Bond Erste Bank 0% ( AT0000A2UEY6 ) in EUR

Issuer	Erste Bank
Market price	100 % ⇌
Country	Austria
ISIN code	AT0000A2UEY6 ( in EUR )
Interest rate	0%
Maturity	30/12/2026
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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 analysis of the debt capital markets reveals a specific bond issuance, identified by its International Securities Identification Number (ISIN) AT0000A2UEY6, the details of which are central to this financial report. This bond is issued by Erste Group, a leading financial institution deeply entrenched in Central and Eastern Europe; established in 1819 as Austria's first savings bank, Erste Group has since expanded into one of the largest financial services providers across countries including Austria, Czech Republic, Slovakia, Hungary, Croatia, Serbia, and Romania, encompassing comprehensive retail, corporate, and investment banking services, thereby affirming its significant presence and strategic role in the European banking sector. Issued from Austria, the Group's home country, and denominated in Euros (EUR), the bond currently trades at 100% of its nominal value on the market. A notable characteristic of this offering is its stated interest rate of 0%, designating it as a zero-coupon bond, where investors do not receive periodic interest payments but rather typically purchase the bond at a discount and realize their return from the full principal repayment at maturity. The total size of this particular issuance is EUR 50,000,000, structured with a minimum lot size of EUR 1,000, making it accessible to a range of professional investors. The bond is set to mature on December 30, 2026, at which point the principal will be repaid to bondholders, with the "payment frequency" of 1 in this context specifically referring to this singular principal repayment event at maturity, consistent with the nature of a zero-coupon instrument.