Clifford Chance advised on the issuance of US$500 million 3.625% notes due 2021 by ABQ Finance Limited and guaranteed by Ahli Bank QSC. Ahli Bank is a conventional bank in Qatar and offers a wide range of wholesale and retail banking products and services to its customers based primarily in Qatar.
Watson Farley & Williams (“WFW”) advised Norddeutsche Landesbank Girozentrale and NORD/LB Luxembourg SA Covered Bond Bank on the acquisition financing of INTER-FORUM GmbH (“Inter-Forum”) and Syntela IT-Dienstleistungs GmbH (“Syntela”) by Bregal Funds. The financing also allows for an operating credit line to the operational group companies. German project development bank KfW sub-participated in the financing. The target companies are specialised service providers in the compulsory health insurance sector.
Norton Rose Fulbright has advised The Islamic Corporation for the Development of the Private Sector (ICD) in connection with its debut public issuance of US$300,000,000 trust certificates, which were admitted to trading on the London Stock Exchange and on Nasdaq Dubai.
While backed by the credit of ICD as obligor, the certificates were issued by Hilal Services Ltd, a Cayman Islands incorporated SPV. The certificates will pay a profit rate of 2.468 per cent and will mature in 2021.
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Arrow Global Group plc (Arrow Global), one of Europe’s leading purchasers and managers of debt, on the issue by Arrow Global Finance plc of EUR 230 million senior secured floating rate notes due 2023. Goldman Sachs International, J.P. Morgan Securities plc and HSBC Bank plc acted as physical bookrunners and global coordinators for the issue, with The Royal Bank of Scotland plc, Lloyds Bank plc and DNB Markets, a division of DNB Bank ASA, acting as co-managers.
The issuance of corporate bonds by MCI Group, in the Czech Republic closed with great success. It is the first time that the capital for the purpose of new investments in MCI.EuroVentures 1.0’s companies was raised outside Poland.
Allen & Overy LLP advised a syndicate of 38 banks on the successful issue of a bond by Deutsche Bank Aktiengesellschaft with a volume of EUR 1.25 billion. Deutsche Bank AG, London Branch, Banca IMI, Banco Santander, DekaBank Deutsche Girozentrale and Lloyds Bank acted as joint lead managers. The floating rate bond matures in 2018 (ISIN: DE000DL19SS0).
The Allen & Overy team comprised partner Christoph Enderstein, counsel Michael Becker and associate Christoph Pohl (all International Capital Markets, Frankfurt).
Clifford Chance has advised a consortium of banks comprising J.P. Morgan, Societe Generale, UBS Investment Bank and UniCredit Bank on the issuance of a EUR 500 million bond by alstria office REIT-AG. The bond has a term of seven years and a coupon of 2.125%. The transaction was ten times over subscribed.
The Clifford Chance team comprised partner Sebastian Maerker and associate Dr. Christian Kohler (both Banking & Capital Markets, Frankfurt).
Simpson Thacher is representing KKR & Co. L.P. in connection with the financing related to its announced acquisition of Airbus Group’s defense electronics business for €1.1 billion. The transaction is expected to close in the first quarter of 2017.
Airbus Group’s defense electronics division includes approximately 4,000 employees worldwide, with annual revenues of around €1 billion. The business comprises military sensors, electronic warfare, avionics and optronics.
Slaughter and May advised Standard Chartered PLC on its issue of US$1.25 billion 4.05 per cent. Notes due 2026 under its US$77.5 billion Debt Issuance Programme. BNP Paribas, Goldman Sachs International, J.P. Morgan Securities LLC and Standard Chartered Bank acted as joint lead managers. ABN Amro Securities (USA) LLC, Emirates NBD P.J.S.C, ING Financial Markets LLC, National Bank of Abu Dhabi P.J.S.C. and United Overseas Bank Limited acted as co-lead managers. Sullivan & Cromwell advised as to New York law.
Contacts
Slaughter and May team
Clifford Chance has advised BNP Paribas S.A., Commerzbank AG and UniCredit Bank AG, acting as the mandated lead arrangers, on a general financing for Telefónica Deutschland worth EUR 750 million and placed via its subsidiary Telefónica Germany GmbH & Co. OHG. Another six banks are also involved in this new syndicated credit facility, which has a five-year term.