Allen & Overy again advised alstria office REIT-AG on the successful issue of a bond with a volume of EUR 500 million.

The unsecured corporate bond with a term ending on 12 April 2023 has a fixed interest rate of 2.125%. The bond which was oversubscribed ten times was successfully placed with institutional investors in selected jurisdictions and is admitted to trading on the regulated market of the Luxembourg Stock Exchange.

The proceeds from the issue of the bond will be used to refinance the bank liabilities of DO Deutsche Office AG which was taken over by alstria office REIT-AG in October 2015.

The bank syndicate financing the transaction comprised J.P. Morgan Securities plc, Société Générale, UBS Limited and UniCredit Bank AG.

Allen & Overy regularly advises alstria office REIT-AG, most recently in November 2015 on the issue of its debut bond for EUR 500 million.

The Allen & Overy team was led by partner Christoph Enderstein (ICM, Frankfurt) and comprised partners Dr. Hans Diekmann (corporate, Düsseldorf) and Dr. Stefan Henkelmann (ICM, Frankfurt), as well as associates Christoph Pohl and Sandra Ziener (both ICM, Frankfurt), Dr. Andreas Wöller and Dorothée Kupiek (both corporate, Düsseldorf).

The debt capital markets team led by Frankfurt partner Christoph Enderstein advises both issuing banks and issuers in connection with domestic and international capital market transactions, in particular on bonds, Pfandbriefe, securitised derivatives, structured notes, hybrid instruments, Schuldscheine, registered bonds and debt issuance programmes as well as all related regulatory issues.

In 2015, Allen & Overy's German debt capital markets team led by Christoph Enderstein for the first time topped the recently published Thomson Reuters rankings (Capital Markets Legal Advisors League Tables, Germany) in the International Bonds segment for the full year 2015, both for advice to issuers and advice to issuing banks, based on the number of transactions worked on.