Herbst Kinsky has advised Rendity and United Benefits Holding on up to EUR 10 million bond issuance.
Rendity "took the lead in drafting the bond terms and conditions and the corresponding capital market prospectus for United Benefits Holding," according to Herbst Kinsky. "The bond will be issued in Austria and Germany. The bond will be offered by Rendity Securities, acting as a contractually bound agent of a securities firm in Germany."
Rendity is a Vienna-based start-up enabling online real estate investments. The company offers private and institutional investors real estate projects in urban locations.
United Benefits Holding is a real estate-related service provider. Together with its subsidiaries, the holding initiates, develops, realizes, and manages real estate investments in the DACH region.
The Herbst Kinsky team was led by Partner Florian Steinhart and Attorney-at-Law Johannes Frank and included Attorney-at-Law Magdalena Wagner and Associates Carmen Walser and Irmgard Nemec.
Herbst Kinsky was unable to disclose further information on the deal.