|Date: 2023/06/02 08:59:30|
|Type of bond||s Wohnbaubank variable bonds|
|Country of issue||AT|
|Coupon payment date||2023/07/31|
|Coupon payment period||quarterly|
|Yield to maturity p.a. (before capital gains tax)||-|
|Advantages||Risks you should be aware of|
|Higher yields due to exemption from capital withholding tax!|
This floating-rate s Wohnbau bond has a term of 10.5 years and pays the interest quarterly. The amount of interest paid is based on the development of the interest rates in the money market (3-month-EURIBOR). At maturity the bond is redeemed at nominal amount. As a trustor, Erste Bank der oesterreichischen Sparkassen AG is liable to the issuer (trustee) for the interest payments and the redemption at maturity.
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.
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.
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.
|The interest is according to the 3-month-EURIBOR, the minimum coupon 2.85 % p.a., the max. coupon 4.50 % p.a.|
Interest is paid quarterly on 31/01, 30/04, 31.07 and 31/10, the first interest payment is on 31/01/2023.
|The bond is redeemed on 30/04/2033 at 100 %, if there is no conversion (issuer risk).|
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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