Rautner Rechtsanwälte recently advised an international bank consortium consisting of Bayerische Landesbank, Danske Bank A/S, Erste Group Bank AG, Landesbank Hessen-Thüringen Girozentrale and NATIXIS as Joint Lead Managers on the issuance of fixed-interest mortgage bonds issued by Erste Group Bank AG (Austria). The transaction was valued at € 750 million and closed on 17 April 2018. The bond issue was privately placed with institutional investors and then listed on the Vienna Stock Exchange.
The bank consortium was advised by Uwe Rautner (Partner) and René Semmelweis (Associate) of Rautner Rechtsanwälte. Allen & Overy’s legal office in Frankfurt, Germany (Partner Christoph Enderstein) advised the bank consortium on questions of German law (the bonds are subject to German law except for their status clause).