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Wolf Theiss and DLA Piper Advise on UBM Development's Exchange Offer and Issuance of EUR 93 Million Green Bond

Austria
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Wolf Theiss has advised joint lead managers and bookrunners Raiffeisen Bank International and M.M.Warburg & Co on the exchange offer of bonds issued by UBM Development in 2019 and 2021 and on the subsequent cash subscription offer of the EUR 93 million 7% green bond 2024-2029. DLA Piper advised UBM Development.

UBM Development is an Austrian real estate developer. 

According to Wolf Theiss, “the green bonds have a maturity of five years and were placed with institutional and retail investors with a coupon of 7% per annum. The green bonds are listed on the Official Market of the Vienna Stock Exchange.”

The Wolf Theiss team included Partner Claus Schneider, Counsels Nikolaus Dinhof-Renezeder and Eva Stadler, Senior Associate Sebastian Prakljacic, and Legal Trainee Negar Hashem.

The DLA Piper team included Partner Christian Temmel and Counsel Christian Knauder-Sima.