Schoenherr has advised joint lead managers Barclays Bank Ireland Plc, Credit Agricole Corporate and Investment Bank, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG, and Raiffeisen Bank International AG on the successful issue of EUR 500 million 0.875 % senior non-preferred eligible notes 2021-2026 by Volksbank Wien AG. Wolf Theiss advised Volksbank Wien on the issuance.
According to Schoenherr, “the notes eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes were successfully issued under Austrian law on March 23, 2021 under Volksbank Wien AG's notes Issuance Program and placed with institutional investors and eligible counterparties. The notes have a term of five years, mature in March 2026, and have a denomination of EUR 100,000 each. They are admitted to the official market of the Vienna Stock Exchange.”
Schoenherr’s team included Partners Christoph Moser and Ursula Rath and Associates Angelika Fischer.
Wolf Theiss’s team included Partner Alexander Haas, Senior Associate Nikolaus Dinhof, and Associates Sebastian Prakljacic and Dominik Thill.