bonds
Bond stylecovered
Issuer typefinancial institution
Country of issueAT
Current coupon2.850%
Coupon stylefix
Coupon payment date2025/07/03
Coupon payment periodannually
Yield to maturity p.a. (before tax)2.80%
Value date2024/07/03
Maturity2028/07/03
Repayment value100.00
CurrencyEUR
Minimum unit1,000

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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
  • Covered Bond under the Austrian “Pfandbriefgesetz”("PfandBG"),
  • Suitable for gilt-edged investments
  • Fixed coupon of 2.85 % throughout the term. Redemption at 100 % at maturity by Erste Group Bank AG
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • The entitlement for redemption at 100 % of nominal amount applies only at maturity.
  • Change of market interest rates and credit rating of Erste Group Bank AG may lead to price fluctuations and capital loss in case of sale before maturity date.
  • Investors bear the issuer risk of Erste Group Bank AG, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • This bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Erste Group Bank AG may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). In the event of bankruptcy, the cover pool is segregated as special assets to service the covered bond. If the cover pool is insufficient, the covered bond holders may only be able to receive part of their claim.  A total loss of invested capital is possible.

Description

This covered bond is a bond that pays a fixed coupon of 2.85 % p.a. This is a mortgage bond under the Austrian "Pfandbriefgesetz ("PfandBG"), which is secured by a cover pool of mortgage loans held in trust. The bond has a maturity from 03/07/2024 to 03/07/2028 and at the end of maturity, the bond is redeemed at 100 % in terms of face value.

Payment notes

This covered bond pays a fixed coupon of 2.85 % p.a.

Settlement

This bond will be redeemed on 03/07/2028 at 100 % of face value (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 and Austria. 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 official market of Vienna Stock Exchange 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.

Underlying


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