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
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