White & Case advises bank syndicate on Deutsche EuroShop’s €500 million green bond issuance

Global law firm White & Case LLP has advised a consortium of banks led by J.P. Morgan SE on Deutsche EuroShop AG’s green bond issuance.

The €500 million green bond, which has been listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market, has a fixed coupon of 4.500% and matures in 2030.

The proceeds will be used for general corporate purposes including the refinancing of secured debt and payment of dividends and investments. It will also be used to apply an amount equal to the net proceeds from the issuance of the green bond to finance or refinance new or existing eligible assets and capital and operating expenditures (“Eligible Green Projects”), in line with the company’s Green Finance Framework.

The White & Case team in Frankfurt which advised on the transaction was led by partner Rebecca Emory and local partner Peter Becker and included partners Gernot Wagner, Karsten Wöckener and Sébastien Seele, counsel David Santoro and associates Jan-Christopher Wilhelms, Darleen Stöckl and Hüseyin Sarigül.

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