White & Case advises Evonik Industries on €500 million green bond issuance

Global law firm White & Case LLP has advised Evonik Industries AG on the issuance of fixed rate notes with an aggregate principal amount of €500 million.

The notes are represented by a central register security entered into a central register operated by Clearstream Banking AG, Frankfurt, and have been issued via the digital platform D7 Digitiser. They were admitted to trading on the regulated market of the Luxembourg Stock Exchange.

The notes have a five-year term and a fixed interest rate of 3.250% per annum. The net proceeds from the notes will be used for financing and/or refinancing, in whole or in part, existing and/or future eligible green projects in accordance with the issuer's Green Finance Framework.

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

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