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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.

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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