Allen & Overy advises banks on €300m convertible bond issue

Allen & Overy has advised BofA Merrill Lynch, Deutsche Bank London Branch and Société Générale Corporate & Investment Banking in connection with the issue of a €300m (£250m) convertible bond by LEG Immobilien.

The convertible bond with a term of 7.2 years provides for an investor-put option after 5.2 years and a coupon of 0.5 per cent per annum payable semi-annually.

The Allen & Overy team comprised partner Dr Oliver Seiler, counsel Dirk Eisel and associate Dr Alexander Schlee (all capital markets law, Frankfurt).