Erste Group Bank €500 million pfandbriefe issue

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