Press release | 10/31/22
SZA Schilling, Zutt & Anschütz advises Südzucker on the Emission of a Sustainability-Linked Bond
Law firm SZA Schilling, Zutt & Anschütz has advised Südzucker on the emission of a corporate bond as part of the Südzucker Sustainability-Linked Financing Framework.
The emission volume of the bond, which is issued by Südzucker International Finance B.V. and guaranteed by Südzucker AG, is EUR 400 million. The bond has a term of five years and a coupon of 5.125 percent. In the event that the targeted interim goal to reduce CO2 emissions is not achieved, bondholders will receive a redemption premium of 0.5 percent of the bond’s nominal value.
The emission was accompanied by a banking syndicate consisting of BNP Paribas, Deutsche Bank AG, DZ Bank AG, Landesbank Baden-Württemberg and UniCredit Bank AG.
The Südzucker in-house team for this transaction was led by Cornelius Willer (Head of Corporate Finance & Treasury).
The SZA Schilling, Zutt & Anschütz team was led by Markus Pfüller and included Philipp von Ploetz and Phillip Kablitz (all Capital Markets, Frankfurt/Main).
SZA Schilling, Zutt & Anschütz Rechtsanwaltsgesellschaft mbH
Schilling, Zutt & Anschütz has been one of the most respected German business law firms for almost one century. With approximately 100 lawyers and offices in Frankfurt, Mannheim, Munich, and Brussels, the firm advises national and international clients on complex legal issues arising in business.