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Finance & Banking

Clifford Chance advises National Bank of Kuwait on the establishment of its GMTN programme and debut US$750 million issuance

31 May 2017

Clifford Chance has advised National Bank of Kuwait S.A.K.P. (NBK) on the establishment of its US$3 billion Global Medium Term Note (GMTN) programme and its inaugural Rule 144A/Regulation S international debt capital markets issuance thereunder.

Gide on the issuance of EUR 500 million bonds by Groupe SEB

31 May 2017

Gide advised BNP Paribas, Crédit Agricole CIB, Natixis and Société Générale as Joint Lead Managers, on the issuance by SEB of its 500 million 1.50 per cent. notes due May 2024 admitted to trading on Euronext Paris.

Gide’s team was led by Hubert du Vignaux (partner) assisted by Laurent Vincent (counsel), Aude-Laurène Dourdain and Juliette Pierre (associates).

Baker McKenzie acts on $350 million equity raising by Qube to fund Moorebank Logistics Park and other growth initiatives

31 May 2017

Baker McKenzie acted for UBS as the sole Lead Manager and Underwriter to Qube's $350 million equity raising. Funds raised will be directed to Qube's development at Moorebank - the largest intermodal precinct in Australia, along with other growth projects.

Baker McKenzie lead partner, Lauren Magraith stated:

 We were delighted to act for our client, UBS, as the sole Lead Manager and Underwriter on another raising for Qube Holdings

Gernandt & Danielsson advises Volati in the acquisition of Akademibokhandeln

31 May 2017

Volati has signed an agreement to acquire the shares in Akademibokhandeln Holding AB.

The purchase consideration for 100% of the shares amounts to SEK 263 million. The acquisition will take place at an estimated enterprise value (EV) of about SEK 760 million. The management will remain as shareholders, with holdings amounting to around 5.2% of the shares in Akademibokhandeln Holding AB. The acquisition is conditional on approval from the Swedish Competition Authority.

Homburger advised UBS in its Issuer Substitution of TLAC bonds

31 May 2017

On May 22 and May 24, 2017, UBS conducted an issuer substitution under approximately USD 17.3 bn bail-inable (TLAC) notes (the "Notes") issued by UBS Group Funding (Jersey) Limited (the "Old Issuer") and guaranteed by UBS Group AG, where the Old Issuer was substituted with UBS Group Funding (Switzerland) AG (the "New Issuer"), a fully owned subsidiary of UBS Group AG.

Ashurst advises RateSetter on A$20m partnership with the Clean Energy Finance Corporation

30 May 2017

Ashurst has advised peer-to-peer lending platform operator, RateSetter, on an arrangement with the Clean Energy Finance Corporation (CEFC) who will invest A$20 million to fund "green loans".

The green loans will fund households and businesses wanting to buy clean energy products and represents a unique partnership between a government authority and a leading fintech lending platform.