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ERSTE Inflation Linked Bond 22-29


ISIN:
AT0000A30FA1

Date: 2023/12/01 09:39:13
Bid Ask
92.10 -
Difference 0.11% (0.10)

General attributes

Type of bondErste Group senior bonds
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon5.264%
Coupon stylefloating
Coupon payment date2024/10/21
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)-0.15%
Value date2022/10/21
Maturity2029/10/21
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
  • Variable coupons depending on the Euro inflation rate (unrevised Harmonised Index of Consumer Prices excluding tobacco), minimum coupon 1.00 % p.a. 
  • Investors receive annual interest payments
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • Redemption of 100% at maturity by Erste Group Bank AG
  • The redemption at 100 % of nominal amount by Erste Group Bank AG 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). A total loss of invested capital is possible.

Description

This bond has a term of 7 years. The interest is variable and equals the unrevised Harmonised Index of Consumer Prices (HICP) excluding tobacco, min. coupon of 1.00 %. The interest is paid annually on the payment date. The redemption is on 21/10/2029 at 100 % of nominal amount.

The HICP measures the development of the prices of goods and services in the Euro area and provides a measure of inflation according to uniform EU rules.  It is calculated monthly by the Statistical Office of the European Communities ("Eurostat"). The coupon amount is calculated as the percentage difference of a) the fixed index value of the HICP for July of the relevant interest period divided by b) the index value for July of the relevant previous year. The minimum coupon is  1.00 % p.a. The current index value can be found on the following website: Statistics | Eurostat (europa.eu)

Payment notes

The interest is variable and equals the annual euro- inflation rate, min. coupon of 1.00 % p.a. The coupon is paid annually on 21/10, starting with 21/10/2023.

Settlement

This bond is redeemed on 03/10/2029 at 100 % of nominal value.

Secondary market

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

Underlying


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