White & Case advises Evonik on issuance of Green Bond and tender offer for outstanding hybrid bond
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Global law firm White & Case LLP has advised Evonik Industries AG (Evonik) on the issuance of a green hybrid bond and on the tender offer for an outstanding hybrid bond.
The notes have a volume of €500 million, mature in 2055 and provide for a first call right for Evonik in 2031. The green notes have been listed on the regulated market of the Luxembourg Stock Exchange. The proceeds will be used for the financing or refinancing of existing and/or future green projects.
The concurrent tender offer of Evonik relates to its outstanding €500 million hybrid bond issued in 2021 and due 2081.
The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and included local partner Peter Becker and associate Darleen Stöckl.
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