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Inflation secured s Wohnbau bond 2013-2025/8


ISIN:
AT000B116249

Date: 2019/10/18 08:34:51
Bid Ask
103.47 -
Difference 0.00% (0.00)

General attributes

Type of bonds Wohnbaubank variable bonds
Bond stylesenior
Issuer typeS-Wohnbaubank
Country of issueAT
Current coupon1.340%
Coupon stylefloating
Coupon payment date2020/09/07
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)-
Value date2013/02/07
Maturity2025/09/07
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 inflation-linked interest payments.
  • Interest income of up to 4% is exempt from capital withholding tax.
  • You enjoy a high degree of safety
  • 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 security bears the risk of issuer and liquiditiy.

Description

The bond has a maturity of 12 years. The coupon is fixed at 3.5 % p.a. until 06.09.2014. Then the coupon is flexible depending on the HICP excl. tobacco. The minimum coupon is 1.0 % p.a.
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 07.02.2013 to 06.09.2014; from 07.09.2014 to 06.09.2025 you have variable interest depending on the HICP without tobacco, the minimum coupon is 1.0 % p.a.

The formula is:
max [(HICP Eurozone (ex tobacco) t-15M / HICP Eurozone (ex tobacco) t-27M) – 1; 1,0 %] p.a.

Settlement

07.09.2025 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. This is not a public offer, but an information for clients, who are currently holding the product.

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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