Heuking Kühn Lüer Wojtek advises IKB on DEAG’s debut bond issue
As sole lead manager, IKB Deutsche Industriebank AG accompanied the successful placement of a EUR 20 million corporate bond of Deutsche Entertainment Aktiengesellschaft (DEAG). A team led by Dr. Thorsten Kuthe, Partner at Heuking Kühn Lüer Wojtek, legally advised the bank. Offering an annual coupon of 6%, the bond is listed on Frankfurt Stock Exchange’s Open Market. The bond was placed with a wide range of institutional investors primarily from Germany, but also from Luxemburg and Switzerland.