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).