Schoenherr has advised Wienerberger on its EUR 350 million issuance of 4.875% sustainability-linked 2023-2028 bonds. Wolf Theiss advised joint lead managers and bookrunners Commerzbank, Danske Bank, Erste Group Bank, and UniCredit Bank.
Wienerberger is a provider of ecological solutions for buildings in the fields of new buildings and renovations, as well as infrastructure in water and energy management. It has been listed on the Vienna Stock Exchange since 1869 and is a pure free-float company with 100% of its shares being publicly traded.
According to Schoenherr, the bond is the first Austrian issuer sustainability-linked bond with a KPI link placed among international institutional investors as well as Austrian retail investors. The coupon is 4.875 % per annum and the term is five years. The coupon for the last year of the term will increase if one or both of the pre-defined step-up events linked to the sustainability targets of Wienerberger AG occur.
The Wolf Theiss team included Partner Claus Schneider, Counsel Nikolaus Dinhof-Renezeder, and Associate Sebastian Prakljacic.