Norton Rose Fulbright advises banking syndicate on Deutsche Bank issue of a Singapore Dollar 500 million bond
Germany | Press release - Business | September 2022
Global law firm Norton Rose Fulbright has advised a syndicate of international banks comprising Deutsche Bank AG, Singapore Branch, DBS Bank Ltd. and Standard Chartered (Singapore) Limited on the successful issue of a callable fixed to SORA-OIS rate linked Notes by Deutsche Bank Aktiengesellschaft with a volume of SGD 500 million.
The bond, which has been admitted to trading on the regulated market of the Luxembourg Stock Exchange (ISIN: XS2526843797), will mature in September 2026 and pay a semi-annual fixed coupon of 5.00 per cent. per annum until September 2025, as of which, subject to a call option of the issuer, the coupon to be paid until maturity will be reset on the basis of the then prevailing 1-year-SORA-OIS rate plus a margin of 2.123 per cent.
The Norton Rose Fulbright team was led by partner Christoph Enderstein (debt capital markets, Frankfurt) and included partners Colin Rice (banking and finance, Singapore) and James Morris (banking and finance, Sydney), counsel Dr. Michael Born, and associates Andre Franchini Giusti and Quynh-Anh Nguyen-Xuan (all debt capital markets, Frankfurt).
In-house advice at Deutsche Bank Aktiengesellschaft was provided by Richard Bauer, Dr. Ute Münstermann and Pia Gischarowski.
Norton Rose Fulbright's Frankfurt debt capital markets team advises both investment banks and issuers in connection with national and international capital market transactions in the areas of debt capital markets and structured finance.
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