A team led by Dr. Thorsten Kuthe and Dr. Markus Rabe, Partners at the Cologne and Munich offices of the law firm of Heuking Kühn Lüer Wojtek, advised credX on establishing a digital marketplace for debt capital. At its start, Deutsche Telekom issued a borrower's note loan with a volume of EUR 50 million and a ten-year term to insurance companies of AXA Group.
Acting as a neutral intermediary, credX enables private placements of bonds, promissory notes, and loans, providing an alternative to placement by banks. Members of the new platform will be able to initiate, negotiate, close, and coordinate issues and loan applications. Issuers with good to very good credit ratings and professional investors can now register with credX.
Cologne-based credX AG is a regulated financial services institution; it is subject to the relevant laws such as the German Securities Trading Act, the Banking Act, and the Anti-Money Laundering Act and is supervised by the Federal Financial Supervisory Authority BaFin.
Counsel to credX AG
Heuking Kühn Lüer Wojtek:
Dr. Thorsten Kuthe (Lead Capital Markets), Cologne
Dr. Markus Rabe, LL.M. (Lead Banking Supervisory Law), Munich
Meike Dresler-Lenz (Capital Markets),
Dr. Lutz Martin Keppeler (Data Protection), both Cologne