Allen & Overy advises Sixt SE on successful issue of EUR 250 m bond
02 November 2016
Allen & Overy LLP has advised Sixt SE on the successful placement of a EUR 250 m bond. The bond, which has a maturity of six years and pays a coupon of 1.125% p.a., met with strong demand from German and foreign institutional investors and as a result was several times oversubscribed. Sixt SE intends to use the proceeds from this new bond issue to secure its growth strategy in the long term.
The issue was lead managed by Bayerische Landesbank, Commerzbank Aktiengesellschaft and Deutsche Bank AG, London Branch, with Joh. Berenberg, Gossler & Co. KG and Hauck & Aufhäuser Privatbankiers KGaA acting as co-lead managers.
The Allen & Overy team comprised partner Christoph Enderstein (International Capital Markets), counsel Klaus D. Hahne (Tax), associate Sandra Ziener and paralegal Sven Steinbach (both International Capital Markets, all Frankfurt).
Inhouse advice at Sixt SE was provided by Dr. Franz Weinberger (Director Legal).
The team led by Christoph Enderstein advises issuers and investment banks on domestic and international capital markets transactions, with a particular focus on bonds, covered bonds, securitised derivatives, structured and hybrid instruments, Schuldscheine, registered notes and debt issuance programmes, as well as on the related regulatory issues.