by Legal Desire

15 September 2022

Clifford Chance advises an international banking syndicate of six banks on the EUR 960 million landmark mandatory convertible bond issuance of Siemens Energy

Capital Markets & IPO Financial Services Completed Germany

Advising firms

Clifford Chance

Underwriters acting for BofA Securities and J.P. Morgan as Joint Global Coordinators, BNP PARIBAS and Deutsche Bank as Joint Bookrunners as well as Banco Santander and Credit Suisse as Co-Lead Managers

Deal team

5 lawyers named

Lawyer	Firm	Seniority	Practice	Office
George Hacket	Clifford Chance	Partner	Banking & Finance	Frankfurt
Dominik Heß	Clifford Chance	Partner	Corporate	Düsseldorf
Axel Wittmann	Clifford Chance	Counsel	Banking & Finance	Munich/Frankfurt
Sarah Steece	Clifford Chance	Senior associate	Banking & Finance	London
Andrei Manea	Clifford Chance	Senior associate	Banking & Finance	Frankfurt

Stated terms

Stated value: EUR 960m (EUR 960 million)
What the figure measures: Issue size
Client: BofA Securities and J.P. Morgan as Joint Global Coordinators, BNP PARIBAS and Deutsche Bank as Joint Bookrunners as well as Banco Santander and Credit Suisse as Co-Lead ManagersUnderwriters
Counterparties: Siemens Energy Finance B.V. (Issuer)
Siemens Energy AG (Issuer)