Clifford Chance has acted for Société Générale CIB, Citi and J.P. Morgan as joint lead managers on the issuance by Euroclear Investments SA of €600 million 1.125 per cent bonds due 2026.

The new senior, unsecured bonds, which are rated AA/AA- by Fitch and Standard and Poor's, respectively, are issued by Euroclear Investments SA, a holding company with identical credit ratings.

Placement was made across a broad range of qualified investors across Europe.

Clifford Chance advised a banking syndicate on the financing of the acquisition of Schock Group by IK Investment Partners Fund VIII. The parties have agreed not to disclose the amount of the financing or the transaction volume.

Schock Group is a leading manufacturer of kitchen sinks made of granite and holds a world market share of approximately 21%. The company was previously owned by HQ Equita.

The Swiss listed group holding company OC Oerlikon Corporations, Pfäffikon, has successfully refinanced its credit facility by a new, unsecured syndicated revolving credit facility amounting to CHF 600 m. The facility comprises a revolving credit facility and an ancillary credit facility with a five-year term and two optional one-year extensions. The parameters of the new agreement underline the continuing financial strength of OC Oerlikon, with both the pricing and the terms and conditions in line with syndicated loan market standards for investment grade companies.

International law firm Gide has advised Polski Fundusz Rozwoju S.A. (PFR) on the acquisition by PFR and Powszechny Zaklad Ubezpieczen S.A. (PZU) of a 32.8% stake in Bank Polska Kasa Opieki S.A. (Bank Pekao) from UniCredit S.p.A. (UniCredit).

The Hong Kong office of the Firm represented the underwriters, Credit Suisse, Deutsche Bank Securities and China Renaissance, in connection with the follow-on offering of American depositary shares (ADSs) of Baozun Inc. (“Baozun”). The offering of 6,000,000 ADSs, representing 18,000,000 Class A ordinary shares, by Baozun and certain of its shareholders, Crescent Castle Holdings Ltd, Infinity I-China Investments (Israel) L.P.

Simpson Thacher, acting as sole international counsel, represented BNP Paribas, Commerzbank Aktiengesellschaft, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, Standard Chartered Bank, Shinhan Asia Limited and Shinhan Investment Corp., as joint lead managers in connection with the offering of US$500 million 3.875% Tier II Subordinated Notes due 2026 by Shinhan Bank under its US$6 billion Global Medium Term Note program. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.

Shearman & Sterling advised the lenders in connection with the development and financing of the 2,400MW Hassyan coal-fired Independent Power Producer (IPP) in Dubai. The lenders comprised a combination of financial institutions from the PRC and local and regional commercial banks. The financing included a mezzanine tranche. Prior to this, the firm advised the lenders on the Shuaa Energy transaction in 2015, which was the first IPP in Dubai.

Shearman & Sterling advised the lenders in connection with the development and financing of the 2,400MW Hassyan coal-fired Independent Power Producer (IPP) in Dubai. The lenders comprised a combination of financial institutions from the PRC and local and regional commercial banks. The financing included a mezzanine tranche. Prior to this, the firm advised the lenders on the Shuaa Energy transaction in 2015, which was the first IPP in Dubai.

Davis Polk advised CSC Financial Co., Ltd. on its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited and an international offering in reliance on Rule 144A and Regulation S. The net proceeds from the global offering to be received by CSC are estimated to be approximately HK$7.1 billion (US$914.9 million) prior to any exercise of the over-allotment option. CSC’s shares are traded on HKEX from December 9, 2016.

Gleiss Lutz has advised European Investment Bank (EIB) in connection with a project financing for the expansion of the A6 between Wiesloch-Rauenberg and the Weinsberg intersection. The consortium consists of EIB and five other banks, namely Bank of Tokyo-Mitsubishi UFJ, Ltd., DZ Bank AG, KfW IPEX-Bank, Landeskreditbank Baden-Württemberg – Förderbank – (L-Bank) and UniCredit Bank AG.