Wolf Theiss advised Erste Group Bank AG as bookrunner and lead manager of a Green Bond of the listed S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250) with a volume of EUR 150 million and a maturity of seven years. Erste Group Bank AG was supported in the placement of the bond by Raiffeisen Bank International AG and Volksbank Wien AG as co-lead managers and Allgemeine Sparkasse Oberösterreich Bankaktiengesellschaft and Oberbank AG as co-managers. The Green Bond of S IMMO AG will be listed on the Official Market of the Vienna Stock Exchange in the corporates prime segment.
The transaction was announced on 26 January 2021 and was primarily targeted at Austrian and German retail investors due to a denomination of EUR 500, but the Green Bond was also placed with institutional investors. The coupon was set at 1.750% at the bookbuilding on 26 January 2021.
S IMMO AG was advised by Volker Glas and Christian Aichinger (CERHA HEMPEL Rechtsanwälte GmbH).
Erste Group Bank AG and the other dealers relied on the Debt Capital Market (DCM) experts of Wolf Theiss, led by partner Alexander Haas, who was supported by associate Sebastian Prakljacic. Partner Alexander Haas on the successful transaction: “We are very pleased to have been able to provide legal advice to Erste Group Bank AG on this deal and thank them for their trust. We congratulate Erste Group and S IMMO AG on the issuance of this Green Bond and thank all involved parties for the pleasant cooperation.”
Read the full text