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Finance & Banking

Shinhan Bank Completes US$350 Million Tier II Subordinated Notes Offering

21 Sep 2017

Simpson Thacher, acting as sole international counsel, represented BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, MUFG Securities EMEA plc, Shinhan Asia Limited and Shinhan Investment Corp., as joint lead managers in connection with the offering of U.S.$350 million of 3.75% Tier II Subordinated Notes due 2027 by Shinhan Bank under its U.S.$6 billion Global Medium Term Note program. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.

Gateley Plc advises Freedom Finance on joint venture with ASDA Money

21 Sep 2017

Gateley Plc, the legal business of law-led professional services group Gateley, has advised leading lending platform Freedom Finance on its joint venture with ASDA Money.

The deal sees both businesses launch a market-first ASDA Personal Loans offering, which will allow ASDA’s customers to access affordable finance. The joint venture will use Freedom Finance’s financial technology platform to search a panel of trusted lenders.

Clifford Chance Moscow advises arrangers and bookrunners on US$850 million credit facility for Uralkali

20 Sep 2017

Clifford Chance Moscow has advised 11 international banks on the US$850 million pre-export financing for Uralkali, one of the world’s largest potash producers.

ING and Natixis acted as Joint Facility Coordinators on the transaction, alongside additional bookrunners and MLAs Commerzbank, Credit Agricole, SocGen (Rosbank) and UniCredit.

In addition, Bank of America, ICBC and RB International committed as arrangers, and Bank of China and IKB joined as lenders.

Ashurst advises Equitix on co-investment arrangements for acquisition of Skanska’s and Atkins'stakes in M25

19 Sep 2017

Ashurst advised Equitix on the establishment of co-investment structures which, alongside Equitix Fund IV (Equitix's fourth core infrastructure fund) and other consortium members, acquired 100% of the stake held by Skanska and Atkins in the M25 orbital motorway network.

Ashurst advises Equitix on co-investment arrangements for acquisition of HS1 rail concession in UK

19 Sep 2017

Ashurst advised Equitix on the establishment of co-investment structures which, alongside Equitix Fund IV and other consortium members, acquired the stakes held by Ontario Teachers' Pension Plan and Borealis Infrastructure in the HS1 high speed rail line.

The HS1 concession runs to 2040 and has an enterprise value of over £3 billion.  HS1 includes the iconic London St Pancras train station and consists of a 109 km high speed rail line connecting London to a high speed commuter service throughout Kent and to European cities via the Channel Tunnel.

Dentons in Poland advises on the financing of Warsaw Spire

19 Sep 2017

Dentons advised a consortium of three German banks - Helaba, Deutsche Pfandbriefbank and Berlin Hyp - on the refinancing of the Warsaw Spire office complex. The value of the loan facility was €370 million.

The prestigious office complex, situated at Europejski Square in Warsaw, consists of the 180 m tall Warsaw Spire high-rise tower and two other buildings, comprising jointly 115,000 sqm of office space.