Vienna, 23 April 2019 – Wolf Theiss advised Erste Group Bank AG as issuer on the issue of EUR 500,000,000 Additional Tier 1 Notes and the issue of EUR 500,000,000 Eligible Liabilities Format Notes.
Erste Group Bank AG successfully completed another benchmark issue of Additional Tier 1 Notes amounting to EUR 500 million on 12 March 2019. The Additional Tier 1 Notes, which were rated BBB- by Standard & Poor’s, were issued at an issue price of 100% and placed with institutional investors. Erste Group Bank AG was able to set the first rate of distribution at 5.125% per annum in the course of the pricing. The Additional Tier 1 Notes are listed on the Official Market of the Vienna Stock Exchange.
Erste Group Bank AG as issuer was advised by Partner Claus Schneider and Associate Nikolaus Dinhof (both Banking & Finance, DCM) and in tax aspects by Counsel Eva Stadler and Partner Niklas Schmidt (both Tax).
The two law firms Linklaters (Frankfurt) and Rautner Rechtsanwälte GmbH advised the involved bank consortium.
In addition, the Wolf Theiss DCM team advised Erste Group Bank AG on the first benchmark issue of Eligible Liabilities Format Notes amounting to EUR 500 million. The Eligible Liabilities Format Notes, which were rated A by Fitch, A2 by Moody’s and A by Standard & Poor’s, have a tenor of 5 years and were placed with institutional investors with a coupon of 0.375% per annum. The Eligible Liabilities Format Notes shall be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes and are listed on the Official Market of the Vienna Stock Exchange. The signing took place on 12 April 2019 and the closing on 16 April 2019. Erste Group Bank AG was again advised by Partner Claus Schneider and Associate Nikolaus Dinhof (DCM) as well as Counsel Eva Stadler and Partner Niklas Schmidt (both tax).
The involved bank consortium was advised by the two law firms Allen & Overy (Frankfurt) and Rautner Rechtsanwälte GmbH.
Read the full text in German
Read the full text in English
Wolf Theiss advises Erste Group Bank AG on two benchmark issues
Vienna, 23 April 2019 – Wolf Theiss advised Erste Group Bank AG as issuer on the issue of EUR 500,000,000 Additional Tier 1 Notes and the issue of EUR 500,000,000 Eligible Liabilities Format Notes. Erste Group Bank AG successfully completed another benchmark issue of Additional Tier 1 Notes amounting to EUR 500 million on 12 […]...
Yes, no, maybe – should the crypto space be regulated?
Recently, the ANON blockchain summit took place in Vienna. Niklas Schmidt, head of our firm-wide tax team and cryptocurrency expert, joined a panel on the role of regulation in the crypto space. How should the different types of crypto assets be treated from a regulatory perspective? And how should the fast-moving world of cryptocurrencies and […]...
Wolf Theiss advises VOLKSBANK WIEN AG on the placement of EUR 500 million covered bonds and EUR 220 million additional Tier 1 Notes
Vienna, 11 April 2019 – Wolf Theiss advised VOLKSBANK WIEN AG on the placement of EUR 500 million covered bonds and EUR 220 million Additional Tier 1 Notes. Wolf Theiss advised the issuer in both transactions extensively. EUR 500 million covered bonds On 4 March 2019, VOLKSBANK WIEN AG issued „0.375% VOLKSBANK WIEN EUR 500 […]...
Digitalisierung – Wie sieht die Zukunft der Rechtsbranche aus?
Wie wappnet sich die Rechtsbranche für die Digitalisierung? In Österreich sehen laut einer Umfrage 90 Prozent der Inhouse-Juristen die Digitalisierung als Chance und erhoffen sich davon konkrete Vorteile wie beispielsweise Zeitersparnis oder Qualitätssteigerung. Wolf Theiss hat mit der neuen Collaboration-Plattform “Wolf Theiss Space” im Rahmen eines galaktischen Abends mit Managing Partner Claus Schneider und Gastredner […]...
Wolf Theiss Space – Die Antwort auf die Digitalisierung der Rechtsbranche
Wien, 2. April 2019 – Im Rahmen eines galaktischen Abends hat Wolf Theiss gestern seine neue Collaboration-Plattform Wolf Theiss Space präsentiert. Laut einer Umfrage (*) sehen 90% der Inhouse-Juristen in Österreich die Digitalisierung als Chance, nicht als Bedrohung für die Rechtsabteilung. Mit Wolf Theiss Space steht ihnen nun eine Lösung mit unlimitierten Möglichkeiten für die […]...
Wolf Theiss appoints Ron Given as U.S. representative
Vienna, 28. March 2019 – Effective April 1, 2019, Ron Given will be assuming the newly-created role as the firm’s U.S. Representative. By establishing this prestigious function, Wolf Theiss emphasises the importance of the US market for the firm. Wolf Theiss will not be practicing law outside of its 13 jurisdictions, but making available, at […]...
Wolf Theiss Partner Niklas Schmidt publishes reference book on cryptocurrencies and blockchains
Vienna, 14 March 2019 – Hot off the press! Tax expert Niklas Schmidt wrote a reference book on the technical, economic and legal aspects of cryptocurrencies and blockchains. Containing about 400 FAQs, the book guides readers through a topic which at first sight might seem mystifying. In addition to technical explanations on how the blockchain […]...
Wolf Theiss advises young lawyers on career development
Warsaw, 13 March 2019 – The Wolf Theiss Warsaw team took part in the Law Career Fair at Biblioteka Uniwersytecka w Warszawie on March 12, presenting work and training opportunities for law students as part of the firm’s continuous effort to support the professional development of young lawyers in Poland. During the Fair (Prawnicze Targi […]...
Wolf Theiss acts for Sompo International in M&A warranty insurance transaction
Kyiv, 7 March 2019 – Wolf Theiss advised a major international insurance company, Sompo International, on the M&A warranty and indemnity insurance transaction for the acquisition of the Aladdin shopping and entertainment center. Located in one of the densely populated neighbourhoods of Kyiv, Ukraine, and having a total area of over 16,000 m2, Aladdin was […]...
Wolf Theiss advises companies on IP rights, data protection in PropTech
Warsaw, 4 March 2019 – As the real estate industry benefits from a boom in technological development, companies need to consider the legal aspects of new tools in areas such as intellectual property rights, personal data and consumer protection, experts from international law firm Wolf Theiss said at the PropTech in Real Estate (PropTech na […]...
Wolf Theiss continues to expand its Prague team
Prague, 27 February 2019 – Robert David will join the firm to lead thse Czech banking and finance practice from 1 March 2019. Furthermore, Wolf Theiss has promoted Robert Pelikán to the paaxrtnership from the same date and appointed him as the head of the Czech dispute resolution and competition practices. “Robert David is a […]...
Wolf Theiss advises Kyocera on its acquisition of 100% ownership of Van Aerden Group
Vienna, 21 February 2019 – Wolf Theiss has advised Kyocera on its acquisition of 100% of the shares of Van Aerden Group BV, a European pneumatic tool manufacturing and sales company. Signing took place on 2 February 2019. Wolf Theiss advised Kyocera with respect to all legal aspects of the transaction from an Austrian, Hungarian […]...