Hengeler Mueller advises Eurohypo Aktiengesellschaft in establishing a U.S. issuance programme for Pfandbriefe in amount of USD 10 bn

20. July 2011

On 13 July 2011, Eurohypo Aktiengesellschaft established a U.S. Medium Term Notes Programme for the issuance of Pfandbriefe (bonds backed by mortgage and public sector loans) arranged by Citigroup Global Markets Inc. and Commerzbank Aktiengesellschaft. The Pfandbriefe will be issued in USD up to a maximum programme amount of USD 10 bn. They are being offered pursuant to Regulation S and Rule 144A under the U.S. Securities Act of 1933. They will be issued as registered Pfandbriefe governed by German law and cleared through the Depository Trust Company.

Hengeler Mueller has advised Eurohypo Aktiengesellschaft. The Hengeler Mueller team included partner Hendrik Haag (Capital Markets), associates Bianka Bielecke and Valerie Kellermann as well as Raik Petermann (Documentation Capital Markets) (all Frankfurt).

Hengeler Mueller has worked on this matter in an Integrated Team together with Davis Polk & Wardwell (lead partner Jeffrey Oakes), which provided advice on US law.