Mayer Brown advised Norddeutsche Landesbank Girozentrale and other banks as dealer counsel on the establishment of a EUR 7.5 billion new debt issuance program for notes and Pfandbriefe (lettres de gage) of NORD/LB Luxembourg S.A. Covered Bond Bank.
White & Case LLP has advised Morgan Stanley, as Sole Underwriter, on a private placement by Alitalia – Società Aerea Italiana S.p.A., the leading Italian air carrier, of its €375 million 5.25 percent senior unsecured notes due 2020.
The Notes are being offered in accordance with Regulation S of the US Securities Act and will be listed on the Irish Stock Exchange.
White & Case LLP has advised Mediobanca, Italy's leading investment bank, on its agreement to acquire a majority stake in Cairn Capital, the London-based independent, full service credit asset management, advisory and securities restructuring firm.
White & Case LLP has advised AK BARS Bank on a US$350 million Reg S Eurobond. The transaction represents the first time a Russian financial institution has managed to access the international markets following the imposition of Russian sanctions in 2014.
The offering, part of the Bank’s US$1.5 billion Euro Medium Term Notes Programme and listed on the Irish Stock Exchange, attracted a mix of international investor interest and Russian demand.
Norton Rose Fulbright has advised Commerzbank AG on the acquisition financing for the purchase of chemicals company LEUNA-Tenside GmbH (LEUNA-Tenside) by VR Equitypartner GmbH (VR Equitypartner) and BIP Investment Partners S.A. (BIP). The transaction was closed on August 12, 2015 following the approval of German and Austrian antitrust authorities.
Ashurst has advised the Nexus Infrastructure consortium (Nexus) on its winning bid to design, construct, finance, operate and maintain the A$1.6 billion Toowoomba Second Range Crossing.
The 41km highway will bypass the city of Toowoomba, and improve traffic conditions and road safety in the region, in particular reducing the number of heavy vehicles travelling through the Toowoomba city centre. Construction is expected to be complete in late 2018 after which Nexus is contracted to operate and maintain the road for 25 years.
Ashurst has advised Credit Suisse AG, Sydney Branch (Issuer) in relation to the issuance of A$750 million senior, unsecured Floating Rate Notes due 24 August 2018 under its Australian Debt Issuance Programme.
This is the Issuer's second domestic deal in 2015, and Ashurst also acted for the Issuer on its first deal under its Australian Debt Issuance Programme for the year.
White & Case LLP has advised International Finance Corporation (IFC) on its agreement to subscribe for 23 percent of the shares of UNIT Investment NV, the power sector development and investment arm of UNIT Investments S.A.
White & Case LLP has advised Barclays, Deutsche Bank, Erste Group Bank AG, NATIXIS and Raiffeisen Bank International AG, as lead managers, on the €1 billion bond issuance by Austrian KA Finanz AG.
The bond has a maturity of five years and a coupon of 0.375 per cent and is guaranteed by the Republic of Austria. It will be listed on the regulated market of the Vienna Stock Exchange.
Ashurst is advising EmergeVest on the recommended cash acquisition of Palletforce PLC, a Staffordshire-headquartered pallet distribution company. The acquisition is to be made by means of a scheme of arrangement by Forcefield Bidco Limited, a newly incorporated company formed by EmergeVest.
Palletforce was formed in 2001 and operates from a 400,000 sq ft central hub in Burton-upon-Trent, with 100 depots across the UK and Europe.
The terms of the deal have been agreed by the boards of both companies, and the acquisition is subject to shareholder approval.