Hogan Lovells advises Norddeutsche Landesbank on the update of the EUR 10 billion debt issuance programme of the NORD/LB Luxembourg S.A. Covered Bond Bank

Led by partners Jochen Seitz (Frankfurt) and Pierre Reuter (Luxembourg) Hogan Lovells has advised on the update of the EUR 10 billion debt issuance programme of the Luxembourg subsidiary of Norddeutsche Landesbank – Girozentrale.

The programme enables the issuance of mortgage bonds under Luxembourg law, the so called "lettres de gage". Currently Luxembourg is the first country in the world to introduce a law on green covered bonds, including a new category of green mortgage bonds, the so called "lettres de gage énergies renouvelables". The NORD/LB Luxembourg S.A. Covered Bond Bank wants to use the opportunities of this new mortgage bond category and adjust the programme accordingly.

Hogan Lovells has advised NORD/LB on the contract arrangements and negotiations with the other banks. "We are happy, we could advise our client in all matters concerning capital markets and tax law, not only in Germany but also in Luxembourg", said Jochen Seitz.

Hogan Lovells for Norddeutsche Landesbank – Girozentrale – 

Frankfurt

Dr. Jochen Seitz (Partner), Sarah Frank (Senior Associate), Stefan Schrewe (Associate,), Eden Siedlak, Deniz Alkanli (Business Lawyers, Capital Markets);

Düsseldorf

Dr. Heiko Gemmel (Partner, Tax);

Luxembourg

Pierre Reuter (Partner), Ariane Mehrshahi (Counsel), Agathe Laissus (Associate, Capital Markets);

Gerard Neiens (Partner), Jean-Philippe Monmousseau (Senior Associate, Tax).


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