Commentary & Deal Flow

Raiffeisen-Landesbank Steiermark AG (Ticker: RFLBST), has mandated ABN AMRO, Erste Group, Helaba, LBBW and Raiffeisen Bank International as Joint Bookrunners and CMTA AG as Co-Lead Manager for an upcoming transaction.

An expected €500m (WNG), Reg S Bearer, fixed-rate Mortgage Covered Bond (European Covered Bond (Premium)) offering with a maturity of 5 years (soft bullet) will be launched in the near future, subject to market conditions.

• Expected Rating: Aaa (Moody’s)
• Eligibility: Expected to be ECB eligible, LCR Level 1
• Compliance: ECBC Covered Bond Label compliant
• Target Market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).
• PRIIPs: No PRIIPs KID has been prepared.