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Finance & Banking

Simpson Thacher Represents Underwriters in the NASDAQ IPO of Pintec Technology

09 Nov 2018

Simpson Thacher represented the representatives of the underwriters, Goldman Sachs (Asia) L.L.C., Deutsche Bank Securities Inc. and Citigroup Global Markets Inc., in connection with the initial public offering and listing on the Nasdaq Global Market of Pintec Technology Holdings Limited (”Pintec”). The offering was comprised of 3,725,000 American Depositary Shares, representing 26,075,000 Class A ordinary shares before the exercise of underwriters’ overallotment option. The total offering size was US$44.3 million.

Dentons advises BGZ BNP Paribas on refinancing of three properties in Warsaw

09 Nov 2018

Dentons' Banking and Finance team in Warsaw has advised BGZ BNP Paribas on a EU17 million financing granted to three Yareal Group companies to refinance the purchase costs of three properties in Warsaw intended for the construction of residential buildings with total area of approximately 110,000 sq.m.

The scope of Dentons' legal advice included the due diligence of property documents, borrower companies and projects, as well as the preparation of three credit documentation packages.

Herbert Smith Freehills’ renewables experts advise lenders on Finley Solar Farm

09 Nov 2018

Herbert Smith Freehills has advised Australia and New Zealand Banking Group Limited and Westpac Banking Corporation on the project financing of the Finley Solar Farm, to be located west of Finley, southern New South Wales. The project achieved financial close on 5 November 2018.

The Finley Solar Farm, developed by ESCO Pacific Pty Ltd (ESCO Pacific), is a solar photovoltaic plant which has an expected installed capacity of 133 MWac of renewable energy, with approximately 500,000 solar panels producing enough electricity to power the equivalent of 59,000 homes.

Sociéte Générale’s Contemplated Sale of Euro Bank to Bank Millennium

08 Nov 2018

Shearman & Sterling advised Société Générale in connection with the contemplated sale of Euro Bank, its retail banking subsidiary in Poland, to Bank Millennium. The closing of the transaction is expected to take place in the first half of 2019, subject to receipt of clearances from the relevant banking and antitrust authorities.

Total Capital’s $1 Billion SEC-Registered Notes Offering

08 Nov 2018

Cleary Gottlieb acted as counsel to the underwriters in connection with Total Capital’s (TOTAL) SEC-registered offering of $1 billion 3.883% guaranteed notes due 2028.

The notes are guaranteed by Total S.A.

The transaction, which closed on October 11, 2018, was managed by Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America Inc., and Société Générale.

China Evergrande Group $1.8 Billion High-Yield Senior Notes Offering

08 Nov 2018

Davis Polk advised the initial purchasers of a Regulation S offering of high-yield notes by Scenery Journey Limited (a subsidiary of China Evergrande Group) of $565 million aggregate principal amount of its 11.00% senior notes due 2020, $645 million aggregate principal amount of its 13.00% senior notes due 2022 and $590 million aggregate principal amount of its 13.75% senior notes due 2023.

Greenberg Traurig Advised BNP Paribas Group on Completion of the Acquisition of the Core Banking Business of Raiffeisen Bank Polska and the Investment by EBRD in Bank BGZ BNP Paribas

08 Nov 2018

Greenberg Traurig advised BNP Paribas Group on the completion of the transaction of the acquisition of the core banking business of Raiffeisen Bank Polska S.A. ("RBPL") by Bank BGZ BNP Paribas S.A. ("BGZ BNP Paribas") and the related equity investment of PLN 430 million (approximately EUR 100 million) by the European Bank for Reconstruction and Development ("EBRD") through the acquisition of a circa 4.5 percent stake in BGZ BNP Paribas from Raiffeisen Bank International AG ("RBI") and BNP Paribas SA.

Greenberg Traurig Advised Societe Generale on the Sale of Euro Bank, its Retail Banking Subsidiary in Poland, to Bank Millennium

08 Nov 2018

Societe Generale has entered into an agreement to sell Euro Bank, its retail banking subsidiary in Poland, to Bank Millennium.

The reference transaction price for the sale of Euro Bank has been set at PLN 1.83 billion. The final price will be adjusted based on the net asset value of Euro Bank at closing of the transaction.