Schoenherr advised the Joint Lead Managers Erste Group Bank AG, Landesbank Baden-Württemberg,

Landesbank Hessen-Thüringen Girozentrale, Raiffeisen Bank International AG and UniCredit Bank AG on the successful issuance of a EUR 500m 3.75 % mortgage covered bond (Hypothekenpfandbrief) due 26 June 2026 by Raiffeisen-Landesbank Steiermark AG.

The mortgage covered bonds were successfully issued under Austrian law on 26 June 2023 under Raiffeisen-Landesbank Steiermark AG’s Notes Programme (Angebotsprogramm für Schuldverschreibungen) and placed with professional clients and eligible counterparties. The bonds have a term of three years, mature in June 2026 and have a denomination of EUR 100,000 each. They are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange.

The banking consortium comprised of Erste Group Bank AG (Austria), Landesbank Baden-Württemberg (Germany), Landesbank Hessen-Thüringen Girozentrale (Germany), Raiffeisen Bank International AG (Austria) and UniCredit Bank AG (Germany) acting as Joint Lead Managers in connection with the placement of the bonds.

We are pleased that the Joint Lead Managers relied on our legal expertise also for this second consecutive issuance of  mortgage covered bonds by Raiffeisen-Landesbank Steiermark AG this year,” said partner and co-head of Schoenherr’s capital markets practice Christoph Moser. “Congratulations to the issuer and to the Joint Lead Managers on the successful completion of the transaction.

Besides Christoph Moser (lead partner), the Schoenherr team consisted of Angelika Fischer (attorney at law), Daniel Gritsch (associate) and Clemens Stockhammer.

Wolf Theiss Rechtsanwälte GmbH & Co KG (Claus Schneider, Sebastian Prakljacic, Caroline Zeitlberger and Eva Stadler) advised Raiffeisen-Landesbank Steiermark AG as issuer’s counsel.

27th June 2023

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