Austria: Schoenherr advises the Joint Lead Managers on the issue of EUR 500 million Senior Non-Preferred Eligible Notes by VOLKSBANK WIEN AG

Schoenherr advised the Joint Lead Managers Barclays Bank Ireland Plc, Crédit Agricole Corporate and Investment Bank, DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Erste Group Bank AG and Raiffeisen Bank International AG on the successful issue of EUR 500 million 0.875 % senior non-preferred eligible notes 2021 - 2026 by VOLKSBANK WIEN AG.

The notes eligible for MREL (Minimum Requirement for Own Funds and Eligible Liabilities) purposes were successfully issued under Austrian law on 23 March 2021 under VOLKSBANK WIEN AG's Notes Issuance Programme and placed with institutional investors and eligible counterparties. The notes have a term of 5 years, mature in March 2026, and have a denomination of EUR 100,000 each. They are admitted to the Official Market (Amtlicher Handel) of the Vienna Stock Exchange.

Barclays Bank Ireland Plc (Ireland), Crédit Agricole Corporate and Investment Bank (France), DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (Germany), Erste Group Bank AG (Austria) and Raiffeisen Bank International AG (Austria) acted as Joint Lead Managers for the issue.

"We are pleased that the Joint Lead Managers relied on our legal expertise for the issuance of the senior non-preferred eligible notes. Congratulations to VOLKSBANK WIEN as well as the joint lead managers on the successful placement", says partner and co-head of Schoenherr's capital markets practice Christoph Moser.

The Schoenherr team consisted of Christoph Moser (lead partner), Ursula Rath (partner) and Angelika Fischer (associate).

Wolf Theiss Rechtsanwälte GmbH & Co KG (lead partner Alexander Haas, Nikolaus Dinhof, Sebastian Prakljacic and Dominik Thill) advised VOLKSBANK WIEN as issuer's counsel.