Allen & Overy advises on successful placement of €150m secured convertible bonds
Allen & Overy has advised JP Morgan Securities, Berenberg Bank, Deutsche Bank and Anoa Capital on the successful placement of €150m (£124m) secured convertible bonds issued by Grand City Properties.
The five-year convertible bonds are secured by certain securities located in different jurisdictions and benefit from several covenants known from high-yield bonds.
The Allen & Overy team comprised partners Gernot Wagner (US corporate finance) and Dr Oliver Seiler, counsel Dirk Eisel and associate Dr Alexander Schlee (all international capital markets, Frankfurt).
Advising from the law firm’s London office were partner Jonathan Mellor and associates May Chiu and Paul Phelps (all international capital markets).
Also involved from the firm’s Luxembourg office were partners Frank Mausen and Henri Wagner and associates Christian Dohmen and Andre Hommer (all international capital markets).
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.