Cravath represented the European Investment Bank in connection with its $4 billion registered notes offering. The European Investment Bank, which functions as the bank of the European Union, supports projects that make a significant contribution to growth, employment, economic and social cohesion and environmental sustainability, both in the EU and beyond. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 13, 2018.

The Cravath team included partner Philip J. Boeckman and associates Winnie Ling, Norman J. Walczak and Ingo M. Berner.

Global law firm Norton Rose Fulbright has advised Al Rayan Bank Plc (Al Rayan) on a £250 million Shariah-compliant securitisation of home purchase plans (HPPs). The firm acted as structuring and documentation counsel.

The transaction, Tolkien Funding Sukuk No. 1 Plc (Tolkien), is the first Shariah-compliant public HPP backed securitisation in the UK. It is also the first public securitisation in the UK to be issued under the UK’s “alternative finance arrangements” regime designed to facilitate Shariah-compliant securitisations.

Berwin Leighton Paisner (BLP) has advised Macquarie Capital (Macquarie) on the introduction of EnBW Energie Baden-Württenberg AG (EnBW) to its partnership with Swancor Renewable (Swancor) to jointly develop 2-GW of offshore wind projects in Taiwan, known as the Formosa III project.

Completion of the transaction is subject to a number of conditions precedent, including Taiwan Investment Committee approvals.

Ashurst is advising Rothschild in relation to the £46 million recommended cash takeover of Stadium Group plc by TT Electronics plc.

Norton Rose Fulbright has advised Al Rayan Bank Plc (Al Rayan) on a £250 million Shariah-compliant securitisation of home purchase plans (HPPs). The firm acted as structuring and documentation counsel.

The transaction, Tolkien Funding Sukuk No. 1 Plc (Tolkien), is the first Shariah-compliant public HPP backed securitisation in the UK. It is also the first public securitisation in the UK to be issued under the UK’s “alternative finance arrangements” regime designed to facilitate Shariah-compliant securitisations.

Clifford Chance has acted as international legal counsel to the lenders in respect of the financing of the design, construction, operation, maintenance and repair of the Kinali-Odayeri and Kurtkoy-Akyazi sections (including access roads) of the Northern Marmara Motorway procured by the General Directorate of Highways of Turkey under the build-operate-transfer model.

International law firm, Berwin Leighton Paisner (BLP) has advised Macquarie Capital (Macquarie) on the introduction of EnBW Energie Baden-Württenberg AG (EnBW) to its partnership with Swancor Renewable (Swancor) to jointly develop 2-GW of offshore wind projects in Taiwan, known as the Formosa III project.

Completion of the transaction is subject to a number of conditions precedent, including Taiwan Investment Committee approvals.

Hogan Lovells advised LeasePlan Corporation N.V. on the setting up of the first public securitisation of lease and related residual value receivables originated by its French subsidiary, LeasePlan France, for a total of 653,000,000 euros.

LeasePlan France is a leading actor in the French domestic multi-brand vehicle leasing market. LeasePlan has already set up similar operations in other jurisdictions including the United Kingdom, Germany and The Netherlands.

Shearman & Sterling represented Goldman Sachs International, BNP Paribas, Deutsche Bank, Banca Akros S.p.A. Gruppo Banco BPM, Banca IMI and Raiffeisen Bank International on KME AG’s €300 million offering of its 6¾% senior secured notes due 2023. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on February 9, 2018.

Travers Smith LLP has advised TruFin plc, the FinTech and banking business, on its £185 million IPO and admission to AIM.

TruFin plc successfully conducted a conditional placing and subscription of Ordinary Shares to raise gross proceeds of approximately £70 million.