8 November 2023
Clifford Chance advised Volkswagen on the establishment of a Renminbi Debt Financing Instruments Issuance Programme (DFI Format) and the inaugural Renminbi 1.5 billion Panda bond issue under the progamme
Advising firms
Deal team
20 lawyers named| Lawyer | Firm | Seniority | Practice | Office |
|---|---|---|---|---|
| Christine Chen Lead | Fangda Partners | Not stated | Not stated | Not stated |
| Sebastian Maerker | Clifford Chance | Partner | Capital Markets | Frankfurt |
| George Hacket | Clifford Chance | Partner | Capital Markets | Frankfurt |
| Wolfgang Ettengruber | Clifford Chance | Senior associate | Capital Markets | Frankfurt |
| Andrei Manea | Clifford Chance | Senior associate | Capital Markets | Frankfurt |
| Steffen Braun | Clifford Chance | Other | Capital Markets | Frankfurt |
| Marlen Klepsch | Clifford Chance | Other | Capital Markets | Frankfurt |
| Olaf Mertgen | Clifford Chance | Partner | Tax | Frankfurt |
| Jurgen van der Meer | Clifford Chance | Partner | Capital Markets | Amsterdam |
| Dewi Walian | Clifford Chance | Counsel | Capital Markets | Amsterdam |
| Gesrow Hamid | Clifford Chance | Senior associate | Capital Markets | Amsterdam |
| Helen Liefting | Clifford Chance | Associate | Capital Markets | Amsterdam |
| Michiel Sunderman | Clifford Chance | Partner | Tax | Amsterdam |
| Nolan Groenland | Clifford Chance | Counsel | Tax | Amsterdam |
| Robin Houtveen | Clifford Chance | Associate | Tax | Amsterdam |
| Angela Chan | Clifford Chance | Partner | Capital Markets | Hong Kong |
| Torrance Shi | Clifford Chance | Counsel | Capital Markets | Hong Kong |
| Michael Cheng | Clifford Chance | Associate | Capital Markets | Hong Kong |
| Helen Zhao | Fangda Partners | Not stated | Not stated | Not stated |
| Ariel Fan | Fangda Partners | Not stated | Not stated | Not stated |
Stated terms
- Stated value
- CNY 1.50bn (Renminbi 1.5 billion)
- What the figure measures
- Issue size
- Client
- VolkswagenIssuer
- Counterparties
- China Construction Bank (Underwriters)
HSBC (Underwriters)