White & Case Advises Bank Syndicate on establishment of Gewobag’s new Debt Issuance Programme and €500 Million Social Debut Bond

Global law firm White & Case LLP has advised the joint bookrunners J.P. Morgan, ING Bank and UniCredit Bank on the issuance of the debut social bond by Gewobag for the aggregate principal amount of €500 million.

The bonds were issued under the newly established €5 billion debt issuance programme of Gewobag.

The bonds have a term of six years, a fixed coupon of 0.125% p.a and a denomination of €100,000. The bonds are admitted to trading on the Euro MTF of the Luxembourg Exchange.

Gewobag is a social housing company owned by the Federal State of Berlin, which focuses on a sustainable and social business model. Gewobag intends to allocate an amount equal to the net proceeds of the issuance to Eligible Social Assets, which contribute to affordable housing.

The White & Case team in Frankfurt which advised on the transaction included partners Karsten Wöckener and Rebecca Emory, local partners Peter Becker and Cristina Freudenberger and associates Philipp Kronenbitter, Florian Fraunhofer and Daniel Sander.

Press contact
For more information please speak to your local media contact.