Allen & Overy advises IKB Deutsche Industriebank AG on the successful issue of a EUR 300 million tier 2 subordinated bond
01 February 2018
Allen & Overy LLP has advised IKB Deutsche Industriebank AG (IKB) on the issue of a EUR 300 million tier 2 subordinated bond. With the subordinated bond, IKB will strengthen its equity base (tier 2). The maturity of the fixed-interest bond (DE000A2GSG24) with interest adjustment and issuer call option after five years is ten years. The subordinated bond listed on the Luxembourg Stock Exchange was placed with international institutional investors and was oversubscribed more than four times.
J.P. Morgan Securities plc acted as sole bookrunner of the transaction.
The Allen & Overy team was led by partner Christoph Enderstein and comprised partner Dr. Alexander Behrens (both International Capital Markets), counsel Dr. Katharina Stüber (Corporate), senior associate Dr. Ivan Zlatanov and associate Sang-Woon Lee (both International Capital Markets, all Frankfurt).
Inhouse advisers at IKB were Swetlana Mints (legal counsel), Jan Burchards (legal counsel) and Ulrich Freitag (general counsel).