Erste Group Bank: Successful Issuance of EUR 750M Green Notes
Deal News | Jan 14, 2025 | Wolf Theiss
In an impressive financial maneuver, Erste Group Bank AG has successfully issued EUR 750 million in Callable Fixed to Floating Rate Green Preferred Senior Notes, drawing on the expert counsel of Wolf Theiss. This strategic issuance represents Erste Group's commitment to sustainable finance, with the proceeds expected to fund green and environmentally beneficial projects. The issuance not only highlights Erste Group's position in the green finance sector but also underscores Wolf Theiss's reputable advisory role. The issuance is a significant step toward achieving higher environmental standards, aligning with EU regulations concerning sustainable bonds, and attesting to the institution's innovative approach in the financial markets.
Sectors
- Financial Services
- Sustainable Finance
- Legal Advisory
Geography
- Austria – Both Erste Group Bank AG and Wolf Theiss are headquartered in Vienna, Austria, marking this issuance as a significant event within the Austrian financial market.
- European Union – The issuance of Green Bonds is highly relevant to the EU market, which is emphasizing green finance in line with its climate goals and regulations.
Industry
- Financial Services – As a major bank, Erste Group Bank AG operates within the financial services industry, focusing on banking and financing solutions.
- Sustainable Finance – The issuance of green bonds indicates a strong commitment to sustainable finance, a growing sector concerned with environmentally and socially responsible investments.
- Legal Advisory – Wolf Theiss's role as a legal advisor underscores the importance of legal expertise in structuring and executing bond issuances.
Financials
- EUR 750,000,000 – The total value of the Callable Fixed to Floating Rate Green Preferred Senior Notes issued by Erste Group Bank AG.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Erste Group Bank AG | Issuer | Company | A major financial institution in Austria, actively involved in issuing sustainable financial instruments. |
| Wolf Theiss | Legal Advisor | Company | A prominent law firm providing advisory services in the issuance of financial instruments. |