Česká spořitelna, a.s.

Czechia EEA Member

We're the bank with the longest tradition on the Czech market. From the beginning, we've always been concerned with teaching people to manage their finances and enabling them to achieve prosperity. We provide our services to individuals, small and medium enterprises, towns and municipalities. We also finance large corporations and provide services in the field of financial markets. Many of our products and services are the leaders on the Czech market. Since the year 2000 we have been a part of the strong Central European player Erste Group.

Pool Program details

Identifier CSHZL2
Country Czechia
Legal framework Czech Covered Bonds
Harmonised transparency template https://www.csas.cz/en/about-us/for-shareholders-and-investors
Pool type Mortgage
Description Cover pool for Mortgage Covered Bonds issuances consisting only from residential mortgage loans with following eligibility criteria:
- loan governed by Czech law
- loan denominated in local currency
- maximum LTV capped at 80%
- mortgage property is residential property
- loan granted to one or more individuals

Bond details

ISIN XS3379780615
Other identifier
Face value (EUR) 500,000,000
Initial Issuance Date 19/05/2026
Maturity Date 19/05/2031
EU Label European Covered Bond (Premium)
Maturity profile SB
Tapped No
Coupon Type Fixed
Syndicated Yes
Listed Yes
LCR 1
Description Česká spořitelna, a.s. EUR 500mn 3.224% Mortgage Covered due 2031
Additional Information The Mortgage Covered Bonds are direct, unconditional, unsubordinated and unsecured obligations of the Issuer and rank pari passu among themselves and with all other Czech Mortgage Covered Bonds issued by the Issuer, then outstanding and benefiting from the Cover Pool and with other obligations of the Issuer that have been provided the same priority as such Czech Mortgage Covered Bonds. Although the Mortgage Covered Bonds constitute unsecured obligations of the Issuer, in any insolvency proceedings against the Issuer, a special regime applies in respect of the obligations arising from the outstanding Czech Mortgage Covered Bonds issued by the Issuer. The Mortgage Covered Bonds are European Covered Bond (Premium) complying with requirements of Section 28c(2) Czech Act on Bonds and solely using the Issuer’s CRR Mortgage Loans in order to fulfil the requirements of Section 28a(2) Czech Act on Bonds.