Allen & Overy advises Hapag-Lloyd on successful €250m bond placement
Allen & Overy has advised Hapag-Lloyd on the successful placement of a €250m (£210m) high-yield bond under New York law.
The bond issue, which was placed with institutional investors, has a maturity of five years and a coupon of 7.75 per cent per annum and was oversubscribed several times. The issue price was 100 per cent. The bonds will be listed on the Luxembourg Stock Exchange.
The Allen & Overy team was led by partner Gernot Wagner (US corporate finance, Frankfurt) and included partners Dr Helge Schäfer (corporate, Hamburg), Dr Oliver Seiler (capital markets) and Thomas Neubaum (banking and finance), counsel Bianca Engelmann (banking and finance) and Dr Bettina Enderle (public law).
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
Sylvia Kierszenbaum and Willem Van de Wiele have authored an article in The International Capital Markets Review.
The Provincial Court of Madrid has upheld a hybrid dispute resolution clause. The judgment is the first one in Spain that recognises the validity of hybrid arbitration clauses.
Analysis from The Lawyer
Advisers get stuck into the disentangling task, to unhitch troubled bank from group
Shell legal director Peter Rees is switching litigation control away from external counsel to a unified global team of in-housers