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DLA Piper and Wolf Theiss Advise on UBM Development's Green Hybrid Bond Placement

Austria
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DLA Piper has advised UBM Development on the issuance of its first deeply subordinated green hybrid bond, raising EUR 65 million under UBM’s Green Finance Framework. Wolf Theiss advised Raiffeisen Bank International as sole structuring adviser, bookrunner, paying agent, and dealer manager for the buy-back offer.

UBM Development is a European developer of timber construction projects and is listed on the Prime Market of the Vienna Stock Exchange. 

According to DLA Piper, this transaction follows UBM’s November 2024 senior bond of EUR 93 million and involved the repurchase and exchange of 43.6% of the outstanding 2021 hybrid bond, lifting UBM’s total hybrid issuance to EUR 121 million. Listed on the Vienna Stock Exchange, the new bond proceeds will finance timber-based development projects across UBM’s core markets in Austria, the Czech Republic, and Poland.

The DLA Piper team included Partner Christian Temmel and Counsel Christian Knauder-Sima.

The Wolf Theiss team included Partner Claus Schneider, Counsel Eva Stadler, Senior Associate Sebastian Prakljacic, and Associates Rainer Holweg and Magdalena Bertsch.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.