Wolf Theiss advises on the issue of sustainable bonds by the Federal State of Lower Austria

Vienna, 6 November 2024 – Wolf Theiss advised Deutsche Bank AG, HYPO NOE Landesbank für Niederösterreich and Wien AG and Raiffeisen Bank International AG as Joint Lead Managers of the issue of EUR 500,000,000 Sustainable 3.125 per cent Bearer Bonds 2024-2036 (AT0000A3EK38).

The Federal State of Lower Austria (Land Niederösterreich) successfully closed the issuance of sustainable bonds in the aggregate principal amount of EUR 500 million. The bonds have a maturity of twelve years and were placed with institutional and eligible counterparties with a coupon of 3.125 % per annum. The closing took place on 30 October 2024.

The sustainable bonds were placed by Deutsche Bank AG, HYPO NOE Landesbank für Niederösterreich und Wien AG and Raiffeisen Bank International AG as Joint Lead Managers. 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 Senior Associate Sebastian Prakljacic (all Debt Capital Markets). Partner Kurt Retter and Counsel Eva Stadler advised on the public law and tax aspects respectively.

The Federal State of Lower Austria was advised on the transaction by Fellner Wratzfeld & Partner Rechtsanwälte.