White & Case Advises Bank Syndicate on Issuance of €500 Million First Green Bond by Landesbank Hessen-Thueringen Girozentrale (Helaba)

Global law firm White & Case LLP has advised the lead managers Crédit Agricole Corporate and Investment Bank, Banco Santander S.A., Deutsche Bank Aktiengesellschaft, ING Bank N.V., Landesbank Hessen-Thueringen Girozentrale (Helaba) and UniCredit Bank AG, on Helaba's €500 million issuance of a first ever Green Bond under its €35 billion debt issuance programme.

The proceeds of the bonds will be allocated to an eligible green loan portfolio in accordance with Helaba's Green Bond Framework and will be used to finance loans related to renewable energy projects. The bonds have a principal amount of €500 million, a fixed coupon of 0.375% and are due in June 2029.

The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included local partner Peter Becker and associate Claire-Marie Mallad.

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