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Allen & Overy advises ODDO & CIE and ODDO SEYDLER BANK AG on successful 2015/2020 corporate bond tap by ADLER Real Estate AG

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Dr Knut Sauer

Partner

Frankfurt am Main

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Marc Plepelits

Partner

Frankfurt am Main

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13 April 2017

Allen & Overy LLP has advised ODDO & CIE and ODDO SEYDLER BANK AG as Joint Bookrunners in relation to the successful tap of the EUR 350 million 4.75% corporate bond 2015/2020 by Adler Real Estate AG.

Due to a considerable oversubscription the tap was increased from the targeted EUR 100 million to EUR 150 million, bringing the total bond 2015/2020 volume to EUR 500 million. 

The tap was placed at ca. 104.4% to par corresponding to a yield of 2.5% until the early repayment date of corporate bond 2015/2020 in April 2019, which represented the lower end of the yield range.

The Allen & Overy team led by partner Dr Knut Sauer (International Capital Markets) also comprised partner Marc O. Plepelits (US Corporate Finance) and senior associate Simon Weiß (International Capital Markets, all Frankfurt).

Inhouse advice was provided by Nicolas Delage (Head of Legal Corporate Finance at ODDO & CIE ).

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