International law firm Allen & Overy advised Dresdner Kleinwort Wasserstein on the successful bond issue by the City of Gelsenkirchen, exchangeable into 2,758,925 RWE AG shares. With a total volume of e129 million, the bonds will mature in 2009.
The Allen & Overy team was led by Frankfurt-based partners Dr. Michael Schlitt (coordination) and Dr. Oliver Seiler, assisted by associate Dr. Susanne Schäfer. Partner Thomas Pschera and associate Dr. Marcus Hödl advised on public law matters. The team was completed by partner Dr. Thomas Werlen and senior associate Dr. Dorothee Fischer-Appelt (US law group,
London) and senior associate Dr. Asmus Mihm (tax, Frankfurt).
Michael Schlitt comments:
“We are delighted that we were given the opportunity to advise Dresdner Kleinwort Wasserstein on this exchangeable bond. This mandate provided us with a further opportunity to demonstrate our experience in equity capital markets as well as our capability to render integrated advice from our various departments.”