VOLKSBANK WIEN AG is an Austrian bank offering a range of financial services including retail banking, corporate banking, and investment services.
An analysis of a notable financial instrument reveals an offering from Volksbank Wien AG, an Austrian cooperative bank and a significant entity within the country's financial landscape, operating as part of the wider Volksbanken Group. The specific instrument under scrutiny is a bond, identified by ISIN code AT000B121991, which stands out due to its perpetual maturity, implying no fixed redemption date for the principal amount. This Euro-denominated bond carries a nominal interest rate of 7.75% and currently trades at 100% of its par value on the market, reflecting a trading at par. The total issue size for this bond is substantial, amounting to 220,000,000 EUR, with a minimum lot size for investment set at 200,000 EUR, typically catering to institutional or high-net-worth investors. Interest payments on this perpetual bond are scheduled semi-annually, indicated by a payment frequency of 2 per year, providing regular income to bondholders without a foreseen principal repayment unless specified conditions for call or conversion are met, characteristics often associated with such deeply subordinated or equity-like instruments from financial institutions.
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Austria
AT000B121991 ( in EUR )
