Erste Lists 3 Knock-out Certificates In Bucharest May 24

05.20.2011 By Florentina Dragu

Erste Group Bank AG (EBS.RO) will list three knock-out (turbo) certificates on the Bucharest stock exchange May 24, the market operator said in a statement Friday.

Erste will list 50,000 long knock-out certificates for which the underlying is Romanian investment fund Fondul Proprietatea (FP.RO) and one million silver long and silver short certificates.

These are the first silver knock-out products launched by Erste in Bucharest.

All knock-out products mature on September 30.

The Bucharest stock exchange currently trades 29 knock-out products issued by Erste and Raiffeisen Centrobank.