Wolf Theiss advised on the issue of bonds by the Federal State of Lower Austria

Vienna, 05. October 2023 – Wolf Theiss advised Erste Group Bank AG, HYPO-BANK BURGENLAND Aktiengesellschaft, HYPO NOE Landesbank für Niederösterreich and Wien AG, Raiffeisen Bank International AG and UniCredit Bank AG as Joint Lead Managers of the issue of EUR 500,000,000 3.625 per cent Bearer Bonds 2023-2033 (AT0000A377E6).

The Federal State of Lower Austria (Land Niederösterreich) successfully closed the issue of Bonds in the aggregate principal amount of EUR 500 million. The Bonds have a maturity of ten years and were placed with institutional and eligible counterparties with a coupon of 3.625 per cent per annum. The closing took place on 4 October 2023.

The Bonds were placed by Erste Group Bank AG, HYPO-BANK BURGENLAND Aktiengesellschaft, HYPO NOE Landesbank für Niederösterreich und Wien AG, Raiffeisen Bank International AG and UniCredit Bank AG as Joint Lead Managers. The banking consortium relied on the expertise of the Wolf Theiss Debt Capital Markets Team.

The Wolf Theiss team was led by Partner Claus Schneider and supported by Counsel Nikolaus Dinhof-Renezeder and Associate Sebastian Prakljacic as well as Legal Trainee Magdalena Bertsch (all Debt Capital Markets). Partner Kurt Retter and Counsel Eva Stadler advised on public law and tax aspects respectively.

The Federal State of Lower Austria was advised on the transaction by Florian Kranebitter of Fellner Wratzfeld & Partner Rechtsanwälte.