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Schoenherr Advises Banks on Placement of Raiffeisen-Landesbank Steiermark’s Mortgage Covered Notes

Schoenherr Advises Banks on Placement of Raiffeisen-Landesbank Steiermark’s Mortgage Covered Notes

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The Vienna office of Schoenherr has advised joint lead managers Commerzbank Aktiengesellschaft, Credit Agricole Corporate and Investment Bank, DekaBank Deutsche Girozentrale, Landesbank Baden-Wurttemberg, and Raiffeisenbank International AG, on the placement of EUR 500 million 0.5% mortgage covered notes due 2041 issued by Raiffeisen-Landesbank Steiermark AG. Wolf Theiss reportedly advised the issuer.

According to Schoenherr, “the notes were successfully issued under Austrian law on May 27, 2021 under Raiffeisen-Landesbank Steiermark AG's Notes Programme (Angebotsprogramm fur Schuldverschreibungen) and placed with professional clients and eligible counter-parties.” Furthermore, according to the firm, the notes have a denomination of EUR 100,000 each and have been admitted to trading on the Vienna Stock Exchange.

Schoenherr’s team consisted of Partner Christoph Moser and Associates Angelika Fischer and Hubertus Forsthuber. 

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu