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1.40 % s Wohnbau bond 2019-2034/05


ISIN:
AT000B116835

Date: 2019/10/21 18:26:20
Bid Ask
104.62 105.72
Difference 0.00% (0.00)

General attributes

Type of bonds Wohnbaubank fixed bonds
Bond stylesenior
Issuer typeS-Wohnbaubank
Country of issueAT
Current coupon1.400%
Coupon stylefix
Coupon payment date2020/03/06
Coupon payment periodsemi annually
Yield to maturity p.a. (before capital gains tax)0.99
Value date2019/02/25
Maturity2034/09/06
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
  • For private investors with unlimited tax liability in Austria interest income of up to 4% is exempt from capital withholding tax.
  • Interest is paid semiannually.
  • The proceeds of this bond are mainly invested in residential housing in Austria.
  • Investors may exchange their s Wohnbau bonds for participation certificates in s Wohnbaubank at a later point in time, should they wish to do so.
  • Change of market interest rates and credit rating of the trustor (Erste Bank der oesterreichischen Sparkassen) or the issuer (s Wohnbaubank) may lead to price fluctuations and capital loss in case of sale before maturity date.
  • The legal basis for special tax treatment may change during the term of the bond.
  • The bond bears a liquidity risk and credit risk of the trustor (Erste Bank der oesterreichischen Sparkassen) and the issuer (s Wohnbaubank).
  • There is no deposit guarantee scheme. Investors are exposed to the risk that the trustor or the issuer 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

The s Wohnbaubank fixed-rate bond pays the interest semiannually. The amount of interest paid is fixed and thus independent of development of the interest rates in the capital markets. The bond is redeemed at maturity at nominal value. As a trustor, Erste Bank der oesterreichischen Sparkassen AG is liable to the issuer (trustee) for the interest payments and the redemption at maturity. 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 1.40 % p.a., interest is paid on 06/03 and 06/09 of each year, the first interest payment is on 06/09/2019.

Settlement

Redemption is on 06/09/2034 at 100 %, if there is no conversion (issuer risk).

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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