Global law firm White & Case LLP has advised a consortium of banks on the issuance of fixed-rate notes by Talanx AG with an aggregate principal amount of €500 million.
At the same time, Talanx AG issued notes with an aggregate principal amount of €500, which have been privately placed with HDI V.a.G. (the majority shareholder of Talanx AG). This private placement has been arranged by Deutsche Bank Aktiengesellschaft, which has been advised by White & Case.
The notes of both tranches have identical terms with a seven-year tenure and a fixed interest rate of 3.750% per annum. The net proceeds from both issuances will be used by Talanx to refinance maturing debt and for general corporate purposes. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange.
The White & Case team in Frankfurt, which advised on the transaction included partner Karsten Wöckener, local partner Felix Biedermann, and associate Robin Pichler.
