First Bawag block since IPO flies after careful wallcross

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By Sam Kerr
24 May 2019

A €335m sale of shares in Austrian bank Bawag was sold on Thursday night, the first equity capital markets transaction in the bank’s stock since its 2017 IPO.

Citi, Goldman Sachs and Morgan Stanley, Bawag’s IPO banks, were bookrunners on the trade. They launched the trade at an initial size of €315m, just after 4.30pm UK time on Thursday.

According to a source close to the deal, the trade was covered in around 40 ...

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