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Erste Group Subordinated Step-Up Coupon Note 2014-2022


Date: 2022/09/29 16:19:47
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100.17 -
Difference -0.01% (-0.01)

General attributes

Type of bondErste Group subordinated bonds
Bond stylesubordinated
Issuer typefinancial institution
Country of issueAT
Current coupon5.000%
Coupon stylestep up
Coupon payment date2022/11/30
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)-
Value date2014/05/30
Repayment value100.00
Minimum unit1,000

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Legal note

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.
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


The bond has a maturity of 8.5 years. The coupon is paid annually. The bond offers a step-up coupon of 2 % p.a. to 5 % p.a. (see table payment notes). The bond is redeemed on 31.01.2022 at 100 % of nominal value, if there is no early redemption due to legal or fiscal changes or due to future loss-sharing obligation for investors. In case of early redemption 100 % of nominal value will be redeemed.

Payment notes

30.05.2014 (incl.) - 30.11.2014 (excl.)  2.00% p.a.
30.11.2014 (incl.) - 30.11.2015 (excl.)  2.00% p.a.
30.11.2015 (incl.) - 30.11.2016 (excl.)  2.50 %p.a.
30.11.2016 (incl.) - 30.11.2017 (excl.)  2.50% p.a.
30.11.2017 (incl.) - 30.11.2018 (excl.)  3.00% p.a.
30.11.2018 (incl.) - 30.11.2019 (excl.)  3.50% p.a.
30.11.2019 (incl.) - 30.11.2020 (excl.)  4.00% p.a.
30.11.2020 (incl.) - 30.11.2021 (excl.)  4.50% p.a.
30.11.2021 (incl.) - 30.11.2022 (excl.)  5.00% p.a.


This bond is redeemed on 31.01.2022 at 100 % of nominal value, if there is no early redemption due to legal or fiscal changes, and if there is no future loss-sharing obligation for investors. In case of early redemption 100 % of nominal value will be redeemed.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.



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