White & Case advises bank syndicate on first issuances of dual-tranche green bonds issued by Siemens Energy Finance

Global law firm White & Case LLP has advised a syndicate of banks consisting of BNP Paribas, Commerzbank AG, Crédit Agricole Corporate and Investment Bank, Mizuho Securities Europe GmbH and Standard Chartered Bank AG on the first issuances of a dual-tranche of green bonds by Siemens Energy Finance B.V.

The two tranches have a principal amount of €1.5 billion and are guaranteed by Siemens Energy AG. The first tranche has a principal amount of €750 million, a four-year term and a fixed coupon of 4.00%. The second tranche also has a principal amount of €750 million, a six-year term and a fixed coupon of 4.250%. Both tranches are listed on the Euro MTF of the Luxembourg Stock Exchange.

The net proceeds from the issuances will be used to finance or refinance existing and/or future green projects in line with the Green Bond Framework of Siemens Energy.

The White & Case team in Frankfurt that advised on the transaction was led by partner Karsten Wöckener and included partners Thilo Diehl, Cristina Freudenberger and Rebecca Emory, local partner Peter Becker and associates Florian Fraunhofer and Daniel Gillenkirch.

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