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Finance & Banking

Charles Russell Speechlys acts for Arden Partners plc on recent Main Market placing by Macfarlane Group plc

05 Oct 2017

Charles Russell Speechlys has recently advised Arden Partners plc in its role as financial advisor, sponsor and broker to Macfarlane Group plc (“Macfarlane”) in connection with an oversubscribed placing of £8 million of new shares on the Main Market of the London Stock Exchange. The Placing was conducted by way of an accelerated bookbuild process.

Macfarlane is a leading specialist UK manufacturer and distributor of protective packaging materials headquartered in Glasgow, Scotland.

$3 Billion BP Offering

04 Oct 2017

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $500 million 1.768 percent notes due 2019, $300 million floating-rate notes due 2022, $700 million 2.520 percent notes due 2022 and $1.5 billion 3.279 percent notes due 2027.

King & Wood Mallesons advises arrangers and dealers on ICBC’s listing of its “Belt and Road” Climate Bonds in Luxembourg Stock Exchange

03 Oct 2017

On October 30th, ICBC held a “ring the bell” ceremony in Luxembourg Stock Exchange to celebrate the official listing of its inaugural “Belt and Road” climate bonds successfully issued earlier with a total equivalent of USD 2.15 billion. This issuance of climate bonds has achieved remarkable results in multiple aspects such as structuring, size, pricing, and investor composition, making a milestone transaction as a Chinese issuer in the international capital market.

SBI Life Insurance IPO Marks India’s Largest IPO in Recent Years

03 Oct 2017

In another landmark Asia capital markets transaction, Milbank, Tweed, Hadley & McCloy LLP advised the underwriters on a $1.3 billion successful initial public offering of 120 million equity shares of SBI Life Insurance, a subsidiary of the country's largest lender, State Bank of India, marking India’s first billion-dollar IPO since 2010, and first US$1 billion IPO in India in seven years. The shares were offered under Regulation S/Rule 144A.

Clifford Chance advises on US IPO and NASDAQ-listing of Secoo Holding Limited

03 Oct 2017

Clifford Chance advised the underwriters on the US$110.5 million initial public offering and listing on The NASDAQ Global Market of American depositary shares of Secoo Holding Limited (NASDAQ: SECO). Secoo is Asia's largest online integrated upscale products and services platform as measured by gross merchandise value in 2016. The underwriters were led by Jefferies LLC, as the sole book-running manager. This is the first US IPO of a Chinese e-commerce company since Alibaba Group Holding's IPO in 2014.

WFW advises HSH Nordbank on Danish wind farm project financing

03 Oct 2017

Watson Farley & Williams (“WFW”) has advised HSH Nordbank AG (“HSH Nordbank”) on the financing of the Kappel wind farm in Denmark.

HSH Nordbank provided a long-term financing for the wind farm, which is located on the Danish island of Lolland. The wind farm, which has a total capacity of 25 MW, was built by Danish developer European Energy and acquired by a fund managed by Aquila Capital, the alternative asset management division of the Hamburg-based Aquila Group.

DLA Piper advises Aareal Bank on financing of £500 million Hilton Metropole hotels acquisition

02 Oct 2017

DLA Piper has advised Germany's Aareal Bank on its financing of London-based investor Henderson Park's debut acquisition in the UK hotel market. The £330 million loan supports Henderson Park's £500 million acquisition of the London and Birmingham Hilton Metropole hotels which completed last week.

White & Case Advises on Belfius Bank Issuance of Senior Non-Preferred Notes – First Under New Belgian Legal Framework

02 Oct 2017

White & Case LLP has advised Belfius Bank SA, Credit Agricole CIB, Deutsche Bank AG, Morgan Stanley and Societe Generale CIB, as joint lead managers, on the issuance by Belfius Bank of €750,000,000 Fixed Rate Senior Non-Preferred Notes, the first issuance by a Belgian credit institution of senior non-preferred notes under the new Belgian legal framework.

The transaction settled on September 12, 2017 and the bonds were admitted to trading on the Luxembourg Stock Exchange.