Allen & Overy LLP has advised that Hapag-Lloyd AG on the successful placement of a EUR 250 million high yield bond under New York law. The bond, which was placed with institutional investors, has a term of five years, a coupon of 7.75 percent per annum and was several times oversubscribed. The issue price was 100.00 percent. The bond will be listed on the Luxembourg Stock Exchange.

The Allen & Overy team consisted of partners Gernot Wagner (Lead, U.S. Corporate Finance, Frankfurt), Dr. Helge Schäfer (Corporate, Hamburg), Dr. Oliver Seiler (Capital Markets) and Thomas Neubaum (Banking and Finance), the Counsel Bianca Engelmann (banking and Finance), Dr. Bettina Enderle (Public Law) and Klaus D. Hahne (tax), the Senior Associates, Dr. Camilla Kehler and white (capital Markets), Dr. Alexander deer (Public Law, all Frankfurt ), Dr. Jonas Wittgens (Corporate, Hamburg) and associates Rebecca Emory (U.S. Corporate Finance), David Rath, Yannick eagle (capital markets and U.S. corporate finance) and Dr. Alexander Schilling (banking and finance law, all Frankfurt).