Bond Erste Bank 5.7% ( AT0000A22GH1 ) in EUR

Issuer	Erste Bank
Market price	100 % ⇌
Country	Austria
ISIN code	AT0000A22GH1 ( in EUR )
Interest rate	5.7% per year ( payment 1 time a year)
Maturity	30/08/2023 - 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 Austrian-issued bond, identified by ISIN code AT0000A22GH1, has recently completed its lifecycle, reaching its scheduled maturity on August 30, 2023, and subsequently being redeemed in full. This fixed-income instrument, denominated in Euros (EUR), was issued by Erste Group, a prominent financial services provider headquartered in Austria and a significant player in the Central and Eastern European banking sector. Erste Group, established in 1819 as the first Austrian savings bank, has since evolved into one of the largest banking groups in the region, offering a wide array of financial products and services to millions of clients across several countries, encompassing retail, corporate, and investment banking. The bond carried an annual interest rate of 5.7%, with payments made once a year, and represented a total issuance size of EUR 50,000,000. It was accessible to investors with a minimum lot size of EUR 1,000. At its maturity, the bond was redeemed at 100% of its nominal value, confirming the full repayment of principal to its holders as anticipated.