Wolf Theiss Slovenia has advised Slovenia's Sava Re, d.d. reinsurance company on its issuance of a EUR 75 million subordinated bond. Linklaters advised Erste Group Bank AG, which served as sole structuring advisor and sole book-runner.
The corporate bond was admitted to trading on the Luxembourg Stock Exchange's regulated market.
According to Wolf Theiss, “the corporate bond rated BBB+ by Standard & Poor's Global Ratings Europe Limited has a denomination of EUR 100,000 and a coupon of 3.750 % per annum until the first call date. After that, unless previously redeemed, the corporate bond will bear interest at a rate of 4.683% per annum above the 3-months EURIBOR until scheduled maturity in 2039. The Issuer intends to use the net proceeds for general corporate purposes of its group and optimization of its capital structure.”
Wolf Theiss’s Slovenia-based team included Partners Markus Bruckmueller and Klemen Radosavljevic and Senior Associate Tjasa Lahovnik. The firm's team in Vienna included Partner Claus Schneider, Counsel Christine Siegl, and Associates Nikolaus Dinhof and Sebastian Prakljacic.
The Linklaters team included Frankfurt-based Partner Peter Waltz and Managing Associate Konrad Uhink.