Hogan Lovells advises banks on the placement of an EUR 500 million subordinated Tier 2 bond issued by NORD/LB

Press releases | 12 September 2025

Led by Frankfurt partner Dr. Jochen Seitz, global law firm Hogan Lovells advised a banking syndicate consisting of BofA Securities Europe SA, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe SE, NATIXIS, Nomura Financial Products Europe GmbH and NORD/LB (lead) on the placement of a subordinated Tier 2 bond of NORD/LB with an issue volume of EUR 500 million.

On 10 September 2025, the bond was successfully placed and admitted to trading on the regulated market of the Luxembourg Stock Exchange. The bond has a term of 10,25 years and a coupon of initially 4.375 percent that is adjusted by way of a reset mechanism after 5,25 years. Moody's assigned a Baa1 rating and Fitch assigned an A- rating. The subordinated bond serves to strengthen the total capital ratio and is to be classified as Tier 2 capital in accordance with Regulation (EU) 575/2013 (CRR).

This is one of numerous transactions for NORD/LB that the Hogan Lovells team regularly advises on.

NORD/LB press release: NORD/LB issues Tier 2 bond in benchmark format

Hogan Lovells team for the banks

Dr. Jochen Seitz (Partner), Dr. Stefan Schrewe (Counsel), Anna Hersener (Associate) (all Capital Markets, Frankfurt)