SIGNA Development Selection’s €300 Million Green Bond Issuance

White & Case LLP has advised BNP PARIBAS, Deutsche Bank and Jefferies as joint bookrunners on the issuance. McDermott Will & Emery has advised SIGNA Development Selection.

Real estate developer SIGNA Development Selection executed its issuance of a €300 million unsecured green bond.

The bond has a maturity of five years and an annual coupon of 5.5%. An amount equal to the proceeds of the bond will be invested in sustainable projects.

SIGNA Development Selection acquires, develops and optimizes classic commercial and residential real estate as well as retail space and hotels, often as mixed-use properties, and even entire city districts in economically strong urban centers in the German-speaking regions of Europe.

The White & Case team in Frankfurt that advised on the transaction was led by partner Rebecca Emory (Picture) and included partners Karsten Wöckener, Gernot Wagner, Sébastien Seele, Holger Wolf and Bodo Bender, local partners Daniel Rogits, Peter Becker and Tim Bracksiek, counsel Andreas Born and associates Philipp Kronenbitter, Anne-Sophie von Koester and Sandra D’Ascenzo.

The team advising SIGNA Development Selection AG was led by Frankfurt Partner Simon Weiß (Capital Markets) ) and included Partners Joe Marx (US Capital Markets) and Jens Ortmanns (Real Estate) as well as Partners Maximilian Clostermeyer, Pierre Brandt, Ulrich Flege, Jan Hückel (all Real Estate), Oliver Lieth and Dustin Schwerdtfeger (both Finance), Eric Orsic, Richard Mitchell and Ted Laurenson (all US Capital Markets), Philipp Grenzebach and Florian Lechner (both Corporate), Nina Siewert, Heiko Kermer and Greg Weigand (all Tax), Todd Solomon (ERISA), Associates Andreas Skupien, Markus Hunkenschröder, Sara Brinkmann, Frederic Peine, Elena Platte, Tina Zeller, Christoph Schäfer and Lisa Feth as well as Transaction Lawyers Maria Bretschneider and Ardalan Zargari.

Involved fees earner: Pierre-André Brandt – McDermott Will & Emery; Maria Bretschneider – McDermott Will & Emery; Sara Brinkmann – McDermott Will & Emery; Maximilian Clostermeyer – McDermott Will & Emery; Lisa Feth – McDermott Will & Emery; Ulrich Flege – McDermott Will & Emery; Philipp Grenzebach – McDermott Will & Emery; Jan Hückel – McDermott Will & Emery; Markus Hunkenschröder – McDermott Will & Emery; Heiko Kermer – McDermott Will & Emery; Edwin Laurenson – McDermott Will & Emery; Florian Lechner – McDermott Will & Emery; Oliver Lieth – McDermott Will & Emery; Joseph Marx – McDermott Will & Emery; Richard Mitchell – McDermott Will & Emery; Eric Orsic – McDermott Will & Emery; Jens Ortmanns – McDermott Will & Emery; Frederic Peine – McDermott Will & Emery; Elena Platte – McDermott Will & Emery; Dustin Schwerdtfeger – McDermott Will & Emery; Nina Siewert – McDermott Will & Emery; Andreas Skupien – McDermott Will & Emery; Todd Solomon – McDermott Will & Emery; Gregory Weigand – McDermott Will & Emery; Simon Weiß – McDermott Will & Emery; Ardalan Zargari – McDermott Will & Emery; Tina Zeller – McDermott Will & Emery; Peter Becker – White & Case; Bodo Bender – White & Case; Tim Bracksiek – White & Case; Sandra D’Ascenzo – White & Case; Rebecca Emory – White & Case; Philipp Kronenbitter – White & Case; Daniel Rogits – White & Case; Sébastien Seele – White & Case; Anne-Sophie von Koester – White & Case; Gernot Wagner – White & Case; Karsten Wöckener – White & Case; Holger Wolf – White & Case;

Law Firms: McDermott Will & Emery; White & Case;

Clients: BNP Paribas; Deutsche Bank AG; Jefferies; SIGNA Group;

Author: Federica Tiefenthaler