Wolf Theiss has advised Erste Group Bank AG on the issue of EUR 500 million Eligible Liabilities Format Notes. Allen & Overy Frankfurt and Rautner Attorneys at Law reportedly advised the consortium of banks.
The deal was signed on April 12, 2019 and closed on April 16, 2019.
According to Wolf Theiss, the Eligible Liabilities Format Notes, rated A by Fitch, A2 by Moody's, and A by Standard & Poor's, have a tenor of five years. The bonds were placed with institutional investors with a coupon of 0.375% per year. The Eligible Liabilities Format Notes will be eligible for the Minimum Requirement for Own Funds and Eligible Liabilities purposes and are listed on the Official Market of the Vienna Stock Exchange.
Wolf Theis's team consisted of Partners Claus Schneider and Niklas Schmidt, Counsel Eva Stadler, and Associate Nikolaus Dinhof.