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Rating: BBAmount: Eu50mMaturity: June 18, 2008Issue price: 100.70Fixed re-offer price: 99.20Coupon: 5.25%Spread at re-offer: 257bp over mid-swapsLaunched: Tuesday June 10Joint books: Erste Bank, RZB Austria

Bookrunners' comments:

Erste Bank - The company has a Eu500m debt programme as part oftheir financing plans for the next few years. It first tapped themarket last year with a Eu50m issue and they have come back to themarket this year as part of a plan to build a small yieldcurve.