Wolf Theiss advised Raiffeisen Bank International AG and M.M.Warburg & CO on the subscription and placement of a EUR 50 Mio. Green Bond

Vienna, 11 July 2023 – Wolf Theiss advised Raiffeisen Bank International and M.M.Warburg & CO as Joint Lead Managers and Bookrunners of the inaugural issue of EUR 50,000,000 7 per cent Green Bonds 2023-2027, by UBM Development AG.

UBM Development AG, an Austrian real estate developer,successfully closed the issue of Green Bonds in the aggregate principal amount of EUR 50 million. The Green Bonds have a maturity of four years and were placed with institutional and retail investors with a coupon of 7 per cent per annum. The Green Bonds are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange (Wiener Börse). The closing took place on 10 July 2023.

The Green Bonds were placed by Raiffeisen Bank International AG and M.M.Warburg & CO as Joint Lead Managers and Bookrunners. 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 Associate Sebastian Prakljacic and Legal Trainee Caroline Zeitlberger (all Debt Capital Markets). Counsel Eva Stadler (Tax) advised on tax aspects.

UBM Development AG was advised on the transaction by Christian Temmel and Christian Knauder-Sima of DLA Piper Weiss-Tessbach Rechtsanwälte.

“We are very pleased to have been involved in the inaugural transaction of Green Bonds of UBM, we thank our clients for the trust they have placed in us and congratulate the banking consortium and UBM on this successful trade.”

Claus Schneider, Managing Partner, Wolf Theiss Vienna