Erste Group achieves impressive demand on non-pref debut

By David Freitas
15 May 2019

Erste Group priced its inaugural non-preferred senior bond on Wednesday, meeting demand of more than more than four times the deal's €500m size.

The Austrian lender chose Erste Group, LBBW, Morgan Stanley, Natixis, Société Générale to act as bookrunners for the deal.

They went out with initial price thoughts of 95bp-100bp area over mid-swaps and a no-grow size of €500m.

Demand for the inaugural seven year ...

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