Erste plans debut sustainability bond

By Tyler Davies
04 May 2021

Erste Group Bank is lining up its first sustainability bond, as it looks to take advantage of a quiet period for new issuance and a recent back-up in rates.

The Austrian borrower has asked Crédit Agricole, Deutsche Bank, Erste Group, ING and LBBW to run the €500m seven year preferred senior transaction.

The syndicate banks will hold meetings with credit investors on Wednesday and Thursday, during which they will set out the key details of the bond ...

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