find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
L-Bank announces $200 million issuance

L-Bank announces $200 million issuance

Three banks have subscribed to a multimillion-dollar issuance of fixed rate notes by Landeskreditbank Baden-Württemberg – Förderbank.

Firms: Ashurst (Landeskreditbank Baden-Württemberg – Förderbank); In-house counsel (Commonwealth Bank of Australia, Sydney branch of Deutsche Bank AG, and Sydney branch of the Royal Bank of Canada)

Deal: Landeskreditbank Baden-Württemberg – Förderbank (L-Bank) is executing the $200 million issuance of 2.25 per cent fixed rate notes.

Value: AU$200 million

Area: Banking & finance

Key players: The Ashurst team advising L-Bank was led by partner Jamie Ng (pictured).  

Deal significance:

L-Bank is executing the $200 million issuance of fixed rate notes, due in February 2021.

The issuance is being made under L-Bank's AU$5 billion Australian and New Zealand debt issuance program.

The joint lead managers subscribed to the issuance include the Commonwealth Bank of Australia, the Sydney branch of Deutsche Bank AG, and the Sydney branch of the Royal Bank of Canada.

Ashurst partner Jamie Ng, who advised L-Bank, said the deal followed a pattern of financial institutions moving to diversify their funding mix into Australian debt capital markets.

"It was excellent to be able to take the lead working with such a valued client on another market-leading transaction," Mr Ng said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

L-Bank announces $200 million issuance
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...