The Prado I RMBS fund will issue securities valued at €342 million backed by UCI mortgage loans

Unión de Creditos Inmobiliarios (UCI), is the first Spanish credit institution to participate in a mortgage-backed securitization placed on the market after eight years of deadlock.

Banco Santander and BNP Paribas, UCI’s joint shareholders, will place the senior bonds issued by the Prados I RMBS fund on the market, with a final maturity date of 2055. The fund’s portfolio is valued at €450 million.

Rijksvastgoedbedrijf and consortium InBalans have reached Financial Close on the Breda Courthouse PPP project. Clifford Chance acted as legal advisor to the financiers on this project.

Norton Rose Fulbright has advised HSBC as the sole manager in the block sale of 191,400,000 shares in Sinotrans Limited, a company listed on the main board of the Hong Kong Stock Exchange, by Deutsche Post Beteiligungen Holding GmbH at a total consideration of approximately HK$1.09 billion.

Clifford Chance has advised a consortium of 60 lenders in relation to Glencore's USD15.25 bn revolving credit facilities, with HSBC acting as sole coordinators.

The deal involved the refinancing of Glencore's existing revolving credit facilities signed in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes.

A cross-practice London Restructuring and Structured Finance team from Weil, Gotshal & Manges has advised long-standing global client Barclays Bank on the restructuring of the General Healthcare Group ("GHG"), which trades as BMI Healthcare. With over £1.5 billion of debt, a wide array of divergent stakeholders and fluctuating market valuations, this restructuring commenced in 2013 with Weil fielding a team drawn from its Structured Finance, Restructuring, Real Estate and Dispute Resolution practices. The restructuring closed on 29 May 2015.

Allen & Overy LLP has advised Old Mutual plc on its sale of Skandia Leben AG in Switzerland, part of Old Mutual Wealth, to Life Invest Holding AG, a company owned by the Mutschler Group and Hannover Re.

The transaction is still subject to regulatory approvals and other customary conditions and is expected to take approximately six months to complete. The transaction continues Old Mutual Wealth’s commitment to simplify its operations.

Freshfields Bruckhaus Deringer has advised China Merchants Securities (HK) Co., Limited, in its capacity as the sole global coordinator, sponsor and bookrunner for the IPO of Yunnan Water Investment Co. Limited (Yunnan Water) on the Hong Kong Stock Exchange.

The company was listed and commenced trading on 27 May 2015, with the IPO being valued at US$215m.

Yunnan Water is one of the leading integrated service providers in the municipal wastewater treatment and water supply industries in Yunnan Province, China.

Dentons advised Bank Dhofar on its issuance of US$300 million Perpetual Tier 1 Capital Securities, which completed on 27 May 2015. The transaction represented the first ever issuance of Basel III-compliant securities in the form of Additional Tier 1 bonds in Oman and Bank Dhofar's maiden international bond issuance. The Capital Securities were listed on the Irish Stock Exchange and were offered to sophisticated investors outside of the United States in reliance on Regulation S under the US Securities Act 1933.

Clifford Chance has advised HTSC on its $4.5 billion initial public offering, the largest public offering in Hong Kong since AIA's IPO five years ago. The offering contains a "greenshoe option" (a mechanism allowing the company to sell more shares to meet investor demands) which if exercised, would make it the biggest listing in the world thus far this year. HTSC is one of the top five securities firms in China.

Clifford Chance has advised BNP Paribas, Bancolombia, HSBC Bank and Sumitomo Mitsui Banking Corporation on the US$500 million refinancing of the El Dorado International Airport in Bogotá, Colombia. The project is a central component of the Colombian government's multibillion dollar push to improve infrastructure across the country, and one of the largest merchant projects in Latin America.