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ERSTE Sommerfloater 23-28


Date: 2023/10/03 08:54:44
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96.20 -
Difference -0.10% (-0.10)

General attributes

Type of bondErste Group senior bonds
Bond stylesenior
Issuer typefinancial institution
Country of issueAT
Current coupon3.972%
Coupon stylefloating
Coupon payment date2023/12/29
Coupon payment periodquarterly
Yield to maturity p.a. (before capital gains tax)-
Value date2023/06/30
Repayment value100.00
Minimum unit50,000

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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 3-month-EURIBOR, min. 3.00 % p.a. and max. 5.10 % p.a.
  • Coupons are paid on fixed payement days. 
  • Erste Group Bank AG will set quotes for this product during the term, nevertheless, is not obliged to it.
  • Redemption of 100% at maturity through Erste Group Bank AG
  • The variable coupon is capped at 5.10 % p.a. even if the 3-month-EURIBOR shows a better performance.
  • The entitlement for 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.


This bond has a term of 5 years. The interest is variable equals the 3-month-EURIBOR p.a, min. coupon of 3.00 % p.a., max. coupon of 5.10 % p.a. The interest is paid quartlerly and the redemption is on 30/06/2028 at 100 % of nominal amount. The denomination of this bond is 50,000 EUR.

Payment notes

The interest is variable and equals the 3-month-EURIBOR p.a., min. coupon of 3.00 % p.a., max. coupon of 5.10 % p.a.; the coupon is paid quarterly on 30/09, 30/12, 30/03, 30/06 each year,  starting with 30/09/2023.


This bond is redeemed on 30/06/2028 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.



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