Legal DealFolio - TUI AG Convertible Bond

Allen & Overy LLP is advising TUI AG in connection with the issue of a convertible bond with a total nominal amount of around EUR 339 million and making a partial buyback offer for existing bonds. The new convertible bond will have a five-year term and will be offered to the company's shareholders for subscription. The transactions will lead to an extension of the maturity profile of TUI's financial liabilities. BofA Merrill Lynch, Citigroup Global Markets Limited and UniCredit Bank AG, who are acting as joint bookrunners for the transaction, have offered the convertible bond for purchase to selected institutional investors outside the United States of America, Canada, Australia, Japan and all other states where local law prohibits such offer, through a book-building process, subject to the shareholders exercising their subscription rights. The Allen & Overy team comprised partners Dr. Oliver Seiler and Gernot Wagner (US law), together with associate Dr. Martin Kniehase (all capital markets, all Frankfurt).

Deal Date:	22-03-2011	Practice Area:	Debt Capital Markets
Deal Title:	TUI AG Convertible Bond	Industry:	Travel & Leisure
Description:	Allen & Overy LLP is advising TUI AG in connection with the issue of a convertible bond with a total nominal amount of around EUR 339 million and making a partial buyback offer for existing bonds. The new convertible bond will have a five-year term and will be offered to the company's shareholders for subscription. The transactions will lead to an extension of the maturity profile of TUI's financial liabilities. BofA Merrill Lynch, Citigroup Global Markets Limited and UniCredit Bank AG, who are acting as joint bookrunners for the transaction, have offered the convertible bond for purchase to selected institutional investors outside the United States of America, Canada, Australia, Japan and all other states where local law prohibits such offer, through a book-building process, subject to the shareholders exercising their subscription rights. The Allen & Overy team comprised partners Dr. Oliver Seiler and Gernot Wagner (US law), together with associate Dr. Martin Kniehase (all capital markets, all Frankfurt).
Financial Center:	Frankfurt	Value:	100.01-500.00
Advised Party:	Issuer	Law Firm	Allen & Overy
Issuer Jurisdiction:	Germany	Listing Jurisdiction:	Germany
Classification:	Equity-Linked Securities Convertible Bonds	Lawyer	Oliver Seiler

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers