Schoenherr has advised the managers of the EUR 750 million 0.01 %. mortgage bond security issuance due 2028 and EUR 750 million 0.50 %. mortgage bond security due 2037 by Erste Group Bank AG. Wolf Theiss advised Erste Group on the deal.
The banking consortium included the joint lead managers Commerzbank Aktiengesellschaft, Credit Agricole Corporate and Investment Bank, Danske Bank A/S, DekaBank Deutsche Girozentrale, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, ING Bank N.V., Landesbank Baden-Wurttemberg, Landesbank Hessen-Thuringen Girozentrale, and UniCredit and co-lead manager Hypo Noe Landesbank fur Niederosterreich und Wien AG.
According to Schoenherr, the notes were “successfully issued under Austrian law on January 12, 2022, under Erste Group's Covered Bonds Program and placed with professional clients and eligible counterparties. The notes have a term of six and a half and fifteen years, respectively, have a denomination of EUR 100,000 each, and are rated Aaa by Moody's. They are admitted to the Official Market of the Vienna Stock Exchange.”
Wolf Theiss' team included Partner Claus Schneider, Counsel Eva Stadler, Senior Associate Nikolaus Dinhof-Renezeder, and Associate Dominik Thill.