Wolf Theiss advises Erste Group Bank AG on its EUR 750,000,000 Callable Fixed to Floating Rate Green Preferred Senior Notes Issue

Vienna, 14 January 2025 – Wolf Theiss advised Erste Group Bank AG as issuer on the successful issuance of EUR 750,000,000 Fixed to Floating Rate Green Preferred Senior Notes due 2033 (ISIN: AT0000A3HGD0).

Erste Group Bank AG successfully completed the issue of EUR 750 million green preferred senior notes. The notes have a maturity of eight years and were placed with institutional investors and eligible counterparties, offering an initial coupon of 3.25% per annum. They are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange. The transaction closed on 14 January 2025.

Erste Group Bank AG was advised by Wolf Theiss, with the team led by Partner Claus Schneider, supported by Senior Associate Sebastian Prakljacic, Associates Rainer Holweg and Magdalena Bertsch and Legal Trainee Negar Hashemi (all from the Debt Capital Markets team). Counsel Eva Stadler provided advice on tax-related matters.

“We are very pleased that the issue of Erste Group was placed successfully, thank them for the trust they have placed in us and congratulate the Erste Group team on this successful transaction”,

says Claus Schneider, Partner.

The international banking consortium was advised by Linklaters LLP and CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH on Austrian law.