Hogan Lovells advises BSK 1818 on social bonds
Hogan Lovells has advised BSK 1818 AG, the owner of Berliner Sparkasse and a separate savings bank association under the Berlin Savings Bank Act, on the preparation of its Social Bond Framework and the update of its debt issuance programme for the issuance of notes and covered bonds.
The Social Bond Framework provides for the issuance of Social Bonds in accordance with the ICMA Social Bond Principles 2025 (ICMA SBP). BSK 1818 AG intends to use the net proceeds from the Social Bonds to finance newly concluded social loans and/or refinance existing social loans attributable to the ICMA SBP categories “affordable housing” and “affordable basic infrastructure”.
The Hogan Lovells team
The Hogan Lovells team was led by partner Jochen Seitz (pictured), with support from counsel Stefan Wollmert-Schrewe and associate Anna Hersener (all capital markets, Frankfurt), alongside partner Leopold von Gerlach and counsel Christina Kesting (both IP, Hamburg and Frankfurt).
