28
Wed, Feb
44 New Articles

Wolf Theiss, Clifford Chance and Freshfields Advise on Raiffeisen Bank Romania's Senior Non-Preferred Sustainability Notes Issue

Wolf Theiss, Clifford Chance and Freshfields Advise on Raiffeisen Bank Romania's Senior Non-Preferred Sustainability Notes Issue

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Wolf Theiss, working with Freshfields Bruckhaus Deringer, has advised Raiffeisen Bank S.A. on its issue of RON 500,850,000 Senior Non-Preferred Eligible Sustainability Notes. Clifford Chance advised the joint lead managers.

Raiffeisen Bank International AG and Raiffeisen Bank S.A. were responsible for the placement of the notes as joint lead managers.

According to the firm, this is the first sustainability RON-denominated bond issue of a Romanian issuer, with a fixed annual coupon of 8.92%. The August 10, 2022 fiver year tenure placement is intended "to finance and/or refinance, in part or in full, new or existing eligible loans providing distinct environmental benefits (eligible green and social loans), with a minimum allocation to social categories of 50% and the difference up to 100% towards green categories, as further described in the Sustainability Bond Framework of Raiffeisen Bank S.A. (Romania)." It added that "the notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes and to be listed on the Luxembourg Stock Exchange and the Bucharest Stock Exchange."

The Wolf Theiss team included Bucharest-based Partner Claudia Chiper and Senior Associate Andreea Tudorache and Vienna-based Partner Alex Haas and Senior Associates Nevena Skocic and Nikolaus Dinhof.

The Freshfields team included Vienna-based Partner Stephan Pachinger, Counsel Christian Joellinger, and Associate Benedikt Graf and Frankfurt-based Partner Christoph Gleske, Principal Associate Birgit Schulz.

The Clifford Chance team included Frankfurt-based Partner Sebastian Maerker, Senior Associate Wolfgang Ettengruber, and Transaction Lawyer Marlen Klepsch.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

Firm's website:

Wolf Theiss – Leading Lawyers in CEE/SEE