Bond Erste Bank 10.5% ( AT0000A28F12 ) in EUR

Issuer	Erste Bank
Market price	100 % ⇌
Country	Austria
ISIN code	AT0000A28F12 ( in EUR )
Interest rate	10.5% per year ( payment 1 time a year)
Maturity	05/07/2024 - Bond has expired
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Minimal amount	1 000 EUR
Total amount	800 000 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 AT0000A28F12, which was brought to market by Erste Group, recently reached its maturity date on July 5, 2024, and has since been fully redeemed. Erste Group, a prominent financial institution headquartered in Austria, stands as one of the largest banking groups in Central and Eastern Europe, serving millions of clients across its extensive network and encompassing operations in countries such as Austria, Czech Republic, Slovakia, Hungary, Croatia, Serbia, and Romania, emphasizing its significant regional footprint and role in the European financial landscape. This particular fixed-income instrument, denominated in Euros (EUR), featured a notable annual interest rate of 10.5% with annual payment frequency. The total issuance size for this bond was EUR 800,000, with a minimum purchase increment set at EUR 1,000, making it accessible to a range of investors. Prior to its redemption, the bond was trading at 100% of its par value on the market, reflecting its approaching maturity and the expectation of full principal repayment, with the confirmation of its maturity and subsequent repayment underscoring the predictable nature of bond investments when held to term, providing investors with a return of their principal alongside the stipulated interest payments.