Global law firm Norton Rose Fulbright has advised Sixt SE on the successful issuance of a bond with a total volume of €300 million.
The €300 million bond has a fixed interest rate of 1.75 per cent and matures on December 9, 2024. The bond has been admitted to trading on the regulated market of the Luxembourg Stock Exchange. The Joint Lead Managers were Bayerische Landesbank, Commerzbank Aktiengesellschaft (Technical Lead), Deutsche Bank Aktiengesellschaft, J.P. Morgan Securities plc and UniCredit Bank AG. The bond, whose order book was several times oversubscribed, further secures the long-term corporate financing of the Sixt Group and mainly serves to finance its operatiing business.
Sixt SE, which is based in Pullach near Munich, is a leading international provider of high-quality mobility services. In 2019, it generated revenues of €3.31 billion. Sixt SE, the Group's lead company, has been listed on the Frankfurt Stock Exchange since 1986.
Christoph Enderstein, responsible for the debt capital markets practice at Norton Rose Fulbright in Germany, commented: "My team and I have previously advised Sixt in connection with various capital markets transactions. We are pleased that Sixt also mandated us in connection with the issuance of the first bond under its newly established Debt Issuance Programme.
The Frankfurt team was led by partner Christoph Enderstein (banking, Frankfurt). He also included partners Dr. Frank Peter Regelin (corporate), Tino Duttiné (tax) and associates Nadine Gerstenkorn and Leila Maxhuni (both banking).
Norton Rose Fulbright's debt capital markets team in Frankfurt 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 transactions, in particular on bonds, commercial paper, covered bonds, structured bonds, securitized derivatives, hybrid instruments, registered notes, Schuldschein loans and issuance programmes as well as related regulatory issues.