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Finance & Banking

Clifford Chance acts for bank syndicate on Telia Company's inaugural hybrid securities issue and a related tender offer

22 May 2017

Clifford Chance has advised Citigroup, as Structuring Adviser and Global Coordinator, BNP Paribas and SEB, as Joint Global Coordinators, and Barclays, BofA Merrill Lynch, Goldman Sachs International and Nordea, as Joint Bookrunners, on the issue of almost SEK 15 billion hybrid securities by Telia Company, a leading telecommunications group in the Nordic and Baltic region, and a leading provider of mobile services in Eurasia, headquartered in Sweden.

Clifford Chance advises on India's first IPO of an infrastructure investment trust and on India's second-largest qualified institutional placement

22 May 2017

Clifford Chance advised the underwriters, IDFC Bank, Credit Suisse India, ICICI Securities, and IndiaInfoline (IIFL), on the international law aspects of IRB InvIT Fund's US$785 million IPO on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). This is India's first ever infrastructure investment trust. The transaction established a new form of funding for infrastructure developers in India.

Gide advised Crédit Agricole CIB on the issuance of bonds by Kaufman & Broad for 150 M€

19 May 2017

Gide advised Crédit Agricole Corporate and Investment Bank in connection with the issuance of two tranches of bonds by Kaufman & Broad for a total amount of EUR 150 million admitted to trading on the Marché Libre of Euronext Paris.

Crédit Agricole Corporate and Investment Bank was the sole arranger of this Euro PP financing.

Gide’s team was led by Hubert du Vignaux (partner), assisted by Bastien Raisse and Louis Ravaud (associates).

Kaufman & Broad was advised by White & Case.

White & Case Advises Citibank and Arab National Bank on US$814 Million ACWA Power Management and Investments One Bond

18 May 2017

Global law firm White & Case LLP has advised Citibank as Bond Trustee, Paying Agent, Registrar, Offshore Security Agent and Coordination Agent on the issuance of a US$814 million bond with a 22 year maturity by ACWA Power Management and Investments One Limited, a wholly-owned subsidiary of ACWA Power.

The Firm also advised Arab National Bank in its capacity as Onshore Security Agent, holding security in the Kingdom of Saudi Arabia.

Milbank Advises Banking Consortium on Refinancing of Hofmann Menu Group

18 May 2017

Frankfurt, May 18, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised an international banking consortium led by Bank of Ireland, NIBC and UniCredit as mandated lead arrangers on the refinancing of the Hofmann Menu Group. The deal volume amounts to over EUR 200 million. The financing documentation is structured as a "Term Loan B" financing under English law.

Davis Polk Advises Nederlandse Waterschapsbank Bank N.V. on Its €60 Billion Debt Issuance Program Update

18 May 2017

Davis Polk advised Nederlandse Waterschapsbank Bank N.V. in connection with the annual update of its €60 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised NWB Bank in connection with senior notes issuances totaling $5.65 billion.

Austria: Schoenherr advises Erste Group on Frauscher Sensortechnik leveraged buyout financing

18 May 2017

Schoenherr has advised Erste Group Bank AG ("Erste Group"), one of the leading financial service providers in Central and Eastern Europe, on the financing of the leveraged buyout of Austrian sensor technology manufacturer Frauscher Sensortechnik GmbH ("Frauscher Sensortechnik") by New York-based Greenbriar Equity Group LLC ("Greenbriar").
 
Schoenherr acted as lead counsel to the agent and original lender Erste Group with respect to the structuring and implementation of the leveraged buyout financing under Austrian law.
 

Clifford Chance Closes US$466 million refinancing of Two Wind Farms in Mexico

18 May 2017

Clifford Chance US LLP advised Mexican development bank Banco Nacional de Obras y Servicios Públicos ("Banobras") and EKF Denmark's Export Credit Agency ("EKF") in the approximately USD 466 million refinancing of two wind farms to be constructed by Energía Eólica del Sur in the municipalities of Juchitan and El Espinal in the state of Oaxaca in southern Mexico.