Hypoteční zástavní listy ČS 2,75%/2021

ISIN: CZ0002002744  

 
2019/12/09 00:00:00
Bid Ask
102.41 103.41
Minimum yield -
Difference -0.00%(-0.01)
General attributes
Type of bond Mortgage bonds
Bond style senior
Issuer type financial institution
Country of issue CZ
Current coupon 2.750%
Coupon style fix
Coupon payment date 2013/12/13
Coupon payment period annually
Yield to maturity p.a. (before capital gains tax) 1.02
Value date 2012/12/13
Maturity 2021/12/13
Repayment value 100
Currency CZK
Nominal value 1
Capital gains tax -
EU withholding tax No
Accrued Interest 0
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
  • 9-year investment horizon
  • guaranteed payment of the nominal value at the maturity date,
  • the bond may be sold at any time before the maturity date; then the yield will be a difference between the price of purchase and the price of sale,
  • the issuer and administrator is Česká spořitelna,
  • The payment charge for the placement of order of the HZL is not charged.
  • the current yield till maturity at the time of sale will apply if the investor holds HZL till maturity
  • with the shortening period till maturity, the price gets closer to the nominal value, therefore a change in the bond price is logical and will not reduce the yield till maturity as quoted at the time of sale
  • the selling price and purchase price of HZL change every day, also due to a change in yields on the bond market, if the investor holds HZL till maturity, price fluctuations will not affect the yield till maturity
  • the prices of bonds are quoted as percentage of the nominal value.
    The “purchase” price means the the client sells, the “sale” price means that the client buys.
  • minimum investment: 10 000 CZK
  • When holding a bond to the maturity, you do not pay any entry or exit fees.
  • Price for the provision of early redemption: 1% of the transaction volume
Description
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.
Payment notes
  • a fixed interest rate of 2,75 % p.a. is applied to the bond
Settlement
  • Coupon: 2,75 % p.a.,
  • The coupon will be paid once a year, back, as at 13/12.
  • The interest yield and nominal value will be paid by Česká spořitelna, a.s.
Secondary market
  • HZL may be sold at any time before the maturity date; then the yield will be a difference between the price of purchase and the price of sale. The bond price also includes the aliquot interest yield. They are sold for the quotation that is known in advance and is published daily in the pricelist of ČS. The price is affected by current yields on the market and the time till the bond maturity. The aliquot interest yield is a part of the nominal yield allocated to a HZL holder for the period from the issue of HZL or payment of the last coupon, HZL purchase in the period between payments of the interest yield (coupon) is also connected with the inclusion of the aliquot interest yield in the selling price.
  • The price is affected by current yields on the market and the time till the bond maturity. The aliquot interest yield is a part of the nominal yield allocated to a HZL holder for the period from the issue of HZL or payment of the last coupon, HZL purchase in the period between payments of the interest yield (coupon) is also connected with the inclusion of the aliquot interest yield in the selling price
 
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.