We acted for Bank of Ireland in connection with the provision of a project-finance facilities to Castlepook Power Limited, a ESB\Coillte joint venture company to finance the 33.1 MW Castlepook Wind Farm project in County Cork. The project comprises 14 Nordex wind turbines and is located in the Ballyhoura Mountains in Co Cork.

In its judgment of 17 November 2016, the Cantonal Court of Zug terminated the composition moratorium of Valartis Group AG following its successful financial recovery. Valartis Group AG was the first listed entity in Switzerland which operated under the protection of a non-public (silent) provisional moratorium of four months. It was subsequently granted a public definitive moratorium for an aggregate of 12 months by the Cantonal Court of Zug. The most recent judgment terminates the proceedings in Switzerland and allows Valartis Group AG to continue operating as a going concern.

The Banking & Finance, Capital Markets practice at Egorov Puginsky Afanasiev & Partners advised on the fourth mortgage asset securitization transaction for Absolut Bank.

In November 2016, advised by King & Wood Mallesons (KWM), Huishang Bank Corporation Limited (Huishang Bank) issued US$888 million 5.50% non-cumulative perpetual offshore preference shares. This is the first successful overseas issuance of preference shares made by a Chinese city commercial bank, and the first overseas preference shares from a non-internationally-rated Chinese bank.

King & Wood Mallesons has acted for Citi on a 10-year deal to distribute Wesfarmers’ Coles branded credit cards. Citi will acquire the existing credit card receivables of about $880 million and Coles will receive a share of the risk-adjusted revenues.

DLA Piper has advised Santander Bank as part of a banking syndicate providing corporate financing to a total of EUR 37 million to Royalbeach Spielwaren und Sportartikel Vertriebs GmbH. 

Part of the financing sum has been used for repayment of a corporate bond. The banking syndicate is additionally providing an operational working capital line.

Founded in 1989, Royalbeach Spielwaren und Sportartikel Vertriebs GmbH sells sporting equipment as well as outdoor and leisure goods to end users and to trading groups operating both nationally an internationally.

Vinge advises Carnegie Investment Bank AB (publ) and Nordea Bank AB (publ) who are acting as Joint Global Coordinators and Joint Bookrunners in connection with the listing of the common shares and preference shares in Volati AB (publ) on Nasdaq Stockholm. The company has applied for the company’s shares to be admitted for trading and Nasdaq Stockholm has approved the company’s shares for listing subject to customary conditions. A prospectus is expected to be published on or around 18 November 2016 and first day of trading is expected to be on or around 30 November 2016.

Hengeler Mueller advised Deutsche Bank AG on its Conditional Pass-Through Structured Covered Bond Programme guaranteed by SCB Alpspitze UG, the first debt issuance programme of Deutsche Bank for structured covered bonds. The programme size is EUR 35 bn and there are inaugural series expected to be issued under the programme for a total nominal amount of EUR 8.5 bn. The programme is among the largest European structured covered bond programmes and is based on a robust and highly efficient legal structure.

White & Case LLP has advised the bank syndicate led by BNP Paribas, HSBC, Natixis and Société Générale, as lead managers and joint bookrunners, on SEB's offering of bonds redeemable in cash and/or exchangeable for existing shares (ORNAEs) due November 2021 for a nominal amount around €150 million.

Davis Polk advised the joint book-running managers, in connection with the SEC-registered primary offering of 9,000,000 shares of common stock of U.S. Silica Holdings, Inc.