Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 02-04-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | Heidelberger Druckmaschinen AG Unsecured Convertible Bonds due 2022 | Industry: | Electronic & Electrical Equipment |
| Description: |
Clifford Chance advised Heidelberger Druckmaschinen AG on the placement of convertible bonds with an issue volume of EUR 58.6 million.
The unsecured, unsubordinated convertible bonds have a maturity of seven years; the coupon of the bonds has been set at 5.25 percent.
The convertible bonds were placed with domestic and international institutional investors through a private placement. Heidelberg applied for the inclusion of the convertible bonds to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.
Deutsche Bank, BNP Paribas, Commerzbank and LBBW acted as Joint Bookrunners.
The Clifford Chance team comprised partner Markus Pfuller and associate Peter Becker (both Banking and Capital Markets, Frankfurt), as well as partner Dr. Thomas Stohlmeier, counsel Dr. Christian Vogel and associate Dr. Jochen Buckel (all Corporate, Dusseldorf).
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| Financial Center: | Frankfurt | Value: | 0.00-100.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction: | Germany | Listing Jurisdiction: | Germany |
| Classification: |
Equity-Linked Securities Convertible Bonds |
Lawyer | Markus Pfuller |
