Allen & Overy advises the Federal Republic of Germany on the issue of a Green Federal bond
Related people
Press contacts
For media enquiries relating to this topic, please contact:
Headlines in this article
Related news and insights
News: 27 March 2024
Allen & Overy advises SBI Group on its investment in Solaris
News: 07 March 2024
Advising banks on TUI’s EUR 500m sustainability-linked senior notes
News: 09 February 2024
Allen & Overy advises Sartorius group on EUR1.4bn equity raising
Publications: 26 January 2024
The Green Federal bond has a 30-year term and a fixed coupon of 0.00%. The proceeds are allocated to green expenditures already made by the Federal Republic in the five sectors (1) transport, (2) international cooperation, (3) research, innovation and information, (4) energy and industry, (5) agriculture, forestry, natural landscapes and biodiversity in accordance with the Green Bond Framework of the Federal Republic of Germany.
The placement of the 30-year Green Federal bond was carried out in a syndication process involving a banking syndicate led by BNP Paribas, BofA Securities, Citi, Commerzbank, DZ BANK and HSBC. The issue was more than six times oversubscribed.
The Allen & Overy team comprised partner Martin Scharnke, counsel Christian Klöpfer and associate Sascha Fröhlig (all Capital Markets, Frankfurt).
Inhouse advice on the bond issue at Bundesrepublik Deutschland - Finanzagentur GmbH was provided by Dr Arnd Düker and Bastian Martin.
Allen & Overy's ICM team regularly advises companies and banks in connection with domestic and international capital market transactions. Recently, this also included advising numerous issuers on the practical implementation of ESG and green bond issues. In recent years, Allen & Overy has moreover regularly advised banking syndicates in connection with benchmark bonds, covered bonds (Pfandbriefe) and subordinated notes.