Wolf Theiss advises Kommunalkredit Austria AG on its issue of EUR 250,000,000 0.01% covered bank bonds

Kommunalkredit Austria AG successfully closed the issue of covered bank bonds in the aggregate principal amount of EUR 250 million. The bonds with a coupon of 0.01 per cent. per annum have a tenor of seven years and were placed with professional clients and eligible counterparties. The denomination is EUR 100,000 per bond. The bonds are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange (Wiener Börse). The closing took place on 29 September 2021.

The bonds were placed by DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, Landesbank Hessen-Thüringen Girozentrale and Raiffeisen Bank International AG as joint lead managers. The banking consortium was advised by Christoph Moser and Angelika Fischer (Schönherr Rechtsanwälte GmbH).
Kommunalkredit Austria AG was advised by Partner Alexander Haas, Senior Associate Nikolaus Dinhof-Renezeder and Associate Sebastian Prakljacic (all Debt Capital Markets) and on tax aspects by Counsel Eva Stadler (Tax).

Alex Haas on the transaction: “We are very pleased to have advised Kommunalkredit on another issue and congratulate the Kommunalkredit team on this successful transaction.”

KOMMUNALKREDIT AUSTRIA AG

Kommunalkredit Austria AG is a specialist for infrastructure and energy financing. Together with its customers as partners, Kommunalkredit Austria AG creates value that continuously improves people’s lives. In doing so, it facilitates the construction and operation of infrastructure facilities by balancing the financing needs of project sponsors and developers with the growing number of investors looking for sustainable investment opportunities.