Lower Austria Issues EUR 500 Million Sustainable Bonds
Deal News | Nov 06, 2024 | Wolf Theiss
The Federal State of Lower Austria has successfully completed the issuance of sustainable bonds totaling EUR 500 million, with a maturity period extending from 2024 to 2036. These bonds, carrying a 3.125% coupon rate, were primarily offered to institutional and eligible investors. Wolf Theiss, a prominent law firm, played a central advisory role for the joint lead managers in this transaction, which included Deutsche Bank AG, HYPO NOE Landesbank für Niederösterreich und Wien AG, and Raiffeisen Bank International AG. The expertise from the Wolf Theiss Debt Capital Markets Team guided the process efficiently. The issuance marks a pivotal step towards sustainable finance initiatives by the Lower Austrian government, employing expert counsel from Fellner Wratzfeld & Partner Rechtsanwälte for their side of the transaction.
Sectors
- Debt Capital Markets
- Sustainable Finance
- Public Sector Finance
Geography
- Austria – The transaction involves the Federal State of Lower Austria and Austrian financial institutions, indicating the geographic relevance.
Industry
- Debt Capital Markets – The article discusses the issuance of bonds, which falls under the Debt Capital Markets sector as it involves transactions related to raising debt for financing.
- Sustainable Finance – The issuance of sustainable bonds highlights the focus on sustainable finance, which supports projects with environmental and social benefits.
- Public Sector Finance – The Federal State of Lower Austria, a government entity, is involved in this financial transaction, which pertains to public sector finance.
Financials
- EUR 500,000,000 – The total principal amount of the sustainable bonds issued.
- 3.125% – The annual coupon rate of the bonds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Federal State of Lower Austria | Issuer | Government | The governmental authority that issued the sustainable bonds. |
| Deutsche Bank AG | Joint Lead Manager | Company | A global banking and financial services company acting as a joint lead manager for the bond issuance. |
| HYPO NOE Landesbank für Niederösterreich und Wien AG | Joint Lead Manager | Company | An Austrian bank specializing in public sector and corporate financing, serving as a joint lead manager for the bonds. |
| Raiffeisen Bank International AG | Joint Lead Manager | Company | A prominent Austrian banking group participating as a joint lead manager in the transaction. |
| Wolf Theiss | Legal Advisor | Company | A law firm advising the joint lead managers on the issuance of the sustainable bonds. |
| Fellner Wratzfeld & Partner Rechtsanwälte | Legal Advisor | Company | The legal firm advising the Federal State of Lower Austria. |