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

Raiffeisen-Landesbank Steiermark Ag successfully closed the issue of mortgage covered bank bonds in the amount of EUR 500 million. The bonds have a maturity of twenty years and were placed with professional clients and eligible counterparties with a coupon of 0.50 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 27 May 2021.

The bonds were placed by Commerzbank AG, Crédit Agricole Corporate and Investment Bank, Dekabank Deutsche Girozentrale, Landesbank Baden-Württemberg and Raiffeisen Bank International AG as joint lead managers. The banking consortium was advised by Christoph Moser and Angelika Fischer (Schönherr Rechtsanwälte GmbH).

Raiffeisen-Landebank Steiermark AG was advised by Partner Alexander Haas, Senior Associate Nikolaus Dinhof 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 been involved in this transaction of Raiffeisen-Landesbank Steiermark and congratulate the Raiffeisen-Landesbank Steiermark team on this successful trade.”