Vienna (pta023/26.11.2019/11:50) - On 18 November 2019, Erste Group Bank AG ("Erste Group") invited the holders of its EUR 500,000,000 7.125 per cent Fixed Rate Subordinated Notes due 2022 (ISIN: XS0840062979) (the "Notes") to tender any and all of their Notes for purchase by Erste Group for cash (the "Tender Offer").
The Tender Offer expired at 5:00 p.m. (CET) on 25 November 2019.
Erste Group will (subject to the successful completion of the issue of a new series of euro denominated Tier 2 subordinated fixed rate reset notes under its EUR 30,000,000,000 Debt Issuance Programme dated 10 May 2019) accept for purchase EUR 197,935,000 in aggregate principal amount of the Notes.
The settlement is expected to occur on 27 November 2019.
The aggregate outstanding principal amount of the Notes is expected to be reduced by cancelling the Notes, acquired by Erste Group in the Tender Offer, on 27 November 2019 in the amount of EUR 197,935,000. Following the cancellation, the remaining aggregate outstanding principal amount of the Notes will be EUR 302,065,000.
This announcement is mandatory pursuant to Art 17 of the Market Abuse Regulation. It does not constitute financial analysis or advice relating to financial securities. This announcement is neither a recommendation nor an offer, invitation or solicitation to purchase or sell any securities of Erste Group.
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, FRANCE, ITALY, THE UNITED KINGDOM OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT OR TO ANY U.S. PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, FRANCE, ITALY, THE UNITED KINGDOM OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT(end)
|emitter:||Erste Group Bank AG|
Am Belvedere 1
|contact person:||Thomas Sommerauer / Gerald Krames|
|phone:||+43 (0)5 0100 - 17326|
|stock exchanges:||official trade in Vienna|
|other stock exchanges:||Bucharest Stock Exchange, Prague Stock Exchange|