Erste Group Bank €500 million pfandbriefe issue

14/10/2015
Covered bond issue

€ 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

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