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
A new Luxembourg act on the immobilisation of bearer shares and units was published in the Luxembourg Official Gazette on 14 August 2014.
OFAC has issued revised guidance relating to the status of entities owned by individuals or entities whose interests in property are blocked under executive orders.
Analysis from The Lawyer
At the time of its launch Accutrainee was described as a revolutionary change to the training model. Has it proved to be so? Not really.
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.