Hogan Lovells advises BSK 1818 AG on the preparation of its Social Bond Framework and update of its programme for the issuance of notes and covered bonds

BSK 1818 AG is the owner of Berliner Sparkasse and is a separate savings bank association under the Berlin Savings Bank Act. As a modern universal bank, the focus of its business activities is on the business with private and corporate customers, as well as regional commercial real estate finance. To refinance its lending business, BSK 1818 AG uses in particular the issuance of covered bonds, which can be offered to institutional investors under the programme.

The Social Bond Framework provides for the issuance of Social Bonds in accordance with the ICMA Social Bond Principles 2025 (ICMA SBP). BSK 1818 AG intends to use the net proceeds from the Social Bonds to finance newly concluded social loans and/or refinance existing social loans that can be attributed to the ICMA SBP categories "affordable housing" and "affordable basic infrastructure". 

The Hogan Lovells team regularly advises issuers as well as the banks on the updates of debt issuance programmes as well as Social and Green Bond issuances. 

The Hogan Lovells team was led by partner Dr. Jochen Seitz with support from counsel Dr. Stefan Wollmert-Schrewe, associate Anna Hersener (all Capital Markets, Frankfurt), partner Dr. Leopold von Gerlach and counsel Dr. Christina Kesting (both Intellectual Property, Hamburg, Frankfurt).