Wolf Theiss advises Volksbank Wien AG on a benchmark size issue of covered bank bonds 2019 – 2029

On 19 November 2019, VOLKSBANK WIEN AG issued „0.125% VOLKSBANK WIEN AG EUR 500,000,000 Covered Bank Bonds 2019-2026″ (ISIN: AT000B122031) as series 2 under its Debt Issuance Programme.

The bonds with a denomination of EUR 100,000, each, are listed on the Official Market of the Vienna Stock Exchange. A bank consortium comprising Commerzbank Aktiengesellschaft, Deutsche Bank Aktiengesellschaft, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, and Landesbank Baden-Württemberg were acting as Joint Lead Managers.

Once again, VOLKSBANK WIEN AG relied on the expertise of the Wolf Theiss DCM Team. Under the lead of Alex Haas who was supported by Nikolaus Dinhof, Sebastian Prakljacic, Dominik Thill, Anna Talos as well as Christina Baier, the Wolf Theiss DCM team provided legal support to the Issuer and handled the transaction.
 
Commenting on this deals, Alex Haas explained: “We are pleased that we were able to provide Volksbank Wien as Issuer with legal guidance in this issuance. We would like to congratulate the Volksbank Wien team to the successful benchmark transaction and thank all parties involved for the smooth execution of the transaction and Volksbank Wien for the confidence in us.”