Resource

 

 

 

 

 

 

 

 

 

 

 

Finance & Banking

Shearman & Sterling Advises on Heineken’s $1.75 Billion Bond Offering

31 Mar 2017

Shearman & Sterling advised the initial purchasers, led by Barclays, Citigroup, Credit Suisse and J.P. Morgan in connection with Heineken’s offering of $1.1 billion 3.500% senior notes due 2028 and of $650 million 4.350% senior notes due 2047. This was Heineken’s first Rule 144A / Regulation S offering since 2012 and will be used to fund general corporate purposes, which may include repayment of indebtedness and/or acquisitions.

Homburger advised Credit Suisse Group AG with the issuance of a USD CoCo and a CHF Write-down Bond

31 Mar 2017

On January 30, 2017, Credit Suisse Group AG issued USD 1,500,000,000 aggregate principal amount of 7.125 per cent. Perpetual Tier 1 Contingent Convertible Capital Notes (the Contingent Convertible Notes), followed by the issuance of CHF 200,000,000 3.875 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes (the Write-down Notes) on March 20, 2017. Both the Contingent Convertible Notes and the Write-down Notes are "high trigger" regulatory capital instruments that are eligible to fulfill Credit Suisse Group AG's Swiss going concern requirements.

Homburger advised Credit Suisse Group AG with the issuance of a USD CoCo and a CHF Write-down Bond

31 Mar 2017

On January 30, 2017, Credit Suisse Group AG issued USD 1,500,000,000 aggregate principal amount of 7.125 per cent. Perpetual Tier 1 Contingent Convertible Capital Notes (the Contingent Convertible Notes), followed by the issuance of CHF 200,000,000 3.875 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes (the Write-down Notes) on March 20, 2017. Both the Contingent Convertible Notes and the Write-down Notes are "high trigger" regulatory capital instruments that are eligible to fulfill Credit Suisse Group AG's Swiss going concern requirements.

King & Wood Mallesons advises Zheshang Bank on its overseas issuance of US$2.175 billion preference shares

31 Mar 2017

29 March 2017, advised by King & Wood Mallesons (KWM), Zheshang Bank Co., Ltd. (“Zheshang Bank”) issued US$2.175 billion 5.45% non-cumulative perpetual offshore preference shares. While growth in Chinese banks’ planned issuance of preference shares overseas is expected to explode in 2017,  Zheshang Bank’s overseas issuance marks the very first one among its peers in 2017.

DLA Piper advises CIT Bank in industry-first battery storage project financing

31 Mar 2017

DLA Piper advised CIT Bank in multiple agency roles and as arranger and lender in connection with its landmark project financing of a portfolio of behind-the-meter battery energy storage systems located at various large-load commercial, industrial and government host sites in Los Angeles and Orange counties for affiliates of Macquarie Capital.

Allen & Overy Advises BNP Paribas on USD1.7 Billion Senior Secured Credit Facilities for The GEO Group

31 Mar 2017

Allen & Overy represented BNP Paribas as sole arranger and administrative agent in connection with the USD1.7 billion senior secured credit facilities for The GEO Group, Inc. (NYSE: GEO) and its subsidiaries, including a new seven-year USD800 million term loan “B” and a USD900 million revolver with a USD100 million multicurrency subfacility.

DAC Beachcroft Corporate Team Advises On Trio Of IPOs

31 Mar 2017

The London Corporate team at international law firm DAC Beachcroft has underlined its equity capital markets credentials with the announcement of three admissions to UK public markets in March on which it advised.

First, DAC Beachcroft advised nominated adviser, Cairn Financial Advisers LLP, and broker, Turner Pope Investments (TPI) Ltd, on the imminent admission of life sciences company, SkinBioTherapeutics, to the AIM market of the London Stock Exchange.

White & Case Advises on ENBD REIT IPO

30 Mar 2017

White & Case LLP has advised Emirates NBD Capital Limited as listing advisor, and EFG-Hermes UAE Limited and Emirates NBD Capital Limited as joint global coordinators and joint bookrunners, on the initial public offering of shares of ENBD REIT (CEIC) Limited (ENBD REIT) and its listing on Nasdaq Dubai, including a primary offering of 94,594,595 new shares at an offer price of US$1.11 per share.

ENBD REIT is a Shari'a compliant real estate investment trust established in the Dubai International Financial Centre and managed by Emirates NBD Asset Management Limited.