Hypoteční zástavní listy ČS 2,75%/2021
|Type of bond||Mortgage bonds|
|Issuer type||financial institution|
|Country of issue||CZ|
|Coupon payment date||2013/12/13|
|Coupon payment period||annually|
|Yield to maturity p.a. (before capital gains tax)||-0.39|
|Capital gains tax||-|
|EU withholding tax||No|
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|
|Hypoteční zástavní list is a bond which is covered by claims on provided mortgage loans. The payment of yields and the principal in the determined amount and at the determined dates is guaranteed by Česká spořitelna. It is one of the safest forms of investment. At the time when current yields on HZL derived from yields on the bond market are lower than the interest, HZL are sold at a higher price than their nominal value, and vice versa. Therefore the current yield till maturity, calculated on the basis of the current selling price and yields payable in the future, is lower or higher than the determined interest.|
|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.|