Allen & Overy LLP has advised Sixt SE on the successful issue of a bond with a volume of EUR 250 million. The corporate bond which was offered to domestic and foreign institutional and retail investors met with high demand and was significantly oversubscribed.

The bond with a term of six years carries interest at 1.50% p.a. and is admitted to trading on the regulated market of the Luxembourg Stock Exchange.  Sixt SE intends to use the funds raised under the bond for financing its operative business.

Bayerische Landesbank, Commerzbank Aktiengesellschaft and Deutsche Bank AG, London Branch acted as lead managers.

Sixt SE was advised in-house by Dr. Franz Weinberger (Director Legal).

The Allen & Overy team comprised partner Christoph Enderstein and senior associate Dr. Ivan Zlatanov (both International Capital Markets) and counsel Dr. Katharina Stüber (Corporate, all Frankfurt).

The 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.