Commentary & Deal Flow

Raiffeisenlandesbank Oberoesterreich AG has mandated Danske Bank, DekaBank, Erste Group, Helaba, LBBW and Raiffeisen Bank International to lead manage its forthcoming transaction.

An expected €500m (no grow), fixed-rate Austrian Mortgage Covered Bond (Hypothekenpfandbrief) with a long 5-year (Oct-31) maturity will follow, subject to market conditions. The issue is expected to be rated Aaa (Moody's) and will be labelled as a European Covered Bond (Premium).

Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs KID as not available to retail in the EEA.