Wolf Theiss advises Raiffeisen-Landesbank Steiermark AG on its issue of a EUR 500,000,000 mortgage covered bond

Vienna, 27 June 2023 – Wolf Theiss advises Raiffeisen-Landesbank Steiermark AG as issuer on its issue of a EUR 500,000,000 3.75 per cent mortgage covered bond due 2026 (AT0000A35Y69).

Raiffeisen-Landesbank Steiermark AG successfully closed the issue of a mortgage covered bond in the amount of EUR 500 million. The bonds have a maturity of three years and were placed with professional clients and eligible counterparties with a coupon of 3.75 per cent per annum. 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 26 June 2023.

The bonds were placed by Erste Group Bank AG, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen Girozentrale, Raiffeisen Bank International AG and UniCredit Bank AG as joint lead managers. The banking consortium was advised by Christoph Moser, Angelika Fischer, Daniel Gritsch and Clemens Stockhammer (Schönherr Rechtsanwälte GmbH).

Raiffeisen-Landebank Steiermark AG was advised by Partner Claus Schneider, Associate Sebastian Prakljacic and Legal Trainee Caroline Zeitlberger (all Debt Capital Markets) and on tax aspects by Counsel Eva Stadler (Tax).

“We are very pleased to have been involved in this transaction of Raiffeisen-Landesbank Steiermark and congratulate the Raiffeisen-Landesbank Steiermark team on this successful trade.”

Claus Schneider, Wolf Theiss Managing Partner