January 14, 2025 09:53 GMT
FINANCIALS: BAWAG - New Issue - €B'mark Green Sr Pref
FINANCIALS
BAWAG - New Issue - €B'mark Green Sr Pref
- IPT: MS+130
- FV: MS+96 - Existing BAWAG NC bond trades in line with ERSTBK curve, which is logical given the similar rating. Pricing off the ERSTBK curve at 6 years, and adding a few bps due to size premium. Of the two ERSTBK green bonds 1 trades wide and 1 tight of the curve, so no green premium.
- Exp. Ratings: A1
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