Schoenherr has advised the joint lead managers on Raiffeisen-Landesbank Steiermark’s EUR 500 million issuance of mortgage-covered bonds. Wolf Theiss advised the issuer.
The joint lead managers included the Erste Group Bank, Landesbank Baden-Wuerttemberg, Landesbank Hessen-Thueringen Girozentrale, Raiffeisen Bank International, and UniCredit Bank.
According to Schoenherr, the “EUR 500 million 3.75% mortgage-covered bond is due June 26, 2026. The mortgage-covered bonds were successfully issued under Austrian law on June 26, 2023, under Raiffeisen-Landesbank Steiermark AG's notes program and placed with professional clients and eligible counterparties. The bonds have a term of three years, mature in June 2026, and have a denomination of EUR 100,000 each. They are listed on the Official Market of the Vienna Stock Exchange.”
The Wolf Theiss team included Partner Claus Schneider, Counsel Eva Stadler, Associate Sebastian Prakljacic, and Legal Trainee Caroline Zeitlberger.