Vienna, 6 November 2024: Under the leadership of partner Florian Kranebitter Fellner Wratzfeld & Partner (fwp) has successfully advised the State of Lower Austria on the issue of a 12-year EUR 500,000,000 sustainable 3.125% bearer bond. The Joint Lead Managers are Deutsche Bank Aktiengesellschaft, HYPO NOE Landesbank für Niederösterreich und Wien AG and Raiffeisen Bank International AG.

The State of Lower Austria concluded the issue of its EUR 500,000,000 sustainable 3.125% bearer bond 2024-2036 (AT0000A3EK38) upon closing on 30 October 2024. The bond was placed by professional clients and eligible counterparties with a coupon of 3.125% p.a. Deutsche Bank Aktiengesellschaft, HYPO NOE Landesbank für Niederösterreich und Wien AG and Raiffeisen Bank International AG were responsible for the placement as Joint Lead Managers.

The bond issue was done for the first time under the new Sustainable Finance Framework of the State of Lower Austria. In preparing the issue the State of Lower Austria was supported by Deutsche Bank Aktiengesellschaft and Raiffeisen Bank International AG as Joint Sustainability Coordinators.

In terms of legal aspects the State once again trusted in the expertise of fwp. The fwp core team was comprised of partner Florian Kranebitter and associate Selina Pichler.

Deutsche Bank AG, HYPO NOE Landesbank für Niederösterreich und Wien AG and Raiffeisen Bank International AG were advised by Wolf Theiss.