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Allen & Overy advises Morgan Stanley on successful placement and size-up of Grand City Properties S.A. bond

11 April 2014

Allen & Overy LLP advised Morgan Stanley on the successful EUR 150 million tap up of a bond issued by Grand City Properties S.A.
The secured bonds have a term of seven years and provide for a coupon of 6.25% p.a. that is paid semi-annually. Trading in the Entry Standard of the Frankfurt Stock Exchange is expected to start on 15 April 2014.

The Allen & Overy team comprised partners Gernot Wagner (US corporate finance) and Dr. Oliver Seiler (international capital markets) and associate Dr. Alexander Schlee (international capital markets, all Frankfurt).

Also involved were partner Jonathan Mellor and associate May Chiu (both international capital markets) in London, partners Frank Mausen (international capital markets) and Pierre Schleimer (banking) as well as Christian Dohmen (international capital markets) and André Hommel (banking) in Luxembourg.