Schoenherr has advised Danske Bank, Erste Group, ING, Natixis, and UBS, on Volksbank Wien’s invitation to existing holders of their outstanding EUR 400 million 2.75% fixed to fixed tier 2 notes with an interest rate reset date on October 6, 2022 to tender their notes for purchase by the company for cash. Schoenherr also advised the banks on the successful issuance of EUR 500 million 5.5% Volksbank Wien’s subordinated notes issuance. Wolf Theiss advised Volksbank Wien.
According to Schoenherr, “the notes have a term of 11 years and three months, an interest rate change date on December 4, 2030, mature in December 2035, and have a denomination of EUR 100,000 and multiples thereof. They are listed on the Official Market of the Vienna Stock Exchange.”
Earlier in 2024, Schoenherr and Wolf Theiss advised on Volksbank Wien's EUR 500 million issuance (as reported by CEE Legal Matters on April 2, 2024) and, in 2023, the same firms also advised on Volksbank Wien's EUR 500 million green note issuance (as reported by CEE Legal Matters on March 22, 2023).
The Schoenherr team included Partner Christoph Moser, Attorney at Law Angelika Fischer, Associate Daniel Gritsch, and Paralegal Clemens Stockhammer.
The Wolf Theiss team included Partner Claus Schneider, Counsels Eva Stadler and Nikolaus Dinhof-Renezeder, Senior Associate Sebastian Prakljacic, and Associate Rainer Holweg.
