Questions on securities

Monday - Friday 09:00-17:00

Quick guide

Choose your country

2.40 % ERSTE Pfandbrief 24-28


ISIN:
AT0000A3EPB2
WKN:
EB09YA

Date: 2024/10/08 09:46:34
Bid Ask
99.141 -
Difference -0.16% (-0.16)

General attributes

Type of bondErste Group covered bonds
Bond stylecovered
Issuer typefinancial institution
Country of issueAT
Current coupon2.400%
Coupon stylefix
Coupon payment date2025/10/02
Coupon payment periodannually
Yield to maturity p.a. (before tax)2.44%
Value date2024/10/02
Maturity2028/10/02
Repayment value100.00
CurrencyEUR
Minimum unit1,000

PDF Downloads

Final TermsPDF Download

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
  • Covered Bond under the Austrian “Pfandbriefgesetz”("PfandBG"),
  • Suitable for gilt-edged investments
  • Fixed coupon of 2.40 % 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 2.40 % 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 02/10/2024 to 02/10/2028 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 2.40 % p.a.

Settlement

This bond will be redeemed on 02/10/2028 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


Know-How

In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.

Contact

Do you have any further questions which are not covered in our know-how area? Please ask directly our product specialists via our contact form.




Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Erste Group Bank AG or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites”) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions (the “Interested Party“).

The publication and distribution of information as well as offering and selling of products and services described on the Websites is prohibited by law in some jurisdictions. For this reason, persons in countries in which the publication as well as the offering and selling of products and services described on the Websites are not permitted by law, must not enter the Websites and/or acquire the products displayed on the Websites.

Neither Erste Group nor any third party shall offer access to the Websites or offer the products to especially, but not limited to citizen/residents of the United States and “U.S. person” (as defined in Regulation S under the US Securities Act 1933 as amended). For this reason, the distribution or redistribution of the information, materials and products into United States or into any other jurisdiction where it is not permitted under the applicable law, as well as to the citizens/residents of these countries shall be prohibited. The securities displayed on the Websites have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. For this reason the securities may, inter alia, not be offered, sold or delivered within the United States or, for the account and benefit of U.S. persons.

The Interested Party is solely responsible to examine, whether he may enter the Websites under the law applicable to it. Erste Group shall not be responsible for the distribution of content of any of the Websites to individuals or entities which provide false information about their right to enter the Websites. For this reason Erste Group shall not be liable for any legal claims or damages which may result from the unauthorized entering or reading of the Websites.

By agreeing to this hereto, the Interested Party confirms that
(i) It has read, understood and accepted this Information and the Disclaimer;
(ii) It informed itself about any possible legal restriction and warrants that it is not restricted or prohibited to enter the Websites according to any law applicable; and
(iii) It does not make available the contents of the Websites to any person who is not qualified by law to enter the Websites.