Wolf Theiss advises a banking consortium on the placement of a senior sustainability bond of VIENNA INSURANCE GROUP AG – Wiener Versicherung Gruppe

Wolf Theiss advised BNP Paribas, Erste Group Bank AG, HSBC Continental Europe and UniCredit Bank AG as banking consortium on the placement of Senior Sustainability Notes of the VIENNA INSURANCE GROUP AG – Wiener Versicherung Gruppe (“VIG”) with a volume of EUR 500 million and a tenor of 15 years. The denomination is EUR 100,000 per note and the coupon 1.000% per annum. BNP Paribas, Erste Group Bank AG and HSBC Continental Europe were supported in the notes’ placement by UniCredit Bank AG as co-lead manager. The issue price was set at 99.282% of the nominal amount. VIG’s Senior Sustainability Notes are listed on the Official Market of the Vienna Stock Exchange. The signing of the trade took place on 23 March 2021, the closing on 26 March 2021.

VIG was advised by Stefan Weber and Philipp Baubin (Weber Rechtsanwälte GmbH & Co KG).

The banking consortium led by Erste Group Bank AG relied on the Debt Capital Market (DCM) experts of Wolf Theiss, led by partner Alexander Haas, who was supported by associate Sebastian Prakljacic. Partner Alexander Haas on the successful transaction: “We are very pleased to have been able to provide legal advice to the banking consortium on this deal and thank them for their trust. We congratulate all involved parties on the issuance of these Senior Sustainability Notes and thank all involved parties for the pleasant cooperation.”