28
Tue, Jan
46 New Articles

Schoenherr and Wolf Theiss Advise on Erste Group’s EUR 1 Billion Mortgage Pfandbriefe Issuance

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu