WBAG:EBSBanks
Did Erste Group Bank's €750m Tier 2 Issue Just Shift Its (WBAG:EBS) Investment Narrative?
Erste Group Bank AG recently completed a €750,000,000 fixed to floating rate subordinated Tier 2 bond issuance, maturing in April 2036 and issued at 100% of face value with callable, subordinated and variable-rate features.
This successful Tier 2 transaction adds loss-absorbing capital and funding flexibility, which can be important for regulatory resilience and future balance sheet management.
Next, we examine how this €750,000,000 subordinated Tier 2 issue may influence Erste Group Bank’s...