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Market Data Network

7BPS TIGHTER + 1BN EXCESS EUR 7YR BMK FIG A+ FOR ERSTE - COVERED

Post Date: 28 December 2023
Erste Group Bank AG, rated A1/A+/A (stable/stable/stable, Moody's/S&P/Fitch) has mandated BayernLB, Commerzbank, Crédit Agricole CIB, Erste Group, LBBW, TD Securities and UniCredit to act as Joint Bookrunners for a new EUR Benchmark 7yrs fixed-rate Mortgage Covered Bond (Hypothekenpfandbrief) RegS Bearer transaction with a maturity in January 2031. The transaction is labelled European Covered Bond (Premium) and expected to be rated Aaa by Moody’s. The deal will be launched in the near future subject to market conditions.

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