Commentary & Deal Flow

Oberbank AG (ticker: "OBERBK"), expected to be rated AAA by S&P, has mandated DekaBank, DZ Bank, Erste Group and Helaba as Joint Lead Managers to arrange 1:1 investor calls this afternoon.

An expected €300m WNG, Reg S Bearer, fixed-rate Mortgage Covered Bond (Hypothekenpfandbrief) 8yr € offering will follow, subject to market conditions. The issue will be labelled as European Covered Bond (Premium).

• Manufacturer Target Market (MIFID II product governance): Eligible counterparties and professional clients (all distribution channels). No PRIIPs, no KID will be prepared.
• Comps:
  • Ticker Size Rating Coupon Mat ISpread
  • RFLBST 500 Aaa/-/- 3.250 Aug-31 +18
  • RFVORA 300 Aaa/-/- 3.250 Sep-31 +20
  • ERSTBK 1.000 Aaa/-/- 3.100 May-35 +26
• Investor Relations Homepage:
  • https://www.oberbank.at/investor-relations (Deutsch)
  • https://www.oberbank.com/investor-relations (English)
• Business Reports:
  • https://www.oberbank.at/kennzahlen-berichte (Deutsch)
  • https://www.oberbank.com/figures-and-reports (English)
• Cover Pool: https://www.oberbank.de/documents/d/global/irglobal_bi_att_30062026.pdf
• Prospectus: https://www.oberbank.at/anleihen# (Deutsch)
• Rating:
  • https://www.oberbank.at/ratings-bondinvestoren (German)
  • https://www.oberbank.com/en/figures-and-reports (English)