Global law firm White & Case LLP has advised the Joint Lead Managers UniCredit Bank AG, BNP Paribas, BofA Securities Europe SA and Commerzbank Aktiengesellschaft, as well as further banks as co-managers, on a €1 billion bond issue by Covestro AG.
The bonds are issued in two tranches. With a principal amount of €500 million, the first tranche has a term of six years and a fixed coupon of 0.875%. With a principal amount of €500 million, the second tranche has a term of 10 years and a fixed coupon of 1.375%. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
The White & Case team in Frankfurt was led by partner Karsten Wöckener and included partner Rebecca Emory, local partner Cristina Freudenberger and associates Daniel Gillenkirch and Daniel Sander.
For more information please speak to your local media contact.