Freshfields advises Münchener Hypothekenbank on the issuance of an additional Tier 1 bond
Global law firm Freshfields Bruckhaus Deringer (“Freshfields”) advised Münchener Hypothekenbank in connection with the issuance of an additional Tier 1 bond for a total principal amount of CHF 75 million.
With the bond, the Münchener Hypothekenbank strengthens its regulatory capital base. The bond can only be called for redemption by the Münchener Hypothekenbank, for the first time in June 2027. The initial coupon, the payment of which is at the discretion of the bank, has been set at 5.75 per annum. The bond was placed entirely with investors in Switzerland by a syndicate of banks consisting of Credit Suisse, DZ Bank, UBS and Zürcher Kantonalbank. The bond will be listed in Zurich and Luxembourg.
The Freshfields team included partners Christoph Gleske (Lead, Corporate) and Jan Brinkmann (Tax), advisors Holger Hartenfels (Bank Regulatory) and Peter Stark (Tax), senior partner Birgit Schulz as well as partner Maren Gebel ( both Corporate, all in Frankfurt).
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