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Schoenherr and Wolf Theiss Advises on Erste Group Bank EUR 1 Billion Mortgage Pfandbriefe Issuance

Schoenherr and Wolf Theiss Advises on Erste Group Bank EUR 1 Billion Mortgage Pfandbriefe Issuance

Austria
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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.”

Schoenherr’s team included Partners Christoph Moser and Ursula Rath, Attorney at Law Angelika Fischer, Associate Daniel Gritsch, and Paralegal Clemens Stockhammer.

The Wolf Theiss team included Partner Claus Schneider, Associate Sebastian Prakljacic, and Legal Trainees Jonathan Gruber and Nicolas List.

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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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