Schoenherr has advised the managers involved on the Erste Group Bank’s issuance of EUR 1 billion 3% mortgage Pfandbriefe due 2032. Wolf Theiss advised the Erste Group Bank.
The banking consortium that worked on the issuance included BayernLB, BMO Capital Markets, DekaBank, DZ Bank, Erste Group, Landesbank Baden-Wuerttemberg, and UniCredit as the joint lead managers as well as La Banque Postale as a co-lead manager.
According to Schoenherr, the notes were successfully issued on January 20, 2025, under the Erste Group's covered bonds Program and placed with professional clients and eligible counterparties. “The notes, rated Aaa by Moody's, are due in April 2032 and have a denomination of EUR 100,000. They are listed at the Official Market of the Vienna Stock Exchange.”
The Schoenherr team included Partner Christoph Moser, Attorneys at Law Angelika Fischer and Christian Cacic, and Paralegal Clemens Stockhammer.
The Wolf Theiss team included Partner Claus Schneider, Counsel Eva Stadler, Senior Associate Sebastian Prakljacic, Associates Rainer Holweg and Magdalena Bertsch, and Legal Trainee Negar Hashemi.
