Austria: Schoenherr advises Managers on issue of EUR 1bln mortgage covered bonds by Erste Group

The notes (Mortgage Pfandbriefe, Hypothekenpfandbriefe) were successfully issued under Austrian law on 9 April 2026 under Erste Group's Covered Bonds Programme and placed with professional investors and other eligible investors. The notes, rated Aaa by Moody's, are due in April 2031 and have a denomination of EUR 100,000. They are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange.

The banking consortium comprised BMO Capital Markets, CIBC Capital Markets, Danske Bank, Erste Group, HSBC, NATIXIS, UBS Investment Bank and UniCredit acting as the Joint Lead Managers in connection with the placement of the notes, as well as HYPO NOE as Co-Lead Manager.

"We are pleased that the Managers relied on our legal expertise for the issuance of EUR 1bln Mortgage Pfandbriefe by Erste Group," said Counsel Angelika Fischer, who led the Schoenherr team on this transaction. "Congratulations to the issuer and all parties involved on the successful placement."

Besides Angelika Fischer (Counsel), the Schoenherr team consisted of Christoph Moser (Partner), Clemens Stockhammer and Laura Knoblechner.

Wolf Theiss Rechtsanwälte GmbH & Co KG (Claus Schneider, Nikolaus Dinhof-Renezeder, Sebastian Prakljacic and Magdalena Bertsch) advised Erste Group Bank AG as issuer's counsel.