Now the clients of Erste Private Banking may obtain subordinated bonds of Erste Group Bank with 10-year maturity.

In the first and second year the investors will receive a fixed yield of 2.75 % p.a. and in the following period they will be paid a variable yield corresponding to the amount to 10-year-EUR-CMS (constant maturity swap), however, at least at the level of 2.40 % p.a. and maximally 5.00 % p.a. Hereby the bond offers the opportunity to participate in the possible future increase of interest rates.

The sale of bonds will take place in the period from 12/01/2017 to 31/01/2017. The issuer of these bonds, Erste Group Bank AG, is the mother company of Slovenská sporiteľňa and is one of the biggest European banks. In Central and Eastern Europe, which is its key market, it serves the highest number of clients and has the second largest volume of assets.

In case of interest in further information, please do not hesitate to contact your private banker.