Erste & Steiermarkische Bank dd (ERSTEI)

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Erste & Steiermarkische Bank dd (ERSTEI)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	ERSTEI	Erste & Steiermarkische Bank dd	€400		1	EMEA	Jan 22, 2024

Tranche #1Erste & Steiermarkische Bank dd

currency

EUR

size (m)

400.000

maturity

Jan 31, 2029

type

Variable

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Senior

moody's

s&p

fitch

A-

re-open/tap

ipt

MS+280-290

ipt-pxd

guidance

MS+240-250

spread

220

coupon

4.875%

spread set

price

99.90800

yield

4.901%

book size (m)

2,900

peak book (m)

x-covered

7.25

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

2,900

peak book (m)

x-covered

7.25

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 2900; Redemption: 2028-01-31; Registration: Reg S Only; Comments: EUR400m 5NC4 SP green RegS. A-. Erste(struct/B&D)/BNPP/Citi/SG. Feedback MS+ mid/high 200s, IPTs MS+280/+290, guidance MS+240/+250 for 400m, launch MS+220. Final books 2.9bn+ @reoffer (peak 3bn+). B+264.2bps vs OBL 1.3 27 #186 (@96.608), HR 103%. Reset Date: 2028-01-31. Tax Call: Yes. Regulatory Call: Yes. PP: No. XD: No;

Deal Comments

Green Preferred Bond

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