Wolf Theiss has advised Raiffeisen Bank International AG, Erste Bank, and Raiffeisenlandesbank Oberosterreich Aktiengesellschaft on their green bond issuance. The Joint Lead Managers, Credit Agricole Corporate and Investment Bank, DZ BANK AG Deutsche Zentral Genossenschaftsbank, Frankfurt am Main, HSBC Bank plc, ING Bank N.V., and Raiffeisen Bank International AG were advised by White & Case.
Raiffeisen Bank International (RBI) finalized the first benchmark-sized issue of a green bond by an Austrian bank on July 5, 2018. The bond has an aggregate principal amount of EUR 500 million and a maturity of three years. The coupon is mid swap plus 40 basis points. The issue was preceded by an extensive roadshow through Europe.
According to Wolf Theiss, with orders in excess of EUR 1.3 billion, the order book was significantly oversubscribed. “The demand for green investment opportunities is growing continuously,” said Martin Grull, CFO of RBI. “With our Green Bond we can meet this demand and at the same time finance sustainable projects in our home market. The high demand and very positive investor feedback show that we are on a very good path with our sustainability initiatives.”
The Wolf Theiss team was led by Partner Alex Haas, supported by Associates Nikolaus Dinhof and Anna Nowodworska.
The White & Case team consisted of Partner Jochen Artzinger-Bolten and Associates Florian Fraunhofer and Peter Becker.
Editor's Note: On December 5, 2018, Wolf Theiss announced that the deal had closed on December 4, 2018.