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Erste Group subordinated Capped-Floored Floater 2013-2023


ISIN:
AT000B007950

Date: 2019/11/15 08:33:31
Bid Ask
108.20 110.40
Difference 0.00% (0.00)

General attributes

Type of bondErste Group subordinated bonds
Bond stylesubordinated
Issuer typefinancial institution
Country of issueAT
Current coupon4.125%
Coupon stylefloating
Coupon payment date2020/01/30
Coupon payment periodquarterly
Yield to maturity p.a. (before capital gains tax)-
Value date2013/04/30
Maturity2023/04/30
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 interest according the 3-Month-Euribor, min. 4.125 % p.a., max. 8 % p.a.
  • The coupons are paid quarterly
  • Redemption of 100% at maturity
  • Redemption of 100 % in case of premature redemption by Erste Group Bank AG

  • Between issue date and maturity, price fluctuations are possible, which means that the sale of the bond prior to maturity may result in a loss
  • The variable coupon is capped at 8 % p.a., even the 3-Month-Euribor shows a better performance.
  • The investor bears the risk of the issuer (Erste Group Bank AG).
  • Early redemption by Erste Group Bank AG based on legal changes
  • Legal changes might cause Bail In feature for this bond

Description

The bond has a maturity of 10 years. The coupon is paid according the 3-Month-Euribor, min. 4.125 % p.a. (floor) and max. 8 % p.a. (cap). The redemption is on 30.04.20203 at 100 % if there is no premature redemption caused by legal changes or statutory loss sharing obligation.

Payment notes

The interest is variable according the 3-Month-Euribor minimum 4.125 % p.a. (floor), maximum 8 % p.a. (cap).

 The coupons are paid quarterly, on 30.01., 30.04., 30.07. and 30.10. of each year, the first time on 30.07.2013.

Settlement

This bond is redeemed on 30.04.2023 at 100 %.

Secondary market

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

Legal note

The content on this page is for informational purposes only for existing investors. This product is not offered for subscription and is not a public offering.

Underlying


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