Bonds
The focus is on the coupon
Bonds are interesting if you want to invest your money in the medium or in the long term. The amount of interest payments depends on the term of the bond, the credit rating of the issuer and the current interest rate market situation. Bonds can be included in the securities portfolio for strategic reasons to ensure a balanced investment strategy.
Bonds in subscription
How do bonds work?
Bonds
Advantages
- Regular interest payments (except for zero-coupon bonds)
- Large selection of diverse bonds from different issuers
- Repayment at 100% of the nominal amount at maturity by the issuer
- Investments in EUR and foreign currencies are possible
Risks to be considered
- Price fluctuations possible during the term - premature sale can lead to capital losses
- Investors bear the credit risk of the issuer and guarantor, i.e., the risk of changes in creditworthiness or insolvency
- The security is not covered by any deposit insurance scheme. Investors are exposed to the risk that the issuer and the guarantor may not be able to meet its obligations in the event of insolvency (illiquidity, over-indebtedness) or an official order (bail-in regime). There is a possibility of a total loss of the capital invested
- Exchange rate risk for bonds denominated in foreign currency
Important legal information
This information is a promotional communication and no investment advice.
These financial products are offered to the public in Austria. The legal basis are the Final Terms and the (base) prospectus plus supplements, if any, which are therefore binding exclusively. According to various EU Regulations and the Austrian Capital Markets Act [KMG] a prospectus is required for these products: see the Prospectus Regulation (EU) 2017/1129 and Commission Delegated Regulations (EU) 2019/980 and (EU) 2019/979. The prospectus was prepared by the issuer and approved by the competent authority of the home Member State. However, this does not mean that the authority recommends the specific security. For certain so-called "packaged investment products" within the meaning of the PRIIPs Regulation a key information document ("KID") is also required by law. That document describes the main features of the relevant financial product.
Apart from the described rewards, investing in securities may also involve risks. We are not allowed to offer, sell, resell or deliver this financial product directly or indirectly to natural or legal persons who are domiciled or whose registered office is in a country in which this is prohibited by law. In such a case we are not allowed to offer any product information either. This particularly applies to the USA and "US Persons" as defined in Regulation S under the Securities Act of 1933 as amended.
Please note. You are about to acquire a product that may be difficult to understand. Before you make an investment decision, we recommend that you read the full information on the relevant financial product:
- the (base) prospectus
- the Final Terms
- addenda, if any, and
- the key information document (KID) if any
These documents can be obtained free of charge from here:
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- Regarding bonds of Erste Group Bank AG:
Erste Bank der oesterreichischen Sparkassen AG, Am Belvedere 1, 1100 Vienna
You may also retrieve the documents electronically:
https://www.erstegroup.com/en/about-us/erste-group-issues/prospekte/anleihen or https://www.erstegroup.com/en/about-us/erste-group-issues
- Regarding bonds of Erste Bank Oesterreich:
Erste Bank der oesterreichischen Sparkassen AG, Am Belvedere 1, 1100 Vienna
You may also retrieve the documents electronically: https://erstebank.at/prospekte/drp or https://www.sparkasse.at/erstebank/rechtliche-dokumente/erste-bank-emissionen
- Regarding housing bonds:
s Wohnbaubank AG , Am Belvedere 1, 1100 Vienna
You may also retrieve the documents electronically: https://www.swohnbaubank.at/de/wohnbauanleihen/aktuelle-wohnbauanleihen and key information documents from: https://www.swohnbaubank.at/de/impressum-und-rechtliches/basisinformationsblaetter/isin
- Regarding bonds of Citigroup Global Markets Europe AG:
Citigroup Global Markets Europe AG, New Issues Department, Reuterweg 16, 60323 Frankfurt am Main
You may also retrieve the documents electronically: https://de.citifirst.com/rechtliche-dokumente/
Please also note our client information:
Our analyses and conclusions are of a general nature and do not take into account the personal characteristics of our investors in terms of experience and knowledge, the investment objective, the financial situation, the financial loss-bearing capacity or risk tolerance.
Conflicts of interest:
Erste Group Bank AG is affiliated with Erste Bank and the Austrian savings banks (Sparkassen).
Erste Bank Oesterreich is affiliated with Erste Group Bank AG and the Austrian savings banks (Sparkassen).
Erste Group Bank AG and group companies (together "Erste Group") hold shares in s Wohnbaubank AG. Moreover, employees of Erste Group are members of the management board or supervisory board of s Wohnbaubank AG. The interests of Erste Group and those of bond creditors may differ. Due to its ordinary business activities Erste Group may also maintain business relations that have a negative impact on the performance of convertible bonds of s Wohnbaubank AG that are being offered.
Date: September 2025