Dechert Advises Rudy Capital on Structuring of a First Bond Issuance
August 26, 2022
Dechert advised the Decentralized Finance (DeFi) experts at Rudy Capital Beratungsgesellschaft mbH on the structuring and initial issuance of debt instruments with a total nominal value of 15 million euros. These are fixed-interest subordinated bearer bonds issued by a Liechtenstein issuer, Rudy Capital GmbH (Liechtenstein), as a private placement and are primarily targeted at professional investors. Rudy Capital Beratungsgesellschaft mbH acts as a strategic advisor to the issuer.
The bonds are intended to give investors access to a market-neutral crypto-assets portfolio that invests in strategies from the DeFi environment, such as lending, liquidity mining or staking. The aim is to generate a steady, positive return regardless of whether the crypto asset markets are rising, falling or flat. The actively managed and risk-adjusted portfolio combines return strategies from sustainable sources of return, which are intended to enable long-term performance without speculation on the crypto-asset markets.
The Dechert team that advised Rudy Capital included private funds and tax partner Hans Stamm (Munich/Frankfurt) and private funds associate Matthias Meinert (Munich).
About Dechert
Dechert is a leading global law firm with 22 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
