Raiffeisenbank Austria Launches €300 Million Notes Tender Offer with New Issuance
Deal News | Jun 05, 2025 | CEE Legal Matters
Wolf Theiss has played a pivotal role in advising Raiffeisenbank Austria on a strategic financial maneuver involving a EUR 300 million notes tender offer alongside the issuance of new notes. The initiative entailed inviting holders of the bank's 7.875% notes due in 2027 to participate in a tender offer worth EUR 99.9 million. Concurrently, Raiffeisenbank Austria successfully issued EUR 300 million in new 3.625% ordinary senior eligible notes due 2029, targeting professional clients and eligible counterparties with securities admitted on the Luxembourg Stock Exchange. Linklaters provided counsel to the international banking consortium supporting the offering, emphasizing the global scale and financial sophistication of the transaction. The intricate advisory process was spearheaded by a team from Wolf Theiss, incorporating a blend of partners, senior associates, and associates, potent social commentary on the broader market engagement and financial orchestration required for such sizable transactions.
Sectors
- Investment Banking
- Legal Advisory
Geography
- Austria – Raiffeisenbank Austria, the primary bank involved, operates within Austria.
- Luxembourg – The new securities are admitted to trading on the Luxembourg Stock Exchange.
Industry
- Investment Banking – The article involves Raiffeisenbank Austria's activities related to notes issuance and tender offers which are typical functions within investment banking.
- Legal Advisory – Wolf Theiss's role as an advisor in the tender offer and notes issuance highlights the critical involvement of legal advisory services in financial transactions.
Financials
- EUR 300 million – Total amount of new ordinary senior eligible notes issued.
- EUR 99.9 million – Total value of notes validly tendered in the tender offer.
- 7.875% – Interest rate on the outstanding notes due 2027 involved in the tender offer.
- 3.625% – Interest rate on the newly issued notes due 2029.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Raiffeisenbank Austria | Target and Issuer in both the tender offer and issuance. | Company | A major banking institution in Austria executing a strategic financial maneuver. |
| Wolf Theiss | Legal Advisor | Company | Law firm serving as legal counsel to Raiffeisenbank Austria for the tender offer and notes issuance. |
| Linklaters | Legal Advisor | Company | Advised an international banking consortium involved in the transaction. |
| International Banking Consortium | Participant in the offering | Company | Collaborative entity engaged in supporting the financial transaction. |