Wolf Theiss steers €1.4 billion bond deals for Austria’s top banks
Wolf Theiss has played a key role in two major financial deals for Austrian banks. The law firm advised Raiffeisen Bank International (RBI) and Erste Group on bond issuances totalling €1.4 billion. Both transactions closed in January 2026.
On 20 January 2026, RBI issued €650 million in Additional Tier 1 (AT1) notes. These notes carry a maturity date of 15 December 2032. Wolf Theiss also assisted the bank with a tender offer for €500 million in Fixed-to-Reset Rate AT1 notes.
The following day, Erste Group completed a €750 million bond issuance. The subordinated notes, due in 2036, offer an initial coupon of 3.75% per annum. They were listed on the Official Market of the Vienna Stock Exchange. Wolf Theiss had previously advised Raiffeisen Banking Group Upper Austria on financing deals. In 2022, the firm also supported a syndicate of banks, including Erste Group, on a €410 million credit facility for Iulius Group.
The two bond issuances add up to €1.4 billion in fresh capital for the banks. RBI’s AT1 notes and Erste Group’s subordinated bonds will remain active for at least a decade. Both transactions highlight Wolf Theiss’s ongoing role in major financial deals across Central and Eastern Europe.
