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Podřízený dluhopis VAR / 2029


ISIN:
AT0000A26Z28

Date: 2020/07/13 00:00:00
Bid Ask
90.92 -
Difference 0.00% (0.00)

General attributes

Type of bondSubordinated bonds
Bond stylesubordinated
Issuer typefinancial institution
Country of issueAT
Current coupon2.630%
Coupon stylefloating
Coupon payment date2019/09/19
Coupon payment periodsemi annually
Yield to maturity p.a. (before capital gains tax)-
Value date2019/03/19
Maturity2029/03/19
Repayment value100.00
CurrencyCZK
Nominal value10,000
Capital gains tax-
Accrued Interest86.94
Investor tolerance5 (scale 1-7)
Last trading day2029/02/09

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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? Then you may be interested in investing in the Podřízený dluhopis EGB VAR / 2029 with a variable coupon.

The Podřízený dluhopis EGB VAR/2029 (Subordinated Bond) in the course of its duration offers the possibility of achieving an interest yield. This is determined on the basis of the current six-month PRIBOR rate to which 0.80% is added. The coupon is paid out twice a year.

Payment notes

How the yield is calculated?

  • The bond has a flexible interest-bearing rate. This is determined every six months based on the current six-month PRIBOR interest rate to which 0.80% is added.
  • Example: if the six-month PRIBOR is fixed at 15 March 2019 at 2.07% then the interest rate for the first interest period will be 2.87% p.a. and the bond will pay out at 19 September 2019 to investors for each held bond a coupon of 146.69 CZK (nominal value of 10,000 CZK x 2.87% rate x length of period 184/360).

Settlement

  • The maturity date of the bond shall be 19 March 2029
  • 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
  • Price for the provision of early redemption: 2% of the transaction volume
  • The bond may be sold also prior to its maturity date for the price specified by the current Exchange Rate List 

Underlying


Know-How

 
In our know-how area you can find all relevant details on the different types of bonds. The tutorial gives you selected information about the functionality of bonds and assists you in making your investment decision. In our glossary we explain the most important keywords and within the FAQ section you can find answers to the most common questions concerning this topic.




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