Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 04-09-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | The Federal Republic of Germany Inaugural Green Bond Issuance | Industry: | Public Sector |
| Description: |
White and Case LLP advised the Federal Republic of Germany (Bund), represented by the Federal Ministry of Finance, which was in turn represented by Bundesrepublik Deutschland Finanzagentur GmbH (Finance Agency), on its first issuance of a Green Federal bond.
The Green Federal bond had a principal amount of EUR6.5 billion, a ten-year term and a fixed coupon of 0.00%. The placement of the Green Federal bond with international investors was carried out by a syndicate of banks under the lead management of Barclays Bank plc, Commerzbank AG, Credit Agricole Corporate and Investment Bank, Deutsche Bank AG, J.P. Morgan Securities plc and UniCredit Bank AG.
The Federal Republic of Germany spent an amount equal to the proceeds derived from the issue of the Green Federal bond for expenditures that comply, on the date of the issue of the Green Federal Bond, with the requirements stipulated by the Federal Republic of Germany in its Green Bond Framework dated 24 August 2020.
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| Financial Center: | Frankfurt | Value: | 5000.01-10000.00 |
| Advised Party: | Issuer | Law Firm | White & Case |
| Issuer | Germany | Issuer 2 | Germany |
| Classification: |
Green Bonds and Loans Green BondsSovereign and Public Sector Bonds Sovereign Bonds |
Lawyer | Karsten Wockener |
