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Inflation secured s Wohnbauanleihe 2011-2024/16


ISIN:
AT000B116058

Date: 2019/10/22 08:28:09
Bid Ask
104.22 -
Difference 0.00% (0.00)

General attributes

Type of bonds Wohnbaubank variable bonds
Bond stylesenior
Issuer typeS-Wohnbaubank
Country of issueAT
Current coupon1.500%
Coupon stylefloating
Coupon payment date2020/09/01
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)-
Value date2011/09/01
Maturity2024/09/01
Repayment value100.00
CurrencyEUR
Minimum unit100

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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
  • Your money earns interesting coupons.
  • Interest income of up to 4% is exempt from capital withholding tax.
  • You enjoy a very high degree of safety.
  • You may exchange your s residential bonds for participation certificates in s Wohnbaubank at a later point in time, should you wish to do so.
  • 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 coupon payments of the floating-rate tranches may fluctuate during the term of the bond.
  • The legal basis for special tax treatment may change during the term of the bond.
  • The investor bears the risk of the issuer.

Description

Floating-rate s residential bonds pay their interest usually once a year. The amount of interest paid is based on the development of the interest rates in the capital markets. Most residential bonds use the euro swap rate as referential rate. Interest income from residential convertible bonds of up to 4% is exempt from capital withholding tax.

Conflicts of interest
Erste Group Bank AG or affiliated companies (collectively "Erste Group") are involved in the share capital of s Wohnbaubank AG. Furthermore employees of Erste Group are in the Supervisory Board of s Wohnbaubank AG. The interests of the Erste Group and those of the bondholders may differ. Erste Group may from time to time have business relationships (e.g. investment, consulting and financial transactions) as part of the ordinary course of business, which may have negative effects on the development of the price of this convertible bond of s Wohnbaubank AG. Erste Group Bank AG is an affiliated company to the intermediary Sparkassen and Erste Bank der oesterreichischen Sparkassen AG.

Payment notes

This bond pays a coupon of 3.5 % p.a. fixed from 01.09.2011 to 31.08.2012, from 01.09.2012 to 31.08.2024 you have variable interest depending on the HICP without tobacco.

Settlement

01.09.2024 at 100 %, if there is no conversion

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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