Schoenherr advised Joint Lead Managers Danske Bank A/S, DekaBank Deutsche Girozentrale, Erste Group Bank AG, NATIXIS, Raiffeisen Bank International AG and UniCredit Bank AG on the successful issuance of EUR 500m 4.750% Green Ordinary Senior Eligible Notes – due 15 March 2027 – by VOLKSBANK WIEN AG.
The notes eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes were successfully issued under Austrian law on 15 March 2023 under VOLKSBANK WIEN AG's Notes Issuance Programme and placed with institutional investors and eligible counterparties. The notes have a term of four years, mature in March 2027 and have a denomination of EUR 100,000 and multiples thereof. They are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange.
Danske Bank A/S (Denmark), DekaBank Deutsche Girozentrale (Germany), Erste Group Bank AG (Austria), NATIXIS (France), Raiffeisen Bank International AG (Austria) and UniCredit Bank AG (Germany) acted as Joint Lead Managers for the issuance.
"We are pleased that the Joint Lead Managers relied on our legal expertise for the issuance of the Green Ordinary Senior Eligible Notes," said partner and co-head of Schoenherr's capital markets practice Christoph Moser. "Congratulations to VOLKSBANK WIEN and to the Joint Lead Managers on the successful placement."
Besides Christoph Moser (lead partner), the Schoenherr team consisted of Angelika Fischer (attorney at law), Daniel Gritsch (associate) and Clemens Stockhammer.
Wolf Theiss Rechtsanwälte GmbH & Co KG (Claus Schneider, Alexander Haas, Sebastian Prakljacic and Lisa-Marie Meissner) advised VOLKSBANK WIEN as issuer's counsel.