Bond Erste Bank 0% ( AT0000A22GK5 ) in EUR

Issuer	Erste Bank
Market price	100 % ⇌
Country	Austria
ISIN code	AT0000A22GK5 ( in EUR )
Interest rate	0%
Maturity	30/08/2025 - 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. A bond issuance from Erste Group, identified by ISIN AT0000A22GK5, presents a distinct offering in the European debt market. The issuer, Erste Group, is a major Austrian financial institution with extensive operations across Central and Eastern Europe, playing a significant role in the region's banking sector and serving a vast client base. This debt instrument, originating from Austria and denominated in Euros (EUR), is currently trading at its par value, represented by a market price of 100%. A notable feature of this bond is its zero-coupon characteristic, with an interest rate explicitly set at 0%. Consequently, while a payment frequency of 1 is noted, this signifies that periodic interest distributions are not made; instead, the investment's return is realized solely at maturity. The total volume of this issuance is EUR 50,000,000, and it is accessible to investors with a minimum lot purchase size of EUR 1,000. The bond is scheduled to reach its maturity on August 30, 2025, at which point the principal repayment will occur.