16
Mon, Dec
47 New Articles

Wolf Theiss and Clifford Chance Advise Managers on Hypo Noe Pfandbriefe Benchmark Issue

Wolf Theiss and Clifford Chance Advise Managers on Hypo Noe Pfandbriefe Benchmark Issue

Austria
Typography

Wolf Theiss has advised DekaBank, DZ Bank AG, Erste Group, LBBW, UniCredit Bank, and Hypo Noe as managers on the Hypo Noe's successful EUR 500 million public-sector Pfandbriefe benchmark issue. Clifford Chance advised the banks on German law aspects.

The Public Pfandbriefe, which has  an Aa1 rating from Moody's, is structured with a soft-bullet repayment structure and has a term of seven years. The coupon is 0.01% per annum (mid-swap +8 basis points).

The Wolf Theiss team included Partner Claus Schneider, Counsel Eva Stadler, and Associate Nikolaus Dinhof.

The Clifford Chance team included Partner Sebastian Maerker and Lawyer Erazem Bohinc.

Our Latest Issue