Erste returns to AT1 as markets bounce

Notes_Coins_Adobe_230x150
By Frank Jackman
16 Nov 2020

Erste Group Bank launched its second additional tier one (AT1) of the year on Monday, taking advantage of a surge in risk appetite in the run up to the Christmas break.

Erste kicked off the week's AT1 supply by opening books on a perpetual non-call April 2028 deal through Bank of America, BNP Paribas, Erste, JP Morgan, Goldman Sachs and UBS.

The lead managers started off the pricing with thoughts in the 4.875% area.

The ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial