Wolf Theiss advises Bausparkasse Wüstenrot Aktiengesellschaft on its issue of EUR 250,000,000 Senior Preferred Notes

Bausparkasse Wüstenrot Aktiengesellschaft successfully closed the issue of Senior Preferred Notes in the amount of EUR 250 million. The notes have a maturity of five years and were placed with professional clients and eligible counterparties with a coupon of 0.50 per cent. per annum. The denomination is EUR 100,000 per note. The notes are included in the Vienna MTF of the Vienna Stock Exchange (Wiener Börse). The closing took place on 1 June 2021.

The notes were placed by Deutsche Bank Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG and UniCredit Bank AG as joint lead managers. The banking consortium was advised by Christoph Moser and Angelika Fischer (Schönherr Rechtsanwälte GmbH).

Bausparkasse Wüstenrot Aktiengesellschaft was advised by Partner Claus Schneider, Senior Associate Nikolaus Dinhof and Associate Sebastian Prakljacic (all Debt Capital Markets) and on tax aspects by Counsel Eva Stadler (Tax).

Claus Schneider on the transaction: “We are very pleased to have been involved in a syndicated transaction of Bausparkasse Wüstenrot for the first time, thank them for the trust they have placed in us and congratulate the Bausparkasse Wüstenrot team on this successful trade.”