Asfinag Raises €1.5 Billion in Successful Bond Issue
Asfinag, Austria's state-owned highway toll operator, has successfully issued two new bonds, raising a total of 1.5 billion euros. The bonds, guaranteed by the Republic of Austria, were advised on by prominent law firms Schönherr and Binder Grösswang, with Schönherr leading the transaction.
Schönherr, with a team led by Ursula Rath and Christian Cacic, advised Asfinag on issuing a 1 billion euro 3.125% bond due on January 23, 2036, and a 500 million euro 2.500% bond due on March 25, 2030. Both bonds were guaranteed by the Republic of Austria and were placed with institutional investors. They were admitted to trading on the Vienna and Luxembourg stock exchanges and received high ratings from Standard & Poor's (AA+) and Moody's (Aa1).
In addition to Schönherr, Binder Grösswang also played a role in the transaction, although the specific team members were not mentioned. Both law firms, along with Linklaters, assisted in the total emissions of 1.5 billion euros by Asfinag. Linklaters and Binder Grösswang advised the managers in this transaction.
The successful bond issue by Asfinag, with the assistance of prominent law firms, demonstrates the confidence of investors in the Austrian highway operator. The high ratings and institutional investment indicate a strong market reception for the bonds.
Read also:
- Revised Bonus Écologique Boosts French EV Market Share to 63.97%
- Ford Discontinues Popular Top-Seller in Staggering Shift, Labeled as a "Model T Event"
- 2025 Witnesses a 27% Surge in Worldwide Electric Vehicle Sales, Despite Opposition to Electrification Policies in the U.S.
- Summarized Report: Insights from the Realm of Transportation
