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DLA Piper Advises UBM on EUR 150 Million Corporate Bond

DLA Piper Advises UBM on EUR 150 Million Corporate Bond

Austria
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DLA Piper has advised UBM Development AG on the placement of a EUR 150 million corporate bond. Raiffeisenbank International and Quirin Privatbank were the joint lead managers and bookrunners in the transaction. 

The term of the bond is five years and was issued with a coupon of 3.25%. According to DLA Piper, "the demand for the bond was so great that an increase from the originally planned volume of EUR 120 million to EUR 150 million was made. Nevertheless, the order book had to be closed early on the day of the issue."

DLA Piper's team was led by Partner Christian Temmel.

DLA Piper did not reply to an inquiry about counsel for the banks.

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