Wolf Theiss advises Oberbank AG on its issue of EUR 250.000.000 senior non-preferred notes

Oberbank AG successfully completed the issue of EUR 250 M Senior Non-Preferred notes. The notes have a maturity of 8 years and were placed with institutional investors and eligible counterparties with a coupon of 0.625% per annum. The denomination is EUR 100,000 per note. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes and are listed on the Official Market of the Vienna Stock Exchange. The signing of the trade took place on 21 January 2021, the closing on 26 January 2021.

DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, Landesbank Hessen-Thüringen Girozentrale and Raiffeisen Bank International AG were responsible for the placement of the notes as joint lead managers. The banking consortium was advised by Christoph Moser and Angelika Fischer (Schönherr Rechtsanwälte GmbH).

Oberbank was advised by partner Alexander Haas and the associates Sebastian Prakljacic and Dominik Thill (all 3 Debt Capital Markets) and on tax aspects by counsel Eva Stadler (Tax). Alexander Haas on the transaction: “We are very pleased to have been involved in this SNP issue of Oberbank, thank them for the trust they have placed in us and congratulate the Oberbank team led by Robert Musner and Stefan Haasbauer on this successful trade.”