Rautner Rechtsanwälte advised an international banking syndicate comprising Crédit Agricole Corporate and Investment Bank, Erste Group Bank AG, HSBC Bank plc and UBS Limited as Joint Lead Managers on the successful issuance of a € 400 million subordinated bond (Tier 2) by Vienna based Volksbank Wien AG (Closing: 6 October 2017).
The bond has a term of 10 years. It has a fixed interest rate of 2.75% p.a., which will automatically be reset after five years, unless the bond is called by the issuer. The bond is governed by Austrian law.
The Rautner team advising the banking syndicate was led by Walter Gapp. LL.M.