The subordinated bond was offered exclusively to institutional investors for purchase; the interest rate for the first five years was set at 2.75% per annum. The issuer is entitled to a one-time right to terminate the 10-year fix to fix interest-bearing subordinate bond.
Under the leadership of Partner Alexander Haas (DCM), the Wolf Theiss team consisted of Consultant Christine Siegl (Banking & Finance) as well as Partner Niklas Schmidt and Senior Associate Eva Stadler (both Tax).
With 1,238 employees, a balance sheet total of EUR 10.2 billion and 65 locations in Vienna, Burgenland and Lower Austria, VOLKSBANK WIEN AG is the largest of the Austrian Volksbanks (as of 30 June 2017). Beginning in July 2015, it has also been responsible for serving as the central organisation of the Volksbanks in Austria.