Schoenherr has advised joint lead managers Danske Bank, Erste Group, ING, Natixis, and UBS on Volksbank Wien's EUR 500 million issuance of notes. Wolf Theiss advised Volksbank Wien.
According to Schoenherr, the notes, which constitute Tier 2 instruments, were successfully issued on March 21, 2024, under "Volksbank Wien's Debt Issuance Program and placed with institutional investors and eligible counterparties. The notes have a term of ten years and three months, an interest rate change date on June 21, 2029, mature in June 2034, and have a denomination of EUR 100,000 and multiples thereof. They are listed on the Official Market of the Vienna Stock Exchange."
Back in 2023, both Schoenherr and Wolf Theiss also advised on Volksbank Wien's EUR 500 million green note issuance (as reported by CEE Legal Matters on March 22, 2023).
The Schoenherr team included Partner Christoph Moser, Attorney at Law Angelika Fischer, Associate Daniel Gritsch, and Paralegal Clemens Stockhammer.
The Wolf Theiss team included Partner Claus Schneider, Counsels Nikolaus Dinhof-Renezeder and Eva Stadler, Associates Sebastian Prakljacic and Rainer Holweg, and Legal Trainee Peter Marcher.
