Wolf Theiss advises Raiffeisen Bank International AG and Quirin Privatbank on the issuance of corporate bond of UBM Development AG

Vienna, 20 October 2017 – Wolf Theiss has advised RBI and Quirin Privatbank as Joint Lead Manager and Bookrunner of a EUR 150,000,000 Corporate Bond of UBM Development AG.

UBM Development AG, a European property development company, has successfully placed a new corporate bond on the capital market. The order book was closed within a few hours on the very first day of the subscription period – despite an additional allocation of EUR 150 million – due to the high oversubscription. The new UBM Bond 2017-2022 has a maturity of five years and a coupon rate of 3.25%. The value date was October 11, 2017. Raiffeisen Bank International AG und Quirin Privatbank AG were responsible for the placement of the bond. The two banks relied on the legal advice of the Wolf Theiss Debt Capital Markets Team. The team was led by Alexander Haas (Partner), supported by Matthias Schimka (Counsel).

“This challenging combination of a conversion and a cash offering showcases the possibility for creative solutions on the capital market. We congratulate RBI, Quirin and UBM on this successful transaction” – commented Alexander Haas.