Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
Gide has advised the Council of Europe Development Bank (CEB) on its syndicated issuance of Covid-19 Response Social Inclusion Bonds for a total amount of EUR 1 billion at a rate of 0.000 per cent. and due 2027. The funding will be used to support CEB member countries in mitigating the social and economic impact of the ongoing Covid-19 crisis.
The Covid-19 Bonds are issued within the CEB Social Inclusion Bond framework, which is being adapted so that financing can be extended to the health sector, where countries have increased needs because of the pandemic.
The proceeds raised will also finance new or existing social projects which support micro, small and medium-sized enterprises (MSMEs) in order to create and preserve jobs.
Gide’s team was led by partner Hubert du Vignaux, working with associate Lou Recht.
The bank syndicate, composed of Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and HSBC Bank plc, was advised by Clifford Chance LLP's team in London.
