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Wolf Theiss and Linklaters Advise Erste Group Bank on EUR 500 Million Low Risk Bond Issue

Wolf Theiss and Linklaters Advise Erste Group Bank on EUR 500 Million Low Risk Bond Issue

Austria
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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.

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With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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