Global law firm Dentons advised the German Federal Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH) on the successful placement of its latest syndicated Federal bond (Bundesanleihe) with an issuance volume of €4 billion.
The Federal bond provides for a maturity of 30 years and a coupon of 0.00%. It increases the volume of an existing Federal bond, originally issued in 2021, thereby bringing it to a current total issuance volume of €13 billion.
The placement of the bond with national and international investors was carried out by a large syndicate of banks led by BNP Paribas, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe SE und J.P. Morgan SE. According to the financial press, the issuance was more than five times oversubscribed.
Frankfurt-based partner Oliver Dreher led the legal team on the transaction. Dreher and his team previously advised the German Federal Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH) on various capital markets transactions, including the placement of a US$4 billion US Dollar Federal bond issuance.
Advisers German Federal Finance Agency (Bundesrepublik Deutschland - Finanzagentur GmbH)
Dentons (Frankfurt): Oliver Dreher (Lead Partner), Nadja Reiß (Associate, both Capital Markets, Banking & Finance)
Finanzagentur des Bundes (Federal Finance Agency, inhouse): Dr. Arnd Düker, Bastian Martin (both legal department)