Simmons & Simmons has advised CYBG PLC on the establishment of its £10 billion Global Medium Term Note Programme and on the issuance of £300 million Fixed-to-Floating Rate Senior Notes due 2025. This is the first senior bond issuance by CYBG PLC and the Senior Notes are intended to count towards CYBG’s MREL requirements.

Ashurst advised Bank of Cyprus on the successful restructuring of €300m of debts owed by the Louis Group which owns and operates hotels in Cyprus and Greece. The deal was the culmination of more than two years of negotiation between six Cypriot banks, fifty-two companies in the Group (including one company that is listed on the Nicosia Stock Exchange) and other stakeholders. It is understood that this multi-bank approach based on complex, syndicate-style documentation is the first of its kind in Cyprus.

International law firm Simmons & Simmons has advised CYBG PLC on the establishment of its £10 billion Global Medium Term Note Programme and on the issuance of £300 million Fixed-to-Floating Rate Senior Notes due 2025. This is the first senior bond issuance by CYBG PLC and the Senior Notes are intended to count towards CYBG’s MREL requirements.

Led by their Frankfurt-based Partner Michael Schlitt, Hogan Lovells advised Commerzbank AG on the payment of a share dividend and a rights issue in connection thereto by Vonovia SE.

Shearman & Sterling represented Citigroup Global Markets Limited, J.P. Morgan Securities LLC and BofA Merrill Lynch as the dealer managers in the five-day any and all cash tender offer of $500 million aggregate principal amount of 7.50% notes due 2019 (the “notes”) of International Game Technology, a Nevada corporation and a wholly owned subsidiary of International Game Technology PLC (NYSE:IGT).  An aggregate principal amount of $355,697,000 notes were purchased pursuant to the tender offer and settlement took place on June 21, 2017.

Mr Green & Co AB has carried out a private placement of five million new shares and one million existing shares. The new issue will raise SEK 195 for the company before deductions for transaction costs. The funds will be used to finance and enable continued expansion; both organic and by way of acquisition.

It is expected that trading in the new shares will start around 16 June 2017.

Trading of shares in BONESUPPORT HOLDINGS on Nasdaq Stockholm commenced today.

BONESUPPORT AB is a Scandinavian orthobiologics company that develops and markets CERAMENT™, an innovative range of radiopaque injectable osteoconductive and drug-eluting bioceramic products that have a proven ability to heal defects by remodeling to host bone in six to twelve months. The products are effective in treating patients with fractures and bone voids caused by trauma, infection, disease or related surgery.

On 7 June, the transaction was closed in which PFR and PZU acquired approx. 32.8% of the shares in Bank Pekao, for a total of PLN 10.6 billion (EUR 2.65 billion approx.). This came after Poland's Financial Supervisory Authority (the KNF) approved the transaction on 4 May, as performance of the share purchase agreement concluded in December 2016. With this operation, PZU now owns 52.49 million shares (approx. 20%), while PFR holds 33.6 million shares (approx. 12.8%) in Bank Pekao.

De Pardieu Brocas Maffei advises Export-Import Bank of China on the offering of US $300,000,000 Floating Rate Notes by its Paris Branch

De Pardieu Brocas Maffei advised Export-Import Bank of China on the debut offering of US $300,000,000 Floating Rate Notes Due 2020 issued by the Export-Import Bank of China, Paris Branch, under the US $27,000,000,000 Medium Term Notes Programme (the “Programme”).

On 19 June, Swedish fintech leader Klarna was granted a banking licence by the Swedish Financial Supervisory Authority.

Klarna was founded in 2005 in Stockholm and is now one of Europe's largest banks, providing easy to use payment solutions for 60 million consumers across 70.000 merchants in 18 markets. Klarna offers direct payments, pay after delivery options and instalment plans in a smooth one-click purchase experience that lets consumers pay as and when they prefer. Klarna is backed by investors such as Sequoia Capital, Bestseller, Atomico and General Atlantic.