Bond Erste Bank 0.4% ( AT0000A1PV00 ) in EUR

Issuer	Erste Bank
Market price	100 % ⇌
Country	Austria
ISIN code	AT0000A1PV00 ( in EUR )
Interest rate	0.4% per year ( payment 1 time a year)
Maturity	29/06/2022 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	50 000 000 EUR
Detailed description	Erste Group is a leading financial services provider in Central and Eastern Europe, offering a wide range of banking and financial services to individuals and corporations. An overview of a recently matured debt instrument reveals the successful redemption of a bond issued by Erste Group, a prominent Austrian financial institution. Specifically, the bond, identified by ISIN AT0000A1PV00, reached its maturity date on June 29, 2022, confirming its full repayment to investors at a market price of 100% of its nominal value. This Euro-denominated (EUR) security carried a fixed interest rate of 0.4% and represented a total issuance size of EUR 50,000,000, with a minimum investment lot set at EUR 1,000, featuring annual interest payments. Erste Group, the issuer of this debt, is one of Central and Eastern Europe's largest financial services providers, headquartered in Vienna, Austria, and founded in 1819 as the 'Erste österreichische Spar-Casse'; it has since expanded to serve over 16 million customers across seven countries, offering a comprehensive range of banking services including retail, corporate, investment banking, and asset management, with its origin and primary operations firmly rooted in Austria, the country of issuance for this particular bond. The successful and timely repayment of this bond upon its maturity ensures the fulfillment of the issuer's obligations, providing a clear example of the expected lifecycle of fixed-income instruments from well-established financial entities.