Austria: Schoenherr advises ASFINAG on issuance of EUR 500m Guaranteed Notes

The notes governed by Austrian law have a denomination of EUR 100,000 and were placed with institutional investors. They are admitted to trading on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange, as well as the regulated market of the Luxembourg Stock Exchange, and are rated AA+ by Standard & Poor's and Aa1 by Moody's, placing them at the same level as the Austrian sovereign guaranteeing the issuance.

"It is a privilege to continue our long-standing relationship with ASFINAG and to have guided another landmark benchmark transaction," said Partner Ursula Rath, who led the Schoenherr team on this transaction. "The strong investor appetite and competitive pricing once again underscore the exceptional credit quality of ASFINAG and the Austrian sovereign's guarantee." 

ASFINAG is a federal agency wholly owned by the Republic of Austria, and the toll operator responsible for the operation, planning and financing of Austria's motorways and expressways. 

The Schoenherr team was led by Ursula Rath (Partner) and supported by Nora Gregor (Associate), Hanno Wollmann (Attorney at Law), Marco Thorbauer (Partner) and Nina Zafoschnig (Counsel).

The managers were advised by Linklaters LLP, Frankfurt am Main, as international counsel, and BINDER GRÖSSWANG Rechtsanwälte GmbH on matters of Austrian law.