Mayer Brown advised the joint lead managers of a Euro 250 million bond issued by Sixt SE, an internationally operating car rental and leasing services provider. The bond has a term of six years and bears interest of 2.00 per cent per annum.

In the current low interest rate environment, especially after the most recent base interest rate decision of the ECB, Sixt was able to achieve very attractive refinancing conditions. After Sixt had issued a bond in 2012 with the same term and a coupon of 3.75 per cent, the current interest payable is significantly lower.

Joint lead managers were Commerzbank, Deutsche Bank and SEB.

The Mayer Brown team was led by Dr. Jochen Seitz (Frankfurt) and further included partner Bernd Bohr (New York/London) and Dr. Ulrike Binder (Frankfurt) as well as associates Gagandeep Aujla (London), Katharina Heßel, Christin Schlechte, Stefan Schrewe, and Cornelia Geißler (all Frankfurt).