€10 billion debt issuance programme of the NORD/LB Luxembourg S.A. Covered Bond Bank

Hogan Lovells advises Norddeutsche Landesbank on the update of the EUR 10 billion debt issuance programme of the NORD/LB Luxembourg S.A. Covered Bond Bank

The programme enables the issuance of mortgage bonds under Luxembourg law, the so called “lettres de gage”. Currently Luxembourg is the first country in the world to introduce a law on green covered bonds, including a new category of green mortgage bonds, the so called “lettres de gage énergies renouvelables”. The NORD/LB Luxembourg S.A. Covered Bond Bank wants to use the opportunities of this new mortgage bond category and adjust the programme accordingly.

Hogan Lovells has advised NORD/LB on the contract arrangements and negotiations with the other banks.

Hogan Lovells advised Norddeutsche Landesbank – Girozentrale – with a team including Jochen Seitz (Picture), Sarah Frank, Stefan Schrewe, Eden Siedlak, Deniz Alkanli (Capital Markets), Heiko Gemmel (Tax), Pierre Reuter, Ariane Mehrshahi, Agathe Laissus (Capital Markets), Gerard Neiens and Jean-Philippe Monmousseau (Tax).

 

Involved fees earner: Jochen Seitz – Hogan Lovells; Sarah Frank – Hogan Lovells; Stefan Schrewe – Hogan Lovells; Eden Siedlak – Hogan Lovells; Deniz Alkanli – Hogan Lovells; Pierre Reuter – Hogan Lovells; Ariane Mehrshahi – Hogan Lovells; Agathe Laissus – Hogan Lovells; Heiko Gemmel – Hogan Lovells; Gerard Neiens – Hogan Lovells; Jean-Philippe Monmousseau – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: NordLB;