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Finance & Banking

Jefferies, Kempen & Co and Gilbert Dupont Private Placement of 25.1 million Euros of Nanobiotix

18 Apr 2017

Baker McKenzie advised Jefferies, Kempen & Co and Gilbert Dupont in the context of a private placement with a total amount of 25.1 million euros carried out by Nanobiotix, a nanomedicine company developing new approaches to the local treatment of cancer. The new shares, representing 9.99% of the outstanding Company shares prior to the offering, have been issued primarily with qualified institutional investors, the majority of which from the United States and Europe. The settlement took place on April 11, 2017.

Vinge has advised Pareto Securities AB and Nordea Bank AB (publ) in connection with a bond issue of up to 150 MEUR

18 Apr 2017

Vinge has advised Pareto Securities AB and Nordea Bank AB (publ) in connection with a bond issue of up to 150 MEUR, issued by Cembrit Group A/S on 20 March 2017. Pareto Securities AB and Nordea Bank AB (publ) acted as joint bookrunners. The bonds have a tenor of four years and a floating interest rate of three-months Euribor plus a floating rate margin of 5.50 per cent.

The proceeds from the bond issue will be issued to refinance existing debt and for general corporate purposes. Cembrit Group A/S will apply for the bonds to be listed on Nasdaq Stockholm.

Vinge has advised Nordea Bank AB (publ) in connection with a bond issue of up to 1500 MSEK

18 Apr 2017

Vinge has advised Nordea Bank AB (publ) in connection with a bond issue of up to 1500 MSEK, issued by SBB i Norden AB (publ) on 6 April 2017. Nordea Bank AB (publ) acted as issuing agent. The bonds have a tenor of three years and a floating interest rate of three-months Stibor plus 6 per cent.

The proceeds from the bond issue will be issued for general corporate purposes, which include financing of property acquisitions. SBB i Norden AB (publ) will apply for the bonds to be listed on Nasdaq Stockholm.

Gide advises on the concession contract for the future Amiens aquatic centre

18 Apr 2017

On 31 March 2017, Amiens Métropole signed a concession contract with project company, Cap Samaro, consisting of: BTP Impact Local (a fund managed by Mirova), Eiffage S.A., Cofely Finance & Investissement and Swimdoo.

The 23-year contract, 20 years of which are for operation, covers the design, financing, construction, operation and maintenance of the future Amiens aquatic centre.

The project includes the building of a 50-metre outdoor pool, a 25-metre indoor pool and a leisure pool, as well as a sizeable health and fitness space.

KWM continues renewables focus with Bungala Solar project

18 Apr 2017

King & Wood Mallesons (KWM) has advised on the financing of the first phase of the Bungala Solar Photovoltaic (PV) project, representing the latest in a series of significant matters the firm has completed in Australia’s growing renewables market.

On completion, the 300MWac solar project will produce enough clean electricity for around 130,000 homes, making it the largest solar project in Australia.

Weil Advises GE Capital in Connection with Sales of Shares and a Demerged Organized Unit of Bank BPH S.A.

18 Apr 2017

Weil acted as legal counsel to members of the GE Capital group in connection with the sale of shares in Bank BPH S.A. to Alior Bank S.A. and the sale of a demerged organized part of the business of Bank BPH S.A in the first transaction of its kind in Poland.

The transaction was recognized as "Transaction of the Year (£100 - 500 million)" by The M&A Advisor at the EMEA Corporate Development Awards 2017 ceremony in London.

Simpson Thacher Represents Underwriters in Initial Public Offering of Sushiro Global Holdings

18 Apr 2017

Simpson Thacher recently represented the underwriters, led by joint global coordinators Nomura Securities, Morgan Stanley and UBS, in connection with Sushiro Global Holdings’ ¥68.8 billion (US$615 million) initial public offering on the Tokyo Stock Exchange, including an international offering to institutional investors in reliance on Rule 144A and Regulation S.

Sushiro Global Holdings operates Sushiro, the leading brand of value kaiten (conveyor belt) sushi restaurants in Japan, with 451 domestic locations as of December 31, 2016.

Simpson Thacher Represents Underwriters in A$1 Billion Senior Notes Registered Offering by Sumitomo Mitsui Financial Group

18 Apr 2017

Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. of A$1 billion aggregate principal amount of its senior notes in two tranches (floating rate and fixed rate) due 2022. SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.

Milbank Advises Lenders on the Financial Close of the Multi-jurisdictional US$573 Million Reliance Ethane Ship Financing

18 Apr 2017

LONDON/SEOUL, 12 April, 2017 – Milbank, Tweed, Hadley & McCloy LLP advised the Korean export credit agency, Korea Trade Insurance Corporation (“K-sure”), the ECA co-ordinator, HSBC, the commercial facility co-ordinator, Standard Chartered Bank, the K-sure covered facility lenders and the commercial facility lenders, on the financial close and delivery to Reliance Industries Limited of a series of the world's first very large ethane carriers ("VLECs") following the signing of the Finance Documents in October 2016.

Davis Polk Advises Banco Santander, S.A. on a $2.5 Billion Offering of Second-Ranking Senior Notes

18 Apr 2017

Davis Polk advised Banco Santander S.A. in connection with its SEC-registered offering of $1 billion aggregate principal amount of 3.500% second-ranking senior notes due 2022, $1 billion aggregate principal amount of 4.250% second-ranking senior notes due 2027 and $500 million aggregate principal amount of floating-rate second-ranking senior notes due 2022.