Wolf Theiss advises bank syndicate on Wienerberger’s debut Sustainability-Linked Bonds

Vienna, 05. October 2023 – Wolf Theiss advised Commerzbank Aktiengesellschaft, Danske Bank A/S, Erste Group Bank AG and UniCredit Bank AG as Joint Lead Managers and Bookrunners on the subscription and placement of the inaugural issue of EUR 350,000,000 4.875 per cent Sustainability-Linked  Bonds 2023-2028 by Wienerberger AG (with closing on 4 October), which were placed with institutional and retail investors.

Wienerberger AG, an Austrian producer of bricks, clay roof tiles and piping solutions,successfully closed the issue of Sustainability-Linked Bonds in the aggregate principal amount of EUR 350 million. The Sustainability-Linked Bonds have a maturity of five years and were placed with institutional and retail investors with a coupon of 4.875 per cent per annum. The coupon for the last interest period may increase by a fixed step-up if one or both step-up events occur, which are defined and linked to the sustainability targets of Wienerberger AG. The Sustainability-Linked Bonds are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange (Wiener Börse). The closing took place on 4 October 2023.

The Sustainability-Linked Bonds were placed by Commerzbank Aktiengesellschaft, Danske Bank A/S, Erste Group Bank AG and UniCredit Bank AG 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 Counsel Nikolaus Dinhof-Renezeder and Associate Sebastian Prakljacic (all Debt Capital Markets).

Wienerberger AG was advised on the transaction by Christoph Moser and Angelika Fischer of Schönherr Rechtsanwälte.