All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Erste tier two trades down in jittery secondary market

Erste Group Bank’s $500m 10 non-call five year tier two bond traded below par on Wednesday as secondary markets continued several days of widening. But bankers said the deal went well despite the poor aftermarket performance — although most said the planned follow-up tranche in euros might have to wait.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree