The London, Frankfurt and New York offices of Sidley Austin LLP have advised the global coordinators, Bank of America Merrill Lynch and HSBC, on the issuance of the $1 billion public sector Pfandbriefe (covered bond) from Norddeutsche Landesbank Girozentrale (Nord/LB), the first time a German Bank has issued a covered bond to U.S. institutional investors pursuant to Rule 144A under the U.S. Securities Act in a number of years.
The Sidley team consisted of Dorothee Fischer-Appelt, Mark Walsh, Vivian Root and Andy Hagan (London), Joseph McLaughlin (New York), and Dr. Jens Rinze, Dr. Andreas Kopp and Solmaz Sedighi Rad (Frankfurt).
“Sidley is pleased to be involved in such a significant transaction,” said Dorothee Fischer-Appelt, partner at Sidley. “We were able to draw upon the comprehensive experience from our capital markets group in London, Frankfurt and New York to assist our clients to a successful completion.”
