15
Fri, Nov
52 New Articles

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

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.