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White & Case Advises Federal Republic of Germany on €7.5 Billion Bonds Issuance

Global law firm White & Case LLP has advised the Federal Republic of Germany, represented by the Federal Ministry of Finance which is itself represented by Bundesrepublik Deutschland - Finanzagentur GmbH (Finance Agency), on its €7.5 billion bond issue.

The federal bond has a principal amount of €7.5 billion, a 15-year term and a fixed coupon of 0.00%. The bond’s placement with international investors was carried out by a syndicate of banks under the lead management of BNP Paribas, BofA Securities, Commerzbank, Crédit Agricole CIB and HSBC.

The Finance Agency will help ensure the liquidity of the bond by appropriate activities in the secondary market. The basis for these activities will be a part of the issuance volume, which will be retained by the Federal Republic of Germany.

The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included local partner Cristina Freudenberger and associates Peter Becker, Claire-Marie Mallad, Florian Fraunhofer and Daniel Gillenkirch.

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