Q3 2020 Business Update amid Covid-19 slide image

Q3 2020 Business Update amid Covid-19

Assets and liabilities: LT funding - Stable LT funding needs in 2020 Maturity profile of debt 3.6 3.0 2.7 2.4 2.1 3.2 2.7 1.4 1.2 0.9 in EUR bn 0.7 0.6 0.1 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032+ Senior unsec. bonds Senior non-preferred bonds Covered bonds Capital exc Tier 1 Debt CEE • • Beginning of September Erste Group concluded its 2020 funding plan with the issuance of a EUR 500mn 11NC6 T2 at MS+210bp, gathering an orderbook of EUR 2.9bn and pricing through its fair value Only two weeks later Erste Group kicked-off its 2021 pre-funding by issuing a EUR 500mn 5y senior preferred note at MS+52bp, attracting EUR 2.7bn orders good at re-offer - again with a negative new issue concession 2021 funding volume is expected to be comparable to this year's figures with a clear focus on senior preferred . TLTRO outstanding as of 30 Sept 2020: EUR 14bn ERSTEŚ Group Page 45
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