IFLR1000

Erste Group Bank €500 million pfandbriefe issue

14/10/2015
Covered bond issue
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€ 500 million

Completed

14/10/2015

Overview:

  • Austrian lender Erste Group Bank issued a €550 million fixed-rate pfandbriefe (German law covered bond).
  • The bond, which uses mortgages as collateral, has a coupon of 0.375%, matures in September 2020, and was listed on the second regulated market of the Vienna Stock Exchange.
  • Commerzbank, Barclays, Crédit Agricole, Caixa Bank, Bawag, Hypo Noe, and Vorarlberger Landes und Hypothekenbank.

Ben Naylor - Regional editor

Jurisdictions:

Germany
Austria

Deal type:

Covered bond issue

Practice area:

Capital markets : Debt

Governing law:

Germany

Industry sector:

Banking

Firms:
A&O Shearman

Party: Commerzbank AG (Joint lead manager)

Party: Barclays (Joint lead manager)

Party: Crédit Agricole (Joint lead manager)

Party: Caixabank (Joint lead manager)

Party: BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (Joint lead manager)

Party: Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft (Joint lead manager)

Schoenherr

Party: Commerzbank AG (Joint lead manager)

Party: Barclays (Joint lead manager)

Party: Crédit Agricole (Joint lead manager)

Party: Caixabank (Joint lead manager)

Party: BAWAG PSK Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (Joint lead manager)

Party: HYPO NOE Gruppe Bank (Joint lead manager)

Party: Vorarlberger Landes- und Hypothekenbank Aktiengesellschaft (Joint lead manager)

Wolf Theiss

Party: Erste Group Bank (Issuer)

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