Bond Erste Bank 0% ( AT0000A2MJ73 ) in EUR

Issuer	Erste Bank
Market price	88.9 % ▲
Country	Austria
ISIN code	AT0000A2MJ73 ( in EUR )
Interest rate	0%
Maturity	31/01/2031
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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. This financial article details the outstanding zero-coupon bond issued by Erste Group, identified by ISIN AT0000A2MJ73, which currently trades on the market at 87.15% of its nominal value in Euros (EUR) and is set to mature on January 31, 2031. As a zero-coupon obligation, this bond does not provide periodic interest payments; instead, investors purchase the security at a discount to its par value, with the yield realized upon redemption at 100% at maturity, thus presenting a clear capital appreciation profile for holders. The bond's issuance country is Austria, reflecting the primary jurisdiction of its issuer, Erste Group, a prominent financial institution headquartered in Vienna. Erste Group stands as one of the largest banking groups in Central and Eastern Europe (CEE), operating across a significant geographical footprint including Austria, Czech Republic, Slovakia, Hungary, Croatia, Serbia, and Romania; the group provides a comprehensive range of financial services encompassing retail banking, corporate banking, investment banking, and capital market activities, serving millions of clients and maintaining a strong market position through its extensive network and diversified business model.