Clifford Chance advised the joint lead managers on the bond issue of Aareal Bank AG, Wiesbaden, with a volume of EUR 300 million.
The bond consists of Subordinated Callable Fixed Rate Reset Notes with scheduled maturity in March 2026.
The Notes shall constitute own funds in the form of supplementary capital (Tier 2 Capital) according to the applicable regulations.The issue was among the first by a German bank under the Capital Requirements Regulation (CRR) which entered into force in January 2014.
The Clifford Chance team was led by partner Sebastian Maerker and comprised senior associate Dr. Felix Biedermann as well as associate Said Ashrafnia (all Banking & Capital Markets, Frankfurt).
