Noerr again advises TAG Immobilien AG on placement of EUR 125 million bond

The law firm Noerr has again advised TAG Immobilien AG (TAG) on the issue of a corporate bond. The EUR 125 million bond issued through a private placement with institutional investors has a term of six years and pays a coupon of 3.75%.

The bond is already traded in the Open Market of the Frankfurt Stock Exchange, with participation in the Prime Standard for corporate bonds. The net proceeds expected from the bond will primarily be used by TAG to finance its continued growth. By issuing the bond, the Company creates further advantages for acting flexibly and at short notice.

Close Brothers Seydler Bank AG acted as the sole coordinator and sole bookrunner for the placement of the bond.

The Noerr team was led by the Frankfurt capital market lawyers, Dr Sebastian Wulff and Dr Laurenz Wieneke. Noerr advises TAG on a regular basis, such as on the acquisition of the federally owned TLG Wohnen GmbH and of DKB Immobilien AG. Earlier this year TAG relied on Noerr’s legal advice when increasing a corporate bond by EUR 110 million.

Advisor TAG Immobilien AG: Noerr LLP

Dr Sebastian Wulff, Dr Laurenz Wieneke

Associates: Dr Ivan Zlatanov, Dominik Kloka (all capital market law, Frankfurt)