Frankfurt—Global law firm Dentons, with a team led by Oliver Dreher, has advised Landesbank Baden-Württemberg (LBBW), DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Landesbank Hessen-Thüringen Girozentrale (Helaba), and Norddeutsche Landesbank – Girozentrale – (Nord LB) as joint lead managers on the placement of a €300 million covered mortgage bond (Pfandbrief) issued by Sparkasse Pforzheim Calw.

The placement with national and international investors was significantly oversubscribed. Sparkasse Pforzheim Calw is one of the largest savings banks (Sparkassen) in Germany.

Partner Oliver Dreher and his team have assisted LBBW in numerous capital market projects in the past, including the placement of the debut benchmark Pfandbrief of Sparkasse Pforzheim Calw with a total volume of €500 million. They regularly advise leading issuers, banks and investors on large-volume and international capital market transactions.

Advisors to the banking syndicate

Dentons (Frankfurt): Oliver Dreher (Partner, Lead), Nadja Reiß (Senior Associate), Sven Henneke and Luis Michalzik (both Project Manager Legal—all Capital Markets)

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