Debt Capital Markets Transactions

Cosmo Pharmaceuticals NV develops and manufactures therapies for gastrointestinal diseases. The Company's proprietary technology delays the delivery of the active drug mainly into the lumen of the colon. Cosmo develops treatments for inflammatory bowel diseases such as ulcerative colitis and Crohn's disease, and for colon infections.

Issuer: Cosmo Pharmaceuticals NV
Ticker: COPN SW
Country: Switzerland
Sector: Pharmaceuticals
Offer size: EUR 175m (EUR 100,000 per bond)

Coupon range: 1.750%-2.500% (s.a.)
Conversion premium: fixed at 20% above the reference price
Issue price: 100% of the principal amount
Maturity: 5 years
Final pricing terms: 2.500% coupon, 20.0% conversion premium
Use of proceeds: General corporate purposes, potential acquisitions and in-licensing transactions

Berenberg role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Credit Suisse, Jefferies

Timing:

Launch of ABB: 28 November 2018
Pricing date: 29 November 2018

Aroundtown manages and invests in commercial and residential real estate assets across Europe.

Type: Incentivized Convertible Bond Conversion Offer
Issuer: Aroundtown SA
Ticker: AT1 GY
Country: Luxembourg
Sector: Real Estate
Redemption size: EUR 300m (EUR 100,000 per bond)
Maturity: 5 years
Conversion offer terms: EUR 2,000 per bond
Backround: Incentivized conversion offer to holders of the pre-IPO convertible bond issued in 2015 as the equity call option has been deeply in the money
Berenberg role: Sole Global Coordinator & Sole Advisor
Syndicate: Berenberg
Timing:

June-October 2018

A producer of carbon and graphite materials, specialty graphite, corrosion protection products, and fibers and composites. The Company manufactures graphite and carbon electrodes, cathodes, mold stock, mechanical carbons, corrosion resistant products and systems, composites, and carbon-ceramic brake discs.

Issuer: SGL Carbon SE
Ticker: SGL GY
Country: Germany
Sector: Speciality Chemicals
Offer size: EUR 159.3m (EUR 100,000 per bond)

Coupon range: 2.250%-3.000% (s.a.)
Conversion premium: 30.0%-35.0% above the reference price
Issue price: 100% of the principal amount
Maturity: 5 years
Final pricing terms: 3.000% coupon, 30.0% conversion premium
Use of proceeds: The proceeds will be used to refinance existing debt, prolong the maturity profile, increase financial flexibility for further growth and for general corporate purposes

Berenberg role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, Deutsche Bank, BNP Paribas, HSBC

Timing:

Launch of ABB: 13 September 2018
Pricing date: 13 September 2018

An operator of an online pharmacy. The Company markets and distributes non-prescription medications, beauty products, and personal care items across Europe.

Issuer: Shop Apotheke Europe N.V.
Ticker: SAE GY
Country: Germany / Netherlands
Sector: Pharmaceutical distribution
Offer size: EUR 75m (EUR 100,000 per bond)

Coupon range: 3.500%-4.500% (s.a.)
Conversion premium: 25%-32.5% above the reference price
Issue Price: 100% of the principal amount
Maturity: 5 years
Final Pricing terms: 4.500% coupon, 25% conversion premium
Use of proceeds: The net proceeds raised will primarily be used to finance acquisitions in the OTC segment mainly in Germany to further accelerate growth of Shop Apotheke as well as for general corporate purposes

Berenberg role: Sole Global Coordinator & Sole Bookrunner
Syndicate: Berenberg

Timing:

Launch of ABB: 12 April 2018
Pricing date: 12 April 2018

Borealis Finance LLC

Borealis is a privately owned and independent shipping management company

Ticker: BRSFIN
Country: Germany/ Marshall Islands
Deal type: Senior Secured Bond Tap
Volume: USD 50m
Yield/ maturity: 7.625% 11/2022
UoP: Additional vessel acquisitions and related working capital and capex

Syndicate: Berenberg, DNB Markets, Pareto Securities
Berenberg Role: Joint Global Coordinator/ Joint Bookrunner
Date: Feb 2018