HONG KONG, March 13, 2017 – Milbank, Tweed, Hadley & McCloy LLP advised Credit Suisse and J.P. Morgan as dealer managers and initial purchasers in a US$600 million sovereign bond exchange offer and new issuance by the Government of Mongolia.
London – Paul Hastings LLP has represented Bank of America Merrill Lynch, Standard Bank, and Standard Chartered Bank as initial purchasers of $600 million of senior notes, and Bank of America Merrill Lynch and Standard Bank as coordinators and bookrunners and, with Standard Chartered Bank, as mandated lead arrangers on a $60 million revolving credit facility for Helios Towers Africa.
De Pardieu Brocas Maffei advised CM CIC Investissment in connection with the subscription of a €30 million issue of bonds redeemable with Orchestra-Prémaman shares issued by YELED Invest.
YELED Invest, held by the Mestre and Gotlib families, is the holding company controlling Orchestra-Préamaman, a leading retailer of children clothes and baby equipment.
Davis Polk is advising the joint bookrunners on a rights offering by Deutsche Bank AG of approximately 687,500,000 new ordinary shares of Deutsche Bank AG, which is expected to raise gross proceeds of approximately €8 billion (approximately $8.5 billion). Deutsche Bank is also acting as global coordinator of the offering.
The London-based banking team at legal business DWF has advised Clydesdale Bank in relation to two recent finance transactions.
Norton Rose Fulbright has advised the global co-ordinators and joint lead managers on the issuance by MAF Global Securities Limited of Reset Subordinated Perpetual Notes, guaranteed by Majid Al Futtaim Holding LLC and Majid Al Futtaim Properties LLC. The notes were rated BB+ and received a 50% equity credit by both Standard & Poor's and Fitch.
Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. in connection with a consent solicitation made to the holders of the outstanding US$200,000,000 Tier 2 Trust Certificates due 2023 (the "Certificates").
Allen & Overy LLP has advised Berenberg Bank as sole bookrunner in connection with the private placement of 4,095,124 treasury shares by TAG Immobilien AG. The shares were placed with institutional investors through an accelerated bookbuilding process. The placement price was EUR 12.48 per share, which equals a 2.0% discount to the last closing price on the Frankfurt Stock Exchange.
Allen & Overy LLP has advised the syndicated lenders and the agent, a subsidiary of Commerzbank Aktiengesellschaft, on the successful refinancing of the BARTEC Group. The world market leader in explosion protection based in Bad Mergentheim, Germany, came to an agreement with its lenders on the restructuring of the overall financing.
Clifford Chance advised Société Générale and KBC Securities on the successful initial public offering of Inventiva and its listing on Euronext Paris on 14 February 2017.
Inventiva is a biopharmaceutical company developing innovative therapies, particularly to treat fibrosis, and the IPO valued the Company at €133 million.