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Podřízený dluhopis EGB 3,60 %/2023


ISIN:
AT0000A1FR16

Date: 2019/11/14 00:00:00
Bid Ask
103.30 -
Difference -0.09% (-0.09)

General attributes

Type of bondSubordinated bonds
Bond stylesubordinated
Issuer typefinancial institution
Country of issueAT
Current coupon3.600%
Coupon stylefix
Coupon payment date2016/07/24
Coupon payment periodannually
Yield to maturity p.a. (before capital gains tax)2.12
Value date2015/07/24
Maturity2023/07/24
Repayment value100.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest115.00
Investor tolerance3 (scale 1-7)
Last trading day2023/07/14

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The chart is composed of values which are the arithmetic average values of bid / ask (MID) from previous working day. Performances under 12 month have only little informative value. Information about previous performance does not guarantee future performance.
Source: Česká spořitelna, a. s.
Advantages Details you should be aware of

Why buy a subordinated bond?

  • It reflects the quality of the Erste Group Bank as a strong Central European bank, offering concurrently a higher yield compared to classical bond products.
  • Attractive fixed coupon of 3,60 % per year.
  • Regular annual disbursement of coupons.  
  • The prices of bonds are usually given as the percentage of the nominal value. Purchase price means that the client is selling, selling price means that the client is buying.
  • Issue date: 24 July 2015
  • Currency: Czech crown (CZK)
  • Nominal value of a single bond: 10 000 CZK
  • Minimal investment: 1 piece
  • Bond maturity: 8 years
  • Coupon disbursement: annually
  • Fixed coupon: 3,60 % p.a.
  • Maturity date: 24 July 2023
  • Brokerage fee: 100 CZK per instruction regardless of the amount of investment
  • Issuer: Erste Group Bank AG
  • Selling price: as per the current rates of Česká spořitelna

Description

Do you trust the financial strength of the Erste Group Bank and would you like to be part of the success of this renowned Central European financial group? The EGB 3,60%/2023 Subordinated Bond with attractive fixed interest-bearing offers an interesting yield potential.

In the current market environment of low interest rates, the EGB 3,60 %/2023 Subordinated Bond offers an above-standard fixed coupon of 3,60 % per year for the period of 8 years.

What does “Subordinated” mean?
In case of liquidation or insolvency of the issuer, in this case the Erste Group Bank AG, any unsubordinated liabilities (such as mortgage bonds and senior bonds) would be first covered, and only then the funds of investors holding subordinated bonds would be paid out. With a view to this risk, subordinated bonds offer a higher yield as a reward.

Payment notes

  • The fixed interest rate of 3,60 % p.a. shall be applied to the bond.

Settlement

  •  The maturity date of the bond shall be 24 July 2023.
  • The disbursement of the yield as well as the nominal value shall be conducted by Česká spořitelna.
  • The bond purchase as well as sale settlement takes 3 business days.

Secondary market

  • Minimum purchased quantity: 1 piece.
  • Administration fee (for purchase or sale) shall be 100 CZK regardless of the amount of investment
  • The bond may be sold also prior to its maturity date for the price specified by the current exchange rates table.

As of 1 August 2013 with the provision of state aid the principles are enforced as contained in the Communication from the Commission on the application of state aid rules to support measures in favour of banks in the context of the financial crisis (2013/C 216/01). According to these principles prior to the provision of aid for restructuring in any form, whether for the recapitalisation or rescue of impaired bank assets, all measures are to be taken for capital formation, including conversion of subordinated debts into equity. For subordinated debt holders these rules entail that they must contribute to reducing the capital shortfall, so their contributions can take the form of either a conversion of a bond to a share or a full write-down of their principal.


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