Hengeler Mueller advises BAWAG on EUR 300 million AT1 issuance

25. April 2018

The Austrian BAWAG Group AG (BAWAG) has successfully completed the issuance of undated additional tier 1 instruments in the amount of EUR 300 million. The AT1 issuance meets the regulatory requirements for additional tier 1 instruments and is listed on the Luxembourg Stock Exchange. BAWAG is strengthening its regulatory tier 1 capital with this issuance.

Citigroup Global Markets Limited, Morgan Stanley & Co. International plc and UBS Limited acted as Joint Lead Managers on the Transaction.

Hengeler Mueller advised BAWAG on all aspects of the AT1 issuance. The Hengeler Mueller team included partner Alexander Rang (lead) as well as associates Caspar Schmelzer, Pascal Brandt, Thomas Hardaker (all Capital Markets) and Jan Letto Steffen (Bank Regulatory) (all Frankfurt).

Eisenberger & Herzog Rechtsanwalts GmbH acted as Austrian counsel to BAWAG. The Eisenberger & Herzog team was led by partner Josef Schmidt.