Clifford Chance acted as New York counsel to the Colombian development bank Financiera de Desarrollo Nacional S.A. ("FDN") (as lender) in connection with the structuring and negotiation of a New York law-governed COP600 billion (approx. US$220 million) loan facility to the Inter-American Investment Bank ("IDB") and the Inter-American Investment Corporation ("IDB Invest").

Leading international law firm Clifford Chance has fielded a cross border team to advise BNP Paribas, HSBC Bank plc, The Bank of Tokyo-Mitsubishi UFJ, Ltd., a member of the Mitsubishi UFJ Financial Group and Santander UK plc as Active Bookrunners in the syndication of Glencore's refinancing of its Short-term Revolving Credit Facilities. This refinancing has increased the size of the facilities from US$7.335 billion to US$9.085 billion, with final maturity to occur in May 2020.

CMS has advised Credit Suisse (Hong Kong) as the sole bookrunner in connection with the listing of two convertible bonds of South Korean LG Chem at the Vienna Stock Exchange. The convertible bonds with a volume of EUR 315m and USD 220m were placed with institutional investors and listed on the Vienna Stock Exchange's Third Market.

CMS has advised Credit Suisse (Hong Kong) as the sole bookrunner in connection with the listing of two convertible bonds of South Korean LG Chem at the Vienna Stock Exchange. The convertible bonds with a volume of EUR 315m and USD 220m were placed with institutional investors and listed on the Vienna Stock Exchange's Third Market.

Frankfurt/Main – Hanover-based Continental AG has renewed and expanded its issuance platform for short-term bonds. Continental AG’s commercial paper programme now has a maximum value of EUR 1.5 billion. Commerzbank AG is acting as arranger and dealer. The dealer consortium also includes Bank of America, Merrill Lynch International Limited, Bayerische Landesbank, BNP Paribas, DZ BANK AG, ING Bank N.V., Landesbank Baden-Württemberg and The Royal Bank of Scotland plc (trading as NatWest Markets).

DLA Piper has advised on the development and structuring of a new finance scheme to help small states to obtain easier access to international trade finance, which was launched on Tuesday 17 April at the Commonwealth Heads of Government Meeting (CHOGM) in London.

India, Sri Lanka, Mauritius and Malta have provided $5 million of capital to the scheme, called the Commonwealth Small States Trade Finance Facility. Standard Chartered Bank and the Bank of Baroda are the facility managers.

The Dublin office of DWF has acted for commercial German-based bank Norddeutsche Landesbank (NORD/LB) on a groundbreaking financing in the Irish social housing sector.

The Dublin office of international legal business DWF has acted for commercial German-based bank Norddeutsche Landesbank (NORD/LB) on a groundbreaking financing in the Irish social housing sector. The €50m transaction involved the devising of an innovative limited-recourse project finance structure for one of the largest Approved Housing Bodies (AHBs) in Ireland, Oaklee Housing.

Judgment has today been handed down in the long-running cases of Investec Trust (Guernsey) Limited and another v Glenalla and others and in Rawlinson & Hunter Trustees S.A. v ITGL and another with the Judicial Committee of the Privy Council finding in favour of Macfarlanes’ client, ITG Limited (“ITGL”), on all issues.

Baker McKenzie successfully acted for UBS as the sole lead manager and underwriter of Link Administration Holdings Limited’s (Link) AUD$300 million placement of ordinary shares.

Shearman & Sterling advised Citigroup Global Markets Limited, Goldman Sachs International and RBC Capital Markets, LLC, as joint book-running managers, and Barclays Bank PLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as co-managers, in connection with Ontario Teachers’ Finance Trust’s (OTFT) U.S. Rule 144A/Regulation S private placement of $2 billion aggregate principal amount of 2.750% Senior Notes due 2021. The notes are guaranteed by OTFT’s parent, Ontario Teachers’ Pension Plan Board.