Global legal practice Norton Rose Fulbright has advised two Italian banks, Banca Popolare dell’Emilia Romagna Società Cooperativa and Credito Valtellinese Società Cooperativa, in relation to a €29 million limited recourse financing to Delsis S.r.l. for the construction, operation and maintenance of a 26 MW wind park located in the Puglia Region of Southern Italy.
Herbert Smith Freehills has advised the lenders in relation to the design, build, financing and maintenance for the IJmond Sea Lock PPP Project in the Netherlands which reached financial close on 15 October.
Linklaters advises the owners of HSH Nordbank AG, the Free and Hanseatic City of Hamburg and the German Land of Schleswig-Holstein in the state aid procedure of the European Commission. Today, the German Länder agreed with the European Commission on the key terms for a final approval to re-increase the risk shield to 10 billion euros. The open state aid procedure can thus be finalised after intensive negotiations.
Linklaters has advised as the People Bank’s of China issued 5bn of 3.10% bonds due 2016 in London. This is the first time that renminbi government bonds have been issued outside China, in an attempt to open up an offshore renminbi debt market.
The deal will be celebrated at a ceremony and lunch taking place in London to coincide with President Xi Jinping’s first state visit to the UK. Those present include the Assistant Governor of the People’s Bank and a director of the Bank of England.
Linklaters has advised on three capital markets deals that are being marked at London Stock Exchange listing ceremonies taking place in London this week to coincide with President Xi Jinping’s first state visit to the UK.
Linklaters advised China Development Bank as it issued a multi-currency bond deal. The deal is China Development Bank’s first foreign currency issuance in more than 10 years.
The Linklaters team is led by Capital Markets partners William Liu and Andrew Carmichael.
Clifford Chance has advised J.P.Morgan and Bank of America Merill Lynch with respect to Vonovia SE's takeover bid for Deutsche Wohnen AG.
Ashurst advised French bank Societe Generale on the refinancing of a property portfolio comprising 70 retirement and nursing homes in Germany. The new real estate financing in the amount of €545 million replaces existing individual loans which are provided by ten different banks. The portfolio, held by special purpose vehicles of an international investor, is known in the market as "Panacea".
Watson Farley & Williams (“WFW”) has advised Bayerische Landesbank (“Bayern LB“) on the long term financing of a portfolio of 18 single turbine onshore wind projects with Golden Square Energy (“GSE”), the joint venture established between Ingenious Clean Energy and AGR Renewables in 2014.
GSE aims to complete the second tranche of financing of a further 10 assets by the end of this year which would be the market-leading financing transaction of a feed-in tariff (FiT) wind portfolio in the United Kingdom.
Ashurst is advising N M Rothschild & Sons Limited ("Rothschild") and Jefferies International Limited ("Jefferies") on the merger between Al Noor Hospitals Group Plc ("Al Noor") and Mediclinic International Limited ("Mediclinic"). Rothschild is acting as lead financial adviser and co-sponsor, and Jefferies is acting as corporate broker and co-sponsor, in relation to the transaction, which is a reverse takeover of Al Noor for the purposes of the UK Listing Rules.
On September 24, 2015, UBS launched its inaugural issuance of "Bail-inable Bonds", a class of newly designed senior debt instruments. The USD 1.5 bn 2.95% Senior Notes due 2020, the USD 2.5 bn 4.125% Senior Notes due 2025 and the USD 300 mio Floating Rate Senior Notes (together, the "Notes") have been issued by UBS Group Funding (Jersey) Limited on September 24, 2015 on a Rule 144A/RegS basis and are guaranteed by UBS Group AG ("UBSG"). The Notes will be listed on the SIX Swiss Exchange Ltd.