CERHA HEMPEL advised VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe (VIG) on the tender offers for its outstanding EUR 214.4 million Subordinated Notes due in March 2046 (ISIN: AT0000A1D5E1) and its EUR 200 million Subordinated Notes due in April 2047 (ISIN: AT0000A1VGA1). The tender offer commenced on 25 March 2025 and was based on the terms and conditions of a tender offer memorandum dated the same day. Tier 2 notes totalling EUR 126 million were validly tendered, all of which were accepted for purchase by VIG. Settlement took place on 7
\nApril 2025.<\/p>\n
In parallel, VIENNA INSURANCE GROUP AG successfully placed Tier 2 notes with a volume of EUR 300 million and a maturity of ten years with institutional investors and eligible counterparties. They carry an initial coupon of 4.625% p.a., are denominated in tranches of EUR 100,000, and are listed on the Official Market of the Vienna Stock Exchange. Signing took place
\non 31 March 2025 and closing on 2 April 2025.<\/p>\n
The banking syndicate was advised by Linklaters LLP as structuring counsel and WOLF THEISS on Austrian law.<\/p>\n
The team at CERHA HEMPEL consisted of partners Volker Glas, Thomas Zivny, senior counsel Christian Aichinger and associate Sophie Schmid.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-53894","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/53894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=53894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}