Wolf Theiss has advised Raiffeisenlandesbank Oberosterreich Aktiengesellschaft on its June 12, 2018 placement of mortgage-covered bank bonds with a fixed interest rate in the amount of EUR 500 million on the international capital market. Weber Rechtsanwalte advised Joint Lead Managers DekaBank, DZ Bank, Erste Group, Raiffeisen Bank International, and UniCredit.
The mortgage-covered bank bonds, which have a AAA rating by Moody's and a tenor of ten years, were placed with institutional investors. Accordinfg to Wolf Theiss, "the good positioning of Raiffeisenlandesbank Oberosterreich Aktiengesellschaft (RLB OO) on the international financial markets led to a widely diversified order book."
Due to that and due to the covered bank bonds' coverage by cover assets of RLB OO's cover asset pool for mortgage-covered bank bonds and the AAA rating for these covered bank bonds RLB OO was able to set the coupon at 0.875 percent per year in the course of the pricing. The covered bank bonds are listed on the Official Market of the Vienna Stock Exchange and on the Regulated Market of the Luxembourg Stock Exchange.
The Weber Rechtsanwalte team was led by Christoph Moser and included Associates Yvonne Gutsohn and Angelika Fischer.
