Allen & Overy LLP has advised a banking consortium comprising Joh. Berenberg, Gossler & Co. KG, Commerzbank Aktiengesellschaft and UniCredit Bank AG as Joint Lead Managers in connection with the successful issue of a EUR 250 million debut bond by Sixt Leasing SE. The issue met with high demand from investors both in Germany and abroad and was oversubscribed several times.

The bond has a four-year term and carries interest at 1.125% p.a.

Sixt Leasing SE, one of the largest manufacturer-independent, non-bank full-service leasing companies in Germany, acted as issuer of a bond for the first time after its IPO in May 2015. The objectives pursued by the company based in Pullach near Munich in issuing the bond are to achieve diversified group financing independent from Sixt SE and to reduce financing costs.

The Allen & Overy team comprised partner Christoph Enderstein, associate Nadine Kämper, paralegal Sven Steinbach (all International Capital Markets) and Senior Associate Martin Schmidt (US Capital Markets). Counsel Klaus D. Hahne advised on tax law (all Frankfurt).