Austria: Schoenherr advises Joint Lead Managers on issue of EUR 500m Green Preferred Senior Notes by VOLKSBANK WIEN AG

Schoenherr advised the Joint Lead Managers, Danske Bank, Erste Group, Landesbank Baden-Württemberg, Raiffeisen Bank International, UBS Investment Bank and UniCredit, on the successful issuance of EUR 500m 3.625 % Fixed-to-Floating Callable Green Preferred Senior Notes by VOLKSBANK WIEN AG.

The notes were successfully issued under Austrian law on 9 September 2025 under VOLKSBANK WIEN's Debt Issuance Programme and placed with professional clients and eligible counterparties. The notes, rated A2 by Moody's, are due in September 2031 and have a denomination of EUR 100,000. They are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange.

VOLKSBANK WIEN intends to use an amount equal to the net proceeds from the issue of the notes, in whole or in part, to finance and/or refinance new or existing eligible green loans in accordance with VOLKSBANK WIEN's Sustainability Bond Framework dated January 2024, which demonstrate a clear environmental benefit.

"We are pleased that the Joint Lead Managers once again relied on our legal expertise for the issuance of EUR 500m Green Preferred Senior Notes by VOLKSBANK WIEN," said attorney at law Angelika Fischer, who led the Schoenherr team together with Christoph Moser. "This transaction highlights our capability in handling significant capital markets transactions and our support for sustainable finance initiatives."

"Congratulations to VOLKSBANK WIEN and all parties involved on the successful placement," added partner and co-head of Schoenherr's capital markets practice Christoph Moser. "This transaction underscores the importance of green financing and the effective collaboration of all participants."

Besides Christoph Moser (lead partner) and Angelika Fischer (attorney at law), the Schoenherr team consisted of Christian Cacic (attorney at law), Daniel Gritsch (associate) and Nikolaus Kresse (associate).

Wolf Theiss Rechtsanwälte GmbH & Co KG (Claus Schneider, Nikolaus Dinhof-Renezeder, Sebastian Prakljacic, Rainer Holweg and Magdalena Bertsch) advised VOLKSBANK WIEN as issuer's counsel.