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Wolf Theiss advises Kommunalkredit Austria AG on its issue of EUR 300,000,000 Ordinary Senior Eligible Notes

Kommunalkredit Austria AG successfully closed the issue of Ordinary Senior Eligible Notes in the amount of EUR 300 million. The notes have a maturity of three years and were placed with professional clients and eligible counterparties with a coupon of 0.25 per cent. per annum. The denomination is EUR 100,000 per note. The notes are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange (Wiener Börse). The closing took place on 14 May 2021.

The notes were placed by, inter alia, Erste Group Bank AG, Landesbank Baden-Württemberg and Raiffeisen Bank International AG as joint lead managers and Landesbank Hessen-Thüringen Girozentrale as co-lead manager. The banking consortium was advised by Christoph Moser and Angelika Fischer (Schönherr Rechtsanwälte GmbH).

Kommunalkredit Austria AG was advised by Partner Alexander Haas, Senior Associate Nikolaus Dinhof and Associate Sebastian Prakljacic (all Debt Capital Markets) and on tax aspects by Counsel Eva Stadler (Tax).

Alex Haas on the transaction: “We are very pleased to have been involved in a transaction of Kommunalkredit for the first time, thank them for the trust they have placed in us and congratulate the Kommunalkredit team on this successful trade.

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