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Wolf Theiss and DLA Piper Advise on UBM Development EUR 50 Million Green Bond Issuance

Wolf Theiss and DLA Piper Advise on UBM Development EUR 50 Million Green Bond Issuance

Austria
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Wolf Theiss has advised joint lead managers and bookrunners Raiffeisen Bank International and MM Warburg on the subscription and placement of UBM Development's EUR 50 million issuance of 7% green bonds. DLA Piper advised the issuer.

The green bonds have a maturity of four years and were placed with institutional and retail investors with a coupon of 7% per annum. The green bonds are listed on the Official Market of the Vienna Stock Exchange.

UBM Development AG is an Austrian real estate developer of timber construction projects. Its strategic focus is on timber construction, green buildings, and smart offices in major CEE cities such as Vienna, Munich, Frankfurt, or Prague.

According to DLA Piper, "an amount equal to the net proceeds is intended to finance and/or refinance, in whole or in part, new or existing eligible projects in accordance with UBM’s Green Finance Framework."

Both Wolf Theiss and DLA Piper had also advised on UBM Development's previous bond issuances (as reported by CEE Legal Matters in November 2018June 2019, and November 2019).

The Wolf Theiss team was led by Partner Claus Schneider and included Counsel Eva Stadler, Associate Sebastian Prakljacic, and Legal Trainee Caroline Zeitlberger.

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

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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Wolf Theiss – Leading Lawyers in CEE/SEE