Hengeler Mueller advises BayernLB on Krügerrand Gold Bond

03. November 2017

On 3 November 2017, G.V.L.E. Gesellschaft zur Verbriefung von Lieferansprüchen auf Edelmetalle mbH has issued debt securities providing for a right to receive a 1 oz Krügerrand gold coin each.  The issue comprises up to 250,000 securities due in 2027.  The bonds will be traded on the open market (Freiverkehr) of the Stuttgart Stock Exchange. 

Bayerische Landesbank acts as placement agent, fiscal agent and depository for the Krügerrand gold coins.

Hengeler Mueller advised Bayerische Landesbank on the structure and documentation of the new debt product. The Hengeler Mueller team was led by partner Dirk Bliesener (Capital Markets) and included partner Ernst-Thomas Kraft (Tax), counsel Mathias Link (Tax) as well as associates Andreas Lischka (Capital Markets), Jessica Cezanne (Tax), Stephan Hennrich (Capital Markets) and Britta Süßmann (Tax) (all Frankfurt).