Wolf Theiss and Linklaters Frankfurt have advised Erste Group Bank AG on the issue of EUR 500 million Additional Tier 1 Notes. Rautner Attorneys at Law reportedly advised Joint Lead Managers BAML, Barclays, Erste, Goldmans, and UBS.
On March 12, 2019, Erste Group Bank completed an issue of Additional Tier 1 Notes, which were rated BBB – low risk bonds -– by Standard & Poor’s. The bonds were issued at an issue price of 100% and placed with institutional investors.
According to Wolf Theiss, the Erste Group Bank was able to set the first rate of distribution at 5.125% per year in the course of the pricing. The Additional Tier 1 Notes are listed on the Official Market of the Vienna Stock Exchange.
The Wolf Theiss team consisted of Partners Claus Schneider and Niklas Schmidt, Counsel Eva Stadler, and Associate Nikolaus Dinhof.
The Linklaters team was led by Partner Peter Waltz.