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Freshfields and Schoenherr Advise on Uniqa Group Bond Issuance

Freshfields and Schoenherr Advise on Uniqa Group Bond Issuance

Austria
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Freshfields Bruckhaus Deringer has advised an international banking consortium consisting of HSBC Bank plc, JP Morgan Securities plc, and Raiffeisen Bank International AG on Uniqua Insurance Group AG's successful issuance of two bonds with a total volume of EUR 800 million. Schoenherr advised Uniqua on the deal.

A bond of EUR 600 million was placed with institutional investors, which is used to finance the acquisition of AXA Group companies in Poland, Slovakia, and the Czech Republic, and which is guaranteed by UniquaOsterreich Versicherung AG. The bond has a term of ten years, and the interest rate is 1.375 percent.

In addition, a regulatory subordinated instrument with a volume of EUR 200 million with a term of fifteen years and an initial interest rate of 3.25 percent was also launched.

Both bonds are subject to German law and are listed for official trading on the Vienna Stock Exchange.

Freshfields' team included Partners Stephan Pachinger and Christoph Gleske, Principal Associates Birgit Schulz and Christian Jolinger, and Associate Jasmin Julia Denk.

Schoenherr's team was led by Partner Ursula Rath and consisted of Partner Peter Feyl, Attorney at Law Marco Thorbauer, and Associate Viktoria Stark.