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Finance & Banking

Implenia AG successfully completes its offering of CHF 175 million subordinated unsecured convertible bonds due 2022

09 Jul 2015

Niederer Kraft & Frey advised UBS AG and Credit Suisse AG, the Joint Bookrunners, and Zürcher Kantonalbank, the Co-Lead Manager, in connection with Implenia AG's ("Implenia") offering of CHF 175 million subordinated unsecured convertible bonds due 2022 convertible into shares of Implenia. The bonds will be listed on the SIX.

The NKF Team consisted of Philippe Weber (Lead Partner), Christina Del Vecchio (Senior Associate) and Giulia Ghezzi (Associate).

Clifford Chance advises ABN AMRO on an offering of EUR 1.5bn Tier 2 capital instruments

07 Jul 2015

Clifford Chance has advised ABN AMRO Bank N.V. (hereinafter "ABN AMRO") on a successful offering of EUR 1.5bn Tier 2 capital instruments. Remarkable about the transaction is that ABN AMRO, being advised by UBS, Morgan Stanley, Deutsche Bank, BAML and ABN AMRO's own Debt Capital Markets Origination team, was one of the few institutions/banks that seized the tiny issuance window of opportunity on the morning of 23 June 2015 and was able to successfully draw within a couple of hours almost EUR 8bn of orders from investors.

Hengeler Mueller advises Oaktree on acquisition of real estate loan portfolio from Hypothekenbank Frankfurt

07 Jul 2015

Funds advised by Oaktree have acquired a commercial real estate loan portfolio with a face value of approximately €700m from Hypothekenbank Frankfurt, Commerzbank's real estate lending subsidiary formerly known as Eurohypo. The portfolio sold primarily comprises non-performing loans secured on German real estate.

Advising CaixaBank and Hodefi in the sale of their equity share in Boursorama to Société Générale SA

07 Jul 2015

Advising CaixaBank and Hodefi in connection with the assignment of their equity stake in the share capital of Boursorama to Société Générale (representing 20.5% of the share capital and of the voting rights).

The price paid by Société Générale Group will be the same than the one offered to minority shareholders during last year’s simplified takeover offer and squeeze out procedure (retrait obligatoire), meaning €12 per share.

WFW advises ICBC on US$200 million financing to EXMAR group of world’s first floating liquefaction and storage unit for natural gas

07 Jul 2015

Watson Farley & Williams (“WFW”) has acted as lead counsel to advise The Industrial and Commercial Bank of China Limited (“ICBC”) on financing the EXMAR group in respect of its construction and acquisition of the world’s first floating liquefaction and storage unit for natural gas (“FLNG”) presently being built by China shipbuilders Wison (Nantong) Heavy Industry Co., Ltd and Wison Offshore & Marine Ltd.

KWM acts for GARDA Capital Limited: GARDA Diversified Property Fund lists on ASX

06 Jul 2015

KWM has continued its run of IPOs, acting for GARDA Capital Limited, the responsible entity for the GARDA Diversified Property Fund in connection with its initial public offering and ASX listing.

The Fund is expected to commence trading on ASX today and will have an initial market capitalisation of approximately $97.2 million. With six commercial properties and one industrial property, the Fund offers investors a diversified portfolio through tenant profile, geographic location and building type.