International law firm Herbert Smith Freehills has advised Crédit Agricole and UniCredit on the £452million bridge term loan for the financing of Steinhoff International's public bid for Poundland Group plc, which is listed in London and announced on 13 July 2016.

Steinhoff owns UK retail businesses including Harveys and Bensons for Beds. Last year, South African billionaire Christo Wiese, Steinhoff’s largest shareholder, acquired majority stakes in Virgin Active, the fitness group, and New Look, the UK clothing chain.

Linklaters was pleased to act for Bank of China Limited in a multi-currency offering of Green Bonds totaling over US$3bn.

“This the world’s largest green bond issuance, generating significant interest across Asia and globally,” said Michael Ng, Partner, Linklaters.

A recognised leader in green bonds, Linklaters is proud to have involved in this landmark transaction which is expected to promote greater green bond issuances by Chinese enterprises in the future.

William Fry and King & Wood Malleson have advised the AA, the UK’s largest breakdown cover organisation, on the sale of its Irish business and operations, AA Ireland Limited, to US-Irish private equity fund Carlyle Cardinal Ireland.  AA Ireland and the AA will enter into a long term Ongoing Services Agreement, which will preserve the current trading arrangements between the AA and AA Ireland for the benefit of both groups.

Allen & Overy LLP has advised the bank consortium consisting of Citigroup Global Markets Limited, ODDO SEYDLER Bank AG, ODDO & Cie and Stifel Nicolaus Europe Limited as joint bookrunners and BHF-Bank AG as selling agent in connection with the issuance of a convertible bond by Adler Real Estate AG with a total volume of around EUR 138 million and a maturity of 5 years.
 

Leading international law firm Clifford Chance today announced that it acted as New York counsel to Goldman Sachs and Scotia Capital (as Initial Purchasers), and Bancolombia, Banco de Bogota, Banco de Occidente and the CAF-AM Ashmore Debt Fund (as Senior Lenders) in connection with the approximately US$472 million multi-source and multi-currency financing of the Costera Cartagena Barranquilla 4G toll road in Colombia that closed on July 8, 2016.

Davis Polk advised Orient Securities Company Limited (“DFZQ”) 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 DFZQ are estimated to be approximately HK$6.8 billion (US$876 million) prior to any exercise of the over-allotment option.

HONG KONG – Allen & Overy said today that Glenmark Pharmaceuticals Limited’s USD170 million convertible bond with a rare “resettable onward starting equity-linked” feature, points to the revival of the Indian convertible bond market following reduced volumes in the last two years. Glenmark is a research-oriented, integrated pharmaceutical company incorporated in India, with a global footprint. Allen & Overy advised J.P. Morgan as the sole manager on this transaction.

Leading international law firm Clifford Chance has advised China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) on its US$800 million IPO, without taking into consideration the exercise of the over-allotment option. Joint sponsors were CITIC CLSA, Merrill Lynch and Deutsche Securities Asia. CDB Leasing is the largest leasing company in China by assets and is the first of the China Banking Regulatory Commission-regulated financial leasing companies to be listed in Hong Kong.

Clifford Chance has advised J.P. Morgan on the financing of the acquisition of a portfolio of non-performing loans belonging to HSH Nordbank AG via hsh portfoliomanagement AöR. The portfolio volume covers up to EUR 6.2 billion. The deconsolidated environment for this acquisition, hsh portfoliomanagement AöR, was established by the Federal States of Schleswig-Holstein and Hamburg at the beginning of this year.

Davis Polk advised the joint global coordinators on the 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 of China Development Bank Financial Leasing Co., Ltd. The gross proceeds from the global offering amounted to approximately HK$6 billion (US$776 million) prior to any exercise of the over-allotment option.