Wolf Theiss has advised Kommunalkredit Austria on its EUR 250 million issuance of 0.01% covered bank bonds. Schoenherr has advised the joint lead managers DZ Bank, Erste Group Bank, Landesbank Hessen-Thuringen Girozentrale, and Raiffeisen Bank International.
The notes were issued under Kommunalkredit's EUR 800 million debt issuance program, will mature in September 2028, and have a denomination of EUR 100,000 per bond. The bonds are listed on the Official Market of the Vienna Stock Exchange.
Kommunalkredit specializes in infrastructure and energy financing and facilitates the construction of infrastructure by balancing the financing needs of project sponsors and developers with investors looking for sustainable investment opportunities.
Schoenherr and Wolf Theiss also advised on Kommunalkredit's previous EUR 300 million note issuance (as reported by CEE Legal Matters on May 21, 2021).
The Schoenherr team consisted of Lead Partner Christoph Moser and Associates Angelika Fischer and Hubertus Forsthuber.
The Wolf Theiss team included Lead Partner Alexander Haas, Counsel Eva Stadler, Senior Associate Nikolaus Dinhof-Renezeder, and Associate Sebastian Prakljacic.