White & Case Advises Bank Syndicate on Vossloh Aktiengesellschaft's €150 Million ESG-Linked Debut Hybrid Bond Issue

Press Release
|
1 min read

Global law firm White & Case LLP has advised joint bookrunners and joint lead managers Jefferies and M.M.Warburg & CO on the placement of the debut ESG-linked hybrid bond issue by Vossloh Aktiengesellschaft in the aggregate principal amount of €150 million.

The perpetual notes have an initial fixed coupon of 4.0% and a denomination of €100,000. It is intended to admit the notes to trading on the Open Market of the Frankfurt Stock Exchange. The terms and conditions of the notes include an innovative ESG-linked mechanism: if two of Vossloh Aktiengesellschaft’s ESG ratings either fall below specified thresholds or are withdrawn, the redemption amount per note is increased by €100. 

The White & Case team in Frankfurt which advised on the transaction included partner Karsten Wöckener, local partner Peter Becker and associate Philipp Kronenbitter.

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

Top