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Wolf Theiss advises Volksbank Wien AG on its issue of EUR 500,000,000 non-preferred senior eligible notes

Volksbank Wien AG successfully completed the issue of EUR 500 million senior non-preferred eligible notes. The notes have a maturity of 5 years and were placed with institutional investors and eligible counterparties with a coupon of 0.875% per annum. The denomination is EUR 100,000 per note. The notes are intended to be eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes and are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange. The signing of the trade took place on 17 March 2021, the closing on 23 March 2021.

Barclays Bank Ireland Plc, Crédit Agricole Corporate and Investment Bank, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG and Raiffeisen Bank International AG were responsible for the placement of the notes as joint lead managers. The banking consortium was advised by Christoph Moser and Angelika Fischer (Schönherr Rechtsanwälte GmbH).

Volksbank Wien AG was advised by partner Alexander Haas, senior associate Nikolaus Dinhof and the associates Sebastian Prakljacic and Dominik Thill (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 this SNP issue of Volksbank Wien, thank them for the trust they have placed in us and congratulate the Volksbank Wien team on this successful trade.”

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