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Freshfields advises Münchener Hypotheken­bank issuance of additional tier 1 bond

Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) advised Münchener Hypothekenbank on the issuance of an additional tier 1 bond in the aggregate principal amount of CHF 75 million.

With the bond, Münchener Hypothekenbank strengthens its regulatory capital base. The bond can only be called for repayment by Münchener Hypothekenbank, for the first time in June 2027. The initial coupon, the payment of which is at the bank's discretion, has been set at 5.75 per annum. The bond was entirely placed with investors in Switzerland by a syndicate of banks comprising Credit Suisse, DZ Bank, UBS and Zürcher Kantonalbank. The bond will be listed in Zurich and Luxembourg.

The Freshfields team included Partners Christoph Gleske (Lead, Corporate) and Jan Brinkmann (Tax), Counsel Holger Hartenfels (Bank Regulatory) and Peter Stark (Tax), Principal Associate Birgit Schulz as well as Associate Maren Gebel (both Corporate, all Frankfurt).

About Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer is a global law firm. We have a long history of successfully assisting the world's leading industrial and financial companies, institutions and governments with their complex projects, transactions and challenges. Whether from our own 28 offices in the world's major business and financial centres or with leading local law firms, our more than 2,800 lawyers provide comprehensive business law advice and combine their expertise to deliver decisive legal and industry solutions for our clients.