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 characteristics and lifecycle completion of a bond issued by Erste Group, identified by the ISIN AT0000A14PZ1. The issuer, Erste Group, is a prominent financial services provider headquartered in Austria, operating as one of the largest banking groups in Central and Eastern Europe (CEE) and offering a comprehensive range of banking and financial products to retail, corporate, and public sector clients across several countries including Austria, the Czech Republic, Slovakia, Hungary, Croatia, Serbia, and Romania, reinforcing its significant role in the regional financial landscape. This particular fixed-income instrument, denominated in Euros and issued from Austria, carried a fixed annual interest rate (coupon) of 3% and had a total issuance size of EUR 1,000,000, with a minimum purchase lot set at EUR 1,000. Interest payments were structured quarterly, providing a frequency of four times per year. The bond was observed to trade at 100% of its par value leading up to its definitive maturity date of January 30, 2022, at which point it successfully reached maturity and the principal amount was duly repaid to its holders, signifying a complete and orderly redemption process for this obligation.
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AT0000A14PZ1 ( in EUR )
