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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
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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.

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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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