Hogan Lovells advises banks on the issue of a benchmark bond by WIBank
Press releases
| 08
May
2020
Led by Frankfurt partner Jochen Seitz, Hogan Lovells advised a bank consortium consisting of Commerzbank AG, DZ Bank, Landesbank Hessen-Thüringen, NATIXIS and UniCredit Bank AG on the issuance of a benchmark bond of Wirtschafts- und Infrastrukturbank Hessen (WIBank) with a total nominal amount of EUR 500 million.
The bond (ISIN DE000A2GSR47) was successfully issued on 7 May 2020. The order book was several times oversubscribed. With a term of seven years, the bonds bear interest at an annual rate of 0.01 per cent. WIBank is the infrastructure and development bank of the Federal State of Hesse and has a refinancing guarantee from the Federal State of Hesse.
Jochen Seitz and his team had already advised a consortium of banks in connection with the issue of a WIBank bond in 2018.
Hogan Lovells team for the banks
Dr. Jochen Seitz (Partner), Dr. Stefan Schrewe, Frank Salzgeber (Associates) ( all Capital Markets)
Press contacts
Press contacts