Inflation Protection Bond

Inflation Protection Bond

4.75% fixed interest rate in year 1, 0.75% + inflation rate year 2-4 with 100% capital protection at the end of term


The Inflation Protection Bond offers you a fixed interest rate of 4.75% for the 1st year of maturity in November 2024. In the following years 2025, 2026 and 2027, the annual interest rate is composed of 0.75% plus the inflation rate. Redemption after the 4th year is at 100%.

In this video ► we briefly introduce how it works.
For more information, see the product brochure. The 🖋️ subscription runs until November 13, 2023.

Please adjust your cookie settings to allow YouTube videos or start the video here: External link to the video on YouTube

The investment product combined with capital protection:

  • 4.75% Fixed interest rate for the 1st year

  • 0.75% + Inflation rate* annually for the following years

  • 100% Capital protection after 4 years

  • Please note the issuer risk. Further information on the payout profile and risks can be found on the following pages.

Underlying: The HICP excluding euro area tobacco is used for the inflation protection bond.

👩🏻‍🏫 Opportunities

  • Yield: Annual interest payments plus inflation compensation as of the 2nd year of maturity
  • Capital protection: 100% of the nominal amount is repaid at maturity (November 2027)
  • Flexibility: tradability on the secondary market, no management fee

⚠️ Risks

  • Yield limitation: The yield is in any case limited to the amount of the annual interest payments
  • During the term: the price may fall below the issue price or the capital protection level

Issuer risk / Bail-in: Certificates are not covered by the Deposit Protection Scheme. Investors are exposed to the risk that Raiffeisen Bank International AG might be unable to fulfil its payment obligations in respect of the described financial instrument such as in the event of insolvency (issuer risk) or an official directive (Bail-in). A total loss of the capital invested is possible - more information →


Contact 💬 We are your contact persons

Easy to reach and personally on hand to answer any questions. That's what we are at Raiffeisen Certificates, because we attach great importance to being there for you when you need us.

Your Raiffeisen Certificates Team

Key facts:
  • Name: Inflationsschutz-Anleihe
  • ISIN: AT0000A373S5
  • Initial valuation date: Nov 14, 2023
  • Term: 4 years
    (Maturity date: Nov 17, 2027)
  • Listing: Vienna, Stuttgart
This is advertising. This non-binding information does not constitute advice, recommendation or invitation to conclude a transaction. The presentation is of a generic nature, does not take into account the personal circumstances of potential investors and therefore cannot replace individual investor and investment-oriented advice and risk disclosure. This advertisement has not been prepared in compliance with the legal provisions promoting the independence of investment research and is not subject to the ban on trading following the dissemination of investment research. A base prospectus (including any supplements) that complies with the Austrian Capital Market Act and has been approved by the competent authorities (CSSF, FMA) is available on the website of Raiffeisen Bank International AG ( The approval of the base prospectus by the competent authorities is not to be understood as an endorsement by the competent authorities of the financial instruments described herein. We recommend reading the prospectus before making an investment decision. Important additional information on the products described (in particular their opportunities and risks) can be found on the website of Raiffeisen Bank International AG at; in particular, the approved base prospectus (including any supplements) can be found at ( and under "Customer Information and Regulatory Issues" at Regulatory authorities: Austrian Financial Market Authority (FMA), European Central Bank (ECB). Imprint according to Austrian media law: Media owner and producer is Raiffeisen Bank International AG, Am Stadtpark 9, 1030 Vienna/Austria.