Loyens & Loeff won the IFLR Europe 2021 Award "Debt and Equity Deal of the Year" for advising Novartis with the offering of EUR 1.85 billion 0.000% Sustainability-Linked Notes due 2028. This transaction is the first-ever offering of sustainability-linked notes in the healthcare industry and the first incorporating "social" targets. The winners were announced by IFLR in a virtual ceremony on 29 April 2021.
Loyens & Loeff acted as Luxembourg legal and tax adviser to Novartis alongside Mayer Brown International (acting as English law advisors) and Bär & Karrer AG (acting as Swiss law advisors). The Loyens & Loeff team was led by capital markets lawyers Cédric Raffoul (Partner) and Sixtine Auguet (associate) with support of Willem Bon (Partner) and Nadège Le Gouellec (Counsel), for the tax and transfer pricing aspects, and of banking and finance lawyer from the Zürich office Judith Raijmakers (Partner). Find more details about the deal here.
We take this opportunity to thank all those who have made this possible. This award represents the recognition of our continuous efforts to better serve our clients in a complex and ever changing environment. It also serves as motivation and encouragement to continue going the extra mile to deliver utmost quality in all of the work we do.