Allen & Overy LLP has advised Trans Europa Naturgas Pipeline Gesellschaft mbH & Co. KG (TENP), a joint venture of gas transmission system operators Open Grid Europe GmbH and Fluxys TENP GmbH, a subsidiary of the Belgian transmission system operator Fluxys S.A., on the issuance of registered notes in the amount of EUR 30.5 million and Schuldschein loans in the amount of EUR 49.5 million.

The registered notes have a term of 13 years, and each of the fixed-rate and floating-rate Schuldschein loans has a term of 8 years.

The Allen & Overy team comprised partners Christoph Enderstein (International Capital Markets), Dr. Neil George Weiand (Banking and Finance) as well as senior associate Dr. Alexander Schilling (Banking and Finance, all Frankfurt).

Uwe Becker (OGE) advised as in-house counsel.

The Debt Capital Markets team led by Christoph Enderstein advises both issuers and investment banks on domestic and international capital markets transactions, in particular on bonds, covered bonds (Pfandbriefe), securitised derivatives, structured securities, hybrid instruments, Schuldschein loans, registered notes (Namensschuldverschreibungen) and debt issuance programmes as well as related regulatory issues.