OTP BANKA entered the senior market in 2025 with a very strong 3NC2 senior preferred issue with negative 15 BPS new issue premium

OTP BANKA entered the senior market in 2025 with a very strong 3NC2 senior preferred issue with negative 15 BPS new issue premium

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OTP BANKA entered the senior market in 2025 with a very strong 3NC2 senior preferred issue with negative 15 BPS new issue premium

20 May 2025
OBVESTILA
 
On 13 May 2025, OTP banka successfully completed the sale of EUR 300 million of 3-year bonds with a call option after 2 years. The transaction attracted a great number of investors, with the order book exceeding EUR 2.3 billion. An unchanged volume of investor demand even after revision allowed the issuer to successfully price the deal with a still six times oversubscribed book. 

Bonds with an interest rate of 3.50% p.a. were issued on 20 May 2025. The Bank issued the bonds in order to meet regulatory requirements (MREL) and for general banking purposes.

The bonds, issued under ISIN XS3050686321 and with a rating of Baa2 (Moody's), were offered to professional investors outside of the United States of America and were listed for trading on the Euro MTF of the Luxembourg Stock Exchange.

The bond issuance was organized for OTP banka by BNP Paribas, Erste Group, Goldman Sachs Bank Europe SE, OTP Bank Nyrt and UniCredit Bank AG, acting as joint bookrunners, with professional assistance of Wolf Theiss and Linklaters who acted as legal advisors in the issuance.