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. 

"We congratulate the State of Lower Austria on the successful capital market transaction and extend our thanks for the trust placed in us and the good cooperation" says fwp partner Florian Kranebitter, who was in charge of the transaction together with this team.