White & Case Advises Banks on Berlin Hyp's €500 Million Green Pfandbriefe Issuance | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Banks on Berlin Hyp's €500 Million Green Pfandbriefe Issuance

White & Case Advises Banks on Berlin Hyp's €500 Million Green Pfandbriefe Issuance

Global law firm White & Case LLP has advised ABN AMRO Bank N.V., Bayerische Landesbank, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate & Investment Bank, J.P. Morgan Securities plc and Bankhaus Lampe KG, as managers, on Berlin Hyp AG'a issuance of green Pfandbriefe for an aggregate principle amount of €500 million.

The Pfandbriefe have a seven-year term, a coupon of 0.625% per annum and will be admitted to trading on the regulated market of the Berlin Stock Exchange. Berlin Hyp intends to use the net proceeds exclusively to refinance eligible assets as defined in its green bond framework.

The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and included associates Peter Becker and Daniel Gillenkirch.

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