The notes were successfully issued under Austrian law on 29 September 2021 under Kommunalkredit Austria AG's EUR 800m Debt Issuance Programme and placed with professional clients and eligible counterparties. The notes have a term of seven years, mature in September 2028, and have a denomination of EUR 100,000 each. They are admitted to the Official Market (Amtlicher Handel) of the Vienna Stock Exchange.
The banking consortium comprised DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (Germany), Erste Group Bank AG (Austria), Landesbank Hessen-Thüringen Girozentrale (Germany) and Raiffeisenbank International AG (Austria) acting as the Joint Lead Managers in connection with the placement of the bonds.
"We are pleased that the Joint Lead Managers relied on our legal expertise for the issuance of the covered bank bonds by Kommunalkredit Austria AG. We thank the Joint Lead Managers and the issuer for placing their trust in us. Congratulations to the issuer and all other parties involved in the successful completion of the transaction", said partner and co-head of Schoenherr's capital markets practice Christoph Moser.
The Schoenherr team consisted of Christoph Moser (lead partner), Angelika Fischer (associate) and Hubertus Forsthuber.
Wolf Theiss Rechtsanwälte GmbH & Co KG (lead partner Alexander Haas, Nikolaus Dinhof-Renezeder, Sebastian Prakljacic and Eva Stadler) advised Kommunalkredit Austria AG as issuer's counsel.