Austria: Schoenherr advises Erste Group on successful issuance of EUR 80m Breiteneder Immobilien Parking bond and exchange offer

The two note tranches, with an aggregate principal amount of EUR 80m, were issued under the EUR 150m Debt Issuance Programme of Breiteneder Immobilien Parking Konzernfinanzierungs GmbH. The bonds (ISIN: AT0000A3USC0) issued under Austrian law bear interest at 4.750 %, mature in 2032, and are irrevocably and unconditionally guaranteed by Breiteneder Immobilien Parking AG. The Breiteneder Immobilien Parking 4.750 % Notes 2026-2032 were successfully placed through the exchange offer as well as during the subsequent tap issue in May and June 2026, targeting professional clients, eligible counterparties and Austrian retail investors. The notes have a denomination of EUR 1,000 each and are listed on the Official Market (Amtlicher Handel) (market segment "corporates prime") of the Vienna Stock Exchange.

"We are pleased that Erste Group relied on our legal expertise for this combined transaction consisting of a debt issuance programme, an exchange offer and a notes issuance," said Partner and Co-Head of Schoenherr's Capital Markets practice Christoph Moser. 

"We congratulate the issuer and the managers on the successful placement," added Counsel Angelika Fischer, who led the transaction together with Christoph Moser.

In addition to Christoph Moser (Partner) and Angelika Fischer (Counsel), the Schoenherr team consisted of Clemens Stockhammer, Laura Knoblechner and Flora Maria Auer.

CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH (lead: Martin Zuffer and Philipp Mark) advised the issuer.