White & Case Advises Joint Lead Managers on Issuance of Covestro AG Bonds with Total Volume of €1 Billion

Global law firm White & Case LLP has advised the Joint Lead Managers UniCredit Bank AG, BNP Paribas, BofA Securities Europe SA and Commerzbank Aktiengesellschaft, as well as further banks as co-managers, on a €1 billion bond issue by Covestro AG. 

The bonds are issued in two tranches. With a principal amount of €500 million, the first tranche has a term of six years and a fixed coupon of 0.875%. With a principal amount of €500 million, the second tranche has a term of 10 years and a fixed coupon of 1.375%. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange. 

The White & Case team in Frankfurt was led by partner Karsten Wöckener and included partner Rebecca Emory, local partner Cristina Freudenberger and associates Daniel Gillenkirch and Daniel Sander.

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