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Finance & Banking

Davis Polk Advises The Royal Bank of Scotland Group plc on Its $3 Billion Notes Offering

18 May 2017

Davis Polk advised The Royal Bank of Scotland Group plc, a public limited company incorporated under the laws of Scotland, in connection with its SEC-registered shelf takedown of $1.5 billion aggregate principal amount of 3.498% fixed-rate/floating-rate senior notes due 2023 and $1.5 billion aggregate principal amount of floating-rate senior notes due 2023.

King & Wood Mallesons advises China Development Bank Henan Branch on completion of the first Russian aircraft financing project

18 May 2017

The Henan branch of China Development Bank (“CDB”), advised by King & Wood Mallesons, provided financing to a joint venture leasing company in Henan province (as the owner and lessor, the "borrower"), to help the company lease several aircraft to a Russian airlines (the “lessee”). On 28 April, 2017, the first three new Airbus A320-214 aircraft were successfully delivered respectively at the Airbus Blagnac Delivery Center, France and Hamburg Delivery Center, Germany.

McCann FitzGerald advise Goodbody, Bank of America Merrill Lynch and Davy on the placing of approximately 33.7 million shares in Cairn Homes plc

17 May 2017

McCann FitzGerald advised Goodbody and Bank of America Merrill Lynch as Bookrunners and Davy as Lead Manager on the placing of approximately 33.7 million shares in Cairn Homes plc, raising total gross proceeds of approximately €51.9 million. The placing was conducted by way of accelerated bookbuild.

WFW advises China Aircraft Leasing Group, Natixis, Crédit Industriel Commercial and BOT Lease on nine JOLCOs arranged by Asset Brok’Air

17 May 2017

Watson Farley & Williams (“WFW”) has advised China Aircraft Leasing Group Holdings (“CALC”), Natixis and Crédit Industriel & Commercial (“CIC”) and BOT Lease on nine Japanese operating leases with call option (JOLCO) arranged by Asset Brok’Air in April 2017.

The Paris office of WFW assisted:

Ashurst advises NAB as Arranger on the first Conditional Pass-Through Covered Bond programme by an Australian bank

17 May 2017

Ashurst has advised National Australia Bank Limited (NAB) as an Arranger on the first Conditional Pass-Through Covered Bond programme by an Australian bank.

The A$3.25 billion programme was established by Bank of Queensland Limited, one of Australia's largest regional banks. The Covered Bonds under the programme have been assigned provisional ratings of 'AAA' from Fitch and 'Aaa' from Moody's.

Shearman & Sterling Represents Initial Purchasers on US$814 Million Bond Offering by ACWA Power Management and Investments One Limited

16 May 2017

Shearman & Sterling represented the syndicate of banks led by Citigroup Global Markets Limited and Jefferies International Limited, as joint global coordinators and joint bookrunners, China Construction Bank Corporation, Singapore Branch, Mizuho International plc, NCB Capital Company and Standard Chartered Bank as joint bookrunners, and MUFG Securities EMEA plc and SMBC Nikko Capital Markets Limited as co-managers, in connection with ACWA Power Management and Investments One Limited's ("Issuer") offering of US$814 million aggregate principal amount of 5.95% senior secured bonds due 2039

Shearman & Sterling Advises on Royal Bank of Scotland's $3 Billion Senior Notes Offering

16 May 2017

Shearman & Sterling represented the underwriters, led by RBS Securities Inc., in connection with The Royal Bank of Scotland Group plc's offering of $1.5 billion 3.498% fixed-rate/floating-rate senior notes due 2023 and $1.5 billion floating-rate senior notes due 2023. The joint bookrunners included Credit Suisse, Morgan Stanley and UBS Investment Bank.

The Royal Bank of Scotland, headquartered in Edinburgh, has a diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.

Milbank Advises Banking Consortium on Acquisition Financing for EUROPART

16 May 2017

Frankfurt, May 16, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised ABN AMRO Bank N.V. and Banco Santander S.A. as mandated lead arrangers, bookrunners and lenders on the financing of the acquisition of the EUROPART Group. Europart will be acquired by Alpha Private Equity Funds from the current investors Triton and Paragon. The parties have agreed to not disclose the deal volume.

Stibbe advises Moody’s Corporation

16 May 2017

Stibbe is advising Moody’s Corporation, the US credit rating agency, on its € 3 billion acquisition of Bureau van Dijk, a global provider of business intelligence and company information, from Swedish private equity firm EQT.

The acquisition extends Moody’s position as a leader in risk data and analytical insight. In this context, Stibbe advises on the Dutch and Belgian aspects of the acquisition.