Norton Rose Fulbright has advised VEDES AG, a leading trade organisation for toys and games in Europe, on the issuance of their corporate bond in the amount of €20 million. The bond has a maturity of five years with an annual interest rate of 7.125 percent.

The subscription period, which was originally scheduled until 20 June 2014, was terminated prematurely on 10 June (the first subscription day) due to the high demand by institutional and private investors and the resulting significant over-subscription.

In December 2013, Norton Rose Fulbright advised VEDES AG on the issuance of an eight-percent bond by means of a private placement, which was partly converted into the new bond.

Norton Rose Fulbright has extensive experience in the issuance of SME bonds, having assisted clients on over three dozen successful placements of SME bonds over the last four years.

The Norton Rose Fulbright team was led by partner Sascha Grimm and was supported by Solmaz Sedighi Rad (both capital markets, Frankfurt).

Steubing AG acted as sole global coordinator and bookrunner.