Schoenherr has advised joint lead managers Erste Group Bank, Intesa Sanpaolo, Landesbank Baden-Wuerttemberg, Landesbank Hessen-Thueringen Girozentrale, Natixis, and TD Global Finance on Erste Group Bank's EUR 1 billion issuance of 3.125% mortgage Pfandbriefe due October 14, 2027. Wolf Theiss advised Erste.
According to Schoenherr, “the covered bonds were successfully issued under Austrian law on April 14, 2023, under Erste Group Bank's Covered Bonds Program and placed with institutional investors and eligible counterparties. The covered bonds have a term of four years, mature in October 2027, and have a denomination of EUR 100,000 and multiples thereof. They are listed on the Official Market of the Vienna Stock Exchange.”
The Wolf Theiss team included Partner Claus Schneider, Associate Sebastian Prakljacic, and Legal Trainees Jonathan Gruber and Nicolas List.