IFLR1000

Raiffeisen-Landesbank Steiermark €500 million 0.625% covered bond issue

20/1/2016
Investment grade bond/note issue
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€ 500 million

$ 544.6 million

Completed

20/1/2016

Overview:

  • Austrian lender Raiffeisen-Landesbank Steiermark issued a €500 million covered bond. 
  • The triple A rated notes, which were secured by mortgages, have a coupon of 0.625%, mature in January 2023, and are listed in Luxembourg. 
  • Bayerische Landesbank, Commerzbank, Erste Group Bank, Raiffeisen Bank International, and Crédit Agricole were bookrunners the deal. 

Ben Naylor - Regional editor

Jurisdiction:

Austria

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Banking

Firms:
Weber & Co

Party: Bayerische Landesbank (Bookrunner)

Party: Commerzbank AG (Bookrunner)

Party: Erste Group Bank (Bookrunner)

Party: Raiffeisen Bank International (Bookrunner)

Party: Crédit Agricole (Bookrunner)

Lawyer: Stefan Weber

Wolf Theiss

Party: Raiffeisen-Landesbank Steiermark (Issuer)

Lawyer: Alexander Haas

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