VERBUND’s €100 million Green bonds Offering


White & Case LLP has advised Austria’s leading electricity company, VERBUND AG, on the structuring, documentation and placement of a ‘green’ bond via the fully integrated digital issue platform vc trade.

VERBUND’s €100 million bond is the first transaction of its kind, with a ten year term and a fixed interest rate on the promissory note loan. The transaction was arranged by Helaba Landesbank Hessen-Thueringen, one of the leading arrangers of promissory note loans.

For the first time in the market, a digital platform accompanies all transaction processes centrally, including an algorithm-controlled subscription and allocation mechanism. VERBUND and Helaba Landesbank Hessen-Thueringen, as well as external service providers and advisors, benefit from vc trade’s streamlined process, its consistent and transparent communication chain, shared data and document rooms and integrated interfaces to the processing systems.

The promissory note is certified as ‘green’ by Sustainalytics. The proceeds from the promissory note loan will be used exclusively for the revitalization of the 220 KV St. Peter Hart power grid in Ernsthofen.

Verbund AG provides integrated electric generations, transmission, and distribution services. The company, led by Wolfgang Anzengruber, Johann Sereinig and Peter F Kollmann, in 2017 recorded €2.913 Million Revenues.

The White & Case team which advised on the transaction was led by partner Karsten Wöckener (Picture) and included local partner Carsten Loesing (Hamburg) and associates Peter Becker and Claire-Marie Mallad (both Frankfurt).

Involved fees earner: Karsten Wöckener – White & Case; Claire-Marie Mallad – White & Case; Peter Becker – White & Case; Carsten Lösing – White & Case;

Law Firms: White & Case;

Clients: Verbund AG;