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by Legal Desire
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
LawyerFirmSeniorityPracticeOffice
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)