PTA-Adhoc: Erste Group Bank AG: decides optional redemption of a series of subordinated notes

Thursday, 26. March 2020 15:55

Public disclosure of inside information according to article 17 MAR

Vienna (pta025/26.03.2020/15:55) - Erste Group Bank AG announces that its management board decided today to exercise the option to early redeem in whole the following subordinated notes

USD 500,000,000 Subordinated Fixed Rate Resettable Notes due 26 May 2025 (ISIN XS1143333109)
(the "Notes").

Name: USD 500,000,000 Subordinated Fixed Rate Resettable Notes due 26 May 2025
ISIN: XS1143333109
Call Redemption Date: 26 May 2020
Call Redemption Amount: 100 per cent together with interest accrued to the Call Redemption Date (excluding)

Erste Group Bank AG will thus early redeem the Notes on the Call Redemption Date 26 May 2020 at the Call Redemption Amount - principal amount together with accrued interest (whether or not declared) for the then ending interest period - in accordance with the applicable terms and conditions of the Notes as well as applicable laws (the "Optional Redemption").

The European Central Bank has approved the Optional Redemption in writing.

The five biggest listed issues of Erste Group Bank AG in terms of issue volume have the following ISINs: XS0580561545, XS0743547183, XS1750974658, XS1346557637, XS1550203183.


emitter: Erste Group Bank AG
address: Am Belvedere 1, 1100 Wien
country: Austria
contact person: Thomas Sommerauer/ Simone Pilz
phone: +43 (0)5 0100 - 17326

ISIN(s): AT0000652011 (share)
stock exchanges: official trade in Vienna
other stock exchanges: Bucharest Stock Exchange, Prague Stock Exchange

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Related Links: Erste Group Bank AG