Vienna, October 2023. The team headed by fwp Partner Florian Kranebitter has successfully provided the State of Lower Austria with legal support during a bond issue. The fixed-interest bond in the amount of EUR 500 million has a term of 10 years.
The State of Lower Austria once again put its trust in the legal expertise of Fellner Wratzfeld & Partner (fwp) during a EUR 500 million fixed-rate bond issue.
Bearer bonds of a denomination of EUR 100,000 each have a term of 10 years and have been placed with professional clients and suitable counterparties with a coupon of 3.625% per annum.
The Joint Lead Managers were Erste Group Bank AG, HYPO-BANK BURGENLAND Aktiengesellschaft, HYPO NOE Landesbank für Niederösterreich und Wien AG, Raiffeisen Bank International AG and UniCredit Bank AG. The legal advisors of the Joint Lead Managers were Wolf Theiss.