Hengeler Mueller advises on new investment product “Overnight Bond”

Hengeler Mueller has advised the Federal Republic of Germany as well as the Bundesrepublik Deutschland-Finanzagentur GmbH (German Finance Agency) on the development and implementation of a new investment product termed “Tagesanleihe” (Overnight Bond).

The Overnight Bond is an investment product particularly suited to private investors. The rate of return is aligned to the call rates on the interbank market (EONIA). The Overnight Bond is the Federal Republic of Germany’s first new investment instrument in the private investor segment for decades.

Advice was provided by partners Hendrik Haag (Capital Markets, Frankfurt) and Hermann-Josef Tries (Tax, Frankfurt) as well as associate Bianka Bielecke (Frankfurt).