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Finance & Banking

Norton Rose Fulbright advises CDC Group plc on its investment in Zambeef Products plc

30 Oct 2016

Norton Rose Fulbright has advised CDC group plc (CDC) on its US$65 million investment in Zambeef Products plc (Zambeef). CDC is the UK’s development finance institution. It invests in companies in Africa and South Asia to grow businesses, help create jobs and make a lasting difference.

Zambeef is listed on the Lusaka Stock Exchange as well as the AIM market operated by the London Stock Exchange Plc. Zambeef is the largest integrated food processing and retailing company in Zambia with operations in Nigeria and Ghana.

Milbank Advises the Lenders on the Barakah Nuclear Power Project

28 Oct 2016

LONDON/SEOUL/WASHINGTON, DC, 28 October, 2016 – Milbank, Tweed, Hadley & McCloy LLP has advised Korea Eximbank (“K-Exim”) and the commercial banks (comprising First Gulf Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered Bank) on the financing of Barakah nuclear energy project, composed of four nuclear energy units producing a combined output of approximately 5,600 MW.

Gernandt & Danielsson advises in Klövern’s early redemption of bond loan no 3, 2012/2017 and in Klövern’s issue of new corporate bonds

28 Oct 2016

Gernandt & Danielsson advises in Klövern's early redemption of bond loan 3, 2012/2017 and in Klövern's issuance of new corporate bonds in an amount of SEK 1 500 million. The proceeds will be used for general corporate purposes, including acquisitions and refinancing, which includes refinancing of Klövern's bond loan 3, 2012/2017. The Company has undertaken to list the corporate bonds on Nasdaq Stockholm.

Remgro ZAR 9.3 Billion Rights Offering

28 Oct 2016

Davis Polk advised the underwriter, financial adviser and sponsor in connection with the underwritten renounceable rights offering of 48,110,637 new ordinary shares by Remgro Limited. The offering comprised a public offering in South Africa and private placements to institutional investors outside South Africa, including in the United States, and raised gross proceeds of approximately ZAR 9.3 billion ($675 million).

The Export-Import Bank of Korea $2.5 Billion Notes Offering

28 Oct 2016

Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $750 million aggregate principal amount of its floating-rate notes due 2019, $750 million aggregate principal amount of its 1.500% notes due 2019, $300 million aggregate principal amount of its 1.875% notes due 2021 and $700 million aggregate principal amount of its 2.375% notes due 2027.

KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.

Davis Polk Advises Sumitomo Mitsui Financial Group, Inc. on Its $3.5 Billion SEC-Registered Notes Offering

28 Oct 2016

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. (SMFG) on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.5 billion aggregate principal amount of 2.442% senior notes due 2021, $1.5 billion aggregate principal amount of 3.010% senior notes due 2026 and $500 million aggregate principal amount of floating-rate senior notes due 2021. The notes are structured to count as total loss-absorbing capacity (TLAC) when TLAC regulations are implemented in Japan.

Davis Polk Advises Sumitomo Mitsui Banking Corporation on Its $1 Billion Notes Offering

28 Oct 2016

Davis Polk advised Sumitomo Mitsui Banking Corporation (SMBC) in connection with a global medium-term note program update and a benchmark takedown, which consisted of $500 million aggregate principal amount of 1.762% senior notes due 2018 and $500 million aggregate principal amount of senior floating-rate notes due 2018, each guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

Philips Cash Tender Offer

28 Oct 2016

Davis Polk advised the dealer managers in connection with a cash tender offer by Koninklijke Philips N.V. to purchase up to $400 million aggregate principal amount of its outstanding 6.875% notes due 2038, 7.200% notes due 2026, 7.125% Series A debentures due 2025 and 7.750% Series B debentures due 2025.