Erste Group Bank €1 billion pfandbrief issue

17/1/2018
Covered bond issue

€ 1 billion

$ 1.243 billion

Completed

17/1/2018


Overview:

  • Austrian lender Erste Group Bank issued a €1 billion pfandbrief - a German law governed covered bond.
  • The notes, which are collateralised by mortgages, have a coupon of 0.75% and mature in 2028. 
  • The bond is listed on Vienna's stock exchange.
  • Landesbank Baden-Württemberg, Crédit Agricole Corporate and Investment Bank, Credit Suisse Securities, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, and Erste Group Bank were joint lead managers on the transaction.

Ben Naylor - Regional editor

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