Asfinag secures €1.25 billion in new bonds to fund infrastructure growth
Asfinag, Austria’s state-owned motorway operator, has issued two new bonds totalling €1.25 billion. The move marks a significant financial step for the company, with the bonds split into short-term and long-term offerings. The bonds consist of a €750 million issue with a 7-year maturity and a €500 million issue with a 15-year term. The shorter-term bond carries a 0.000% annual coupon, while the longer-term bond offers a 0.100% annual coupon.
A banking consortium underwrote the bonds, led by Barclays Bank, Deutsche Bank, DZ Bank, Morgan Stanley, and Raiffeisen Bank International as joint lead managers. Erste Group and UniCredit Bank Austria also acted as co-lead managers in the transaction. Wolf Theiss provided legal advice to Asfinag throughout the process. The firm’s Debt Capital Markets team—Alexander Haas, Nikolaus Dinhof, and Sebastian Prakljacic—handled the bond structuring. Additional support came from Kurt Retter, Niklas Schmidt, and Eva Stadler in the Administrative and Tax Law teams.
The €1.25 billion bond issuance strengthens Asfinag’s financial position. The funds will support the company’s ongoing infrastructure projects and operational needs. The transaction also reflects continued investor confidence in Austria’s motorway network.
