Erste returns to AT1 as markets bounce

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 ...

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