We advised Nordea in a financing arrangement, when Pohjolan Design-Talo Oy acquired all business activities of Finnlamelli Oy, one of the leading log house manufacturers in Finland. Pohjolan Design-Talo is a leading Finnish manufacturer of ready-to-move-in houses.
Schoenherr has advised Austrian Raiffeisen Bank International AG ("RBI") on the merger with Raiffeisen Zentralbank Osterreich AG ("RZB"). The merger represents one of the largest corporate reorganisations in the Austrian banking sector to date, which sees unlisted RZB being merged into listed Central and European banking specialist RBI. Subsequent to the merger, the Raiffeisen Landesbanken (the former majority shareholders of RZB) will hold together 58.8 % of RBI and the rest will be free float.
Clifford Chance advised the joint lead managers (Australia and New Zealand Banking Group Limited, Bank of Communications Co., Ltd. Hong Kong Branch, Barclays Bank PLC, BNP Paribas, China Construction Bank (Asia) Corporation Limited, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., Merrill Lynch International, Mizuho Securities Asia Limited, Morgan Stanley & Co.
Slaughter and May advised Legal & General Group Plc on its issuance of US$850 million Fixed Rate Reset Subordinated Notes due 2047 pursuant to its £4 billion Euro Note Programme. The Notes bear interest at the rate of 5.25 per cent. per annum until 21 March 2027. On such date and thereafter on each reset date, the interest rate shall be reset by reference to a reference bond rate.
Barclays Bank, BNP Paribas, Citigroup Global Markets, HSBC, Merrill Lynch International and Morgan Stanley acted as joint lead managers.
Contacts
Allen & Overy LLP has advised a banking consortium comprising Joh. Berenberg, Gossler & Co. KG, Commerzbank Aktiengesellschaft and UniCredit Bank AG as Joint Lead Managers in connection with the successful issue of a EUR 250 million debut bond by Sixt Leasing SE. The issue met with high demand from investors both in Germany and abroad and was oversubscribed several times.
The bond has a four-year term and carries interest at 1.125% p.a.
Clifford Chance advised Industrial and Commercial Bank of China Limited, Bank of China Limited, China Construction Bank Corporation and The Export-Import Bank of China on the US$1,582 million financing of a 554MW gross/470MW net oil shale fired mine mouth power station and open cast oil shale mine in Attarat um Ghudran, Jordan. Financial close for the facility was achieved on 16 March 2017. The financing will be provided on the basis of an export credit insurance provided by China Export & Credit Insurance Corporation (Sinosure).
G&D advises in Bayport's issue of bonds with a value of SEK 1.1 billion
Bayport Management Ltd has issued Swedish bonds with a value of SEK 1.1 billion. The issue was directed to Swedish and foreign investors. The bonds have been issued within a framework amount of SEK 2 billion. The bond loan is Bayport's sixth Swedish bond and will, as the previous bond loans, be listed at Nasdaq Stockholm.
Ashurst advised UniCredit Bank AG and the UniCredit Bank Austria AG (UniCredit) on financing the acquisition of a portfolio of German and Austrian commercial real estate by Hanse Merkur Grundvermögen (HMG), a subsidiary of the insurance company HanseMerkur in Hamburg.
The seller of the 34 properties in total is the Austrian real estate group Conwert, which had announced the transaction in an Ad hoc announcement in September 2016. All in all, UniCredit grants two loans in the amount of €154 million.
Norton Rose Fulbright has advised Alpha Bank on the €33.7 million non-recourse financing of a 33.3MW onshore wind power project developed by Goritsa Aiolos Energy S.A., a company of Eren Groupe, in Viotia, Greece.
The High Yield Bond team at Hogan Lovells continues its progress by acting as counsel for the initial purchasers of Rexel's €300 million high yield bond offer.
Rexel is a leading global distributor of low and ultra-low voltage electrical products. The French group issued €300 million 2.625% Senior Notes (the Notes) on March 13, 2017, which mature in 2024. The Notes are listed on the Official List of the Luxembourg Stock Exchange, and trade on Luxembourg's Euro MTF market.