Podřízený dluhopis VAR / 2029

ISIN: AT0000A26Z28  

 
2020/05/26 00:00:00
Bid Ask
88.98 -
Minimum yield -
Difference 0.00%(0.00)
General attributes
Type of bond Subordinated bonds
Bond style subordinated
Issuer type financial institution
Country of issue AT
Current coupon 2.630%
Coupon style floating
Coupon payment date 2019/09/19
Coupon payment period semi annually
Yield to maturity p.a. (before capital gains tax) -
Value date 2019/03/19
Maturity 2029/03/19
Repayment value 100
Currency CZK
Nominal value 10,000
Capital gains tax -
EU withholding tax Yes
Accrued Interest 51.87
since inception


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: Česká spořitelna, a. s.
Advantages Details you should be aware of
- -
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 
 
Disclaimer
In the period before maturity, the bond price can fluctuate above and below the bond face value depending on the development of the interest rate and underlying asset. A bond can ben sold even before the maturity date, for the price pursuant to the pricelist of the issuer. Our consultants will give you detail information on the advantages and risks of investment in bonds. The information sources used are generally regarded as reliable, although Česká spořitelna and Erste Group Bank AG cannot guarantee the correctness and completeness of the information contained therein. The aim of this web page is to give information on the services and products contained therein; it is not a binding proposal establishing any rights and obligations for participants. All information you can find here is of informative nature only. Before using the web page for investment, a specialized Česká spořitelna consultant should be consulted.