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Podřízený dluhopis EGB Fix-To-Float / 2028


ISIN:
AT0000A21LF7

Date: 2020/07/13 00:00:00
Bid Ask
90.67 97.98
Difference -0.01% (-0.01)

General attributes

Type of bondSubordinated bonds
Bond stylesubordinated
Issuer typefinancial institution
Country of issueAT
Current coupon1.000%
Coupon stylefloating
Coupon payment date2018/12/18
Coupon payment periodsemi annually
Yield to maturity p.a. (before capital gains tax)-
Value date2018/06/18
Maturity2028/06/18
Repayment value100.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest7.78
Investor tolerance5 (scale 1-7)
Last trading day2028/06/09

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Legal note

This product is no longer publicly offered. The product-specific content published here is for information purposes only for those who are already invested and does not constitute marketing communication. Erste Group Bank AG no longer consents to the use of the prospectus for a public offering of this product by third parties.
Scale: ABS REL         Instrument

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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.

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 Podřízený dluhopis EGB Fix-To-Float / 2028 offers an interesting yield potential with a fixed as well as floating interest-bearing.

For its duration this subordinated bond offers its clients two types of yield interest: fixed and floating. In a short-term period of one year duration in the current low-interest environment, it offers an above standard fixed interest of 1.5% p.a. Then in the next nine years until repayment its yield shall be based on the six-month PRIBOR rate while the minimum interest shall be 1% p.a. and the bond will pay out a maximum of 4% p.a.

Podřízený dluhopis EGB Fix-To-Float / 2028 is ideal for anybody who expects an increase of interest rates over a longer period of time.

Payment notes

How the yield is calculated?

  • In the first year the fixed interest rate of 1.5% p.a. shall be applied to the bond.
  • In the following years, a floating interest rate shall be applied to the bond which shall be determined every half a year on the basis of the current six-month PRIBOR interbank interest rate and shall range from the minimum of 1% p.a. to the maximum of 4% p.a.
  • If the six-month PRIBOR is fixed in the range from 1% to 4% including these values, the investor shall receive an interest in the amount corresponding to this specific value.
  • If the six-month PRIBOR is fixed under 1% (e.g. 0.7 the investor shall receive an interest in the amount of 1% p.a.
  • If the six-month PRIBOR is fixed above 4% (e.g. 5.5%), the investor shall receive an interest in the amount of 4% p.a.
  • The interest shall be disbursed on a six-month basis.

Settlement

  • The maturity date of the bond shall be 18 June 2028
  • 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
  • The bond may be sold also prior to its maturity date for the price specified by the current Exchange Rate List 

Underlying


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