Dentons advised the German Federal Finance Agency, while White & Case advised a syndicate of banks on the issuance.
The Federal Republic of Germany (Bund), represented by the Federal Ministry of Finance, which is in turn represented by Bundesrepublik Deutschland – Finanzagentur GmbH (Finance Agency), announced a green bond.
The Federal bond has a principal amount of €4 billion, a thirty-year term and a fixed coupon of 0.00%. This latest issuance increases the volume of the existing 2021 Green Federal Bond, bringing it to €10 billion.
A syndicate of banks – including Barclays, Commerzbank AG, Crédit Agricole CIB, HSBC, Morgan Stanley and Nomura – carried out the placement of the Federal bond with national and international investors.
The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included associate Daniel Gillenkirch.
Frankfurt-based partner Oliver Dreher led the Dentons legal team on the transaction.
Finanzagentur des Bundes (Federal finance agency, inhouse): Dr. Arnd Düker, Bastian Martin.