S&C client Barclays PLC completed an SEC-registered offering of $2 billion aggregate principal amount of 4.836% fixed rate subordinated notes due 2028. The subordinated notes qualify as Tier 2 capital instruments under applicable U.K. bank capital regulations.
The S&C London-based team on the public debt offering included John O’Connor, Evan Simpson and Umberto Hassan, with Eric Wang and Tessa Lee advising on tax matters.
CMS’ Equity Capital Markets team has advised on six capital markets transactions in its first two weeks, each in one of the newly merged firm’s core sectors. Commenting on the transactions, new co-head of Corporate, Iain Newman said: “These transactions demonstrate CMS' stand out expertise and increased bench strength in equity capital markets. We look forward to further cementing our reputation as a first class legal provider for equity capital markets deals”.
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Ashurst is acting for China Development Bank on an approximately US$4.5 billion financing for the Jakarta-Bandung High Speed Rail Project. The loan agreement was signed at a ceremony witnessed by the Chinese and Indonesian Presidents during the recent "Belt and Road Forum for International Cooperation" in Beijing.
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised BOCOM International Holdings Company Limited (‘BOCOM International’) on its US$230m spin-off and separate listing from Bank of Communications Co., Ltd. (‘Bank of Communications’). The shares commenced trading on the Hong Kong Stock Exchange today.
CMS’ Equity Capital Markets team has advised on six capital markets transactions in its first two weeks, each in one of the newly merged firm’s core sectors. Commenting on the transactions, new co-head of Corporate, Iain Newman said: “These transactions demonstrate CMS' stand out expertise and increased bench strength in equity capital markets. We look forward to further cementing our reputation as a first class legal provider for equity capital markets deals”.
Eve Sleep plc
Simmons & Simmons is advising Moody’s Corp on its recent acquisition of Dutch business information and analytics provider Bureau van Dijk.
Simmons & Simmons has advised the US credit ratings agency, a longstanding client, in relation to the employment law, pensions and incentives elements of the transaction across 25 countries, with the deal expected to be completed later this year.
London, 18 May, 2017 - Hogan Lovells has advised the European Investment Bank (EIB) on an quasi-equity loan financing up to EUR 30 million with the EPS Group. Electro Power Systems is an Italian based technology pioneer in energy storage systems and microgrids whose holding company is listed on the French-regulated market, Euronext Paris.
Herbert Smith Freehills has advised Clean Energy Finance Corporation (CEFC) on the project financing for the development, construction and operation of the A$100 million Collinsville Solar Farm. The project was financed through the CEFC’s large-scale solar program which committed more than $370 million in finance, and the Australian Renewable Energy Agency’s (ARENA) A$92 million large-scale solar round.
Herbert Smith Freehills has advised the lenders on an underwritten bank financing supporting the proposed $3.9bn sale of Engie's exploration and production business (EPI) to Neptune Energy, a company led by Sam Laidlaw and backed by global alternative asset managers The Carlyle Group (through Carlyle International Energy Partners) and CVC Capital Partners Fund VI and a group of co-investors.
Clifford Chance advised CACEIS, the asset servicing bank of the Crédit Agricole group and one of the leading depositary bank and funds administrator in Europe, with the restructuring of its European activities. This simplification of the CACEIS banking group structure has been carried out through the cross-border mergers of CACEIS Bank Luxembourg and CACEIS Bank Germany into CACEIS Bank France.