White & Case advises bank syndicate on Deutsche Börse's €3 billion bond issuance

Global law firm White & Case LLP has advised Morgan Stanley as sole global coordinator and active bookrunner, BNP Paribas, Deutsche Bank and J.P. Morgan as active bookrunners and Barclays, Bank of America Securities, Commerzbank, Citigroup, Crédit Agricole CIB, DZ BANK AG, HSBC, SMBC, Société Générale and UniCredit as passive bookrunners on a €3 billion bond issuance by Deutsche Börse AG.

The issuance is split in three tranches. The first tranche has a principal amount of €1 billion, a term of three years and bears fixed interest at a rate of 3.875%, the second tranche has a principal amount of €750 million, a term of six years and bears fixed interest at a rate of 3.750%. And the third tranche has a principal amount of €1.25 billion, a term of ten years and bears fixed interest at a rate of 3.875%.

The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange and the Frankfurt Stock Exchange. They are represented by central register securities pursuant to the German Act on Electronic Securities (Gesetz über elektronische Wertpapiere). Clearstream Banking Frankfurt is registrar and will use its proprietary digital D7 platform, a regulatory compliant, fully digital post-trade infrastructure. This is the first public issuance of central register securities using the D7 platform.

The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and included local partner Peter Becker, counsel David Santoro and associate Mert Kilic.

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