Glencore Finance (Europe) S.A. issued and Glencore plc, Glencore International AG and Glencore (Schweiz) AG guaranteed notes in the total amount of EUR 2 billion under the USD 20 billion Euro Medium Term Note Program. The notes are listed with the Luxembourg Stock Exchange. Pestalozzi advised on Swiss law aspects of the notes issue.
On 23 March 2015, Cembra Money Bank AG (Cembra) closed its third auto lease securitization transaction involving the issue by Swiss Auto Lease 2015-1 GmbH (the Issuer) of CHF 200,000,000 0.23 per cent. Asset-Backed Class A Notes due 2025 and CHF 22,600,000 0.40 per cent. Asset-Backed Class B Notes due 2025 to the Swiss capital market. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by Cembra and transferred to the Issuer.
Colony Capital, which has been invested in Accor since 2005, announces the successful sale by Colday S.à r.l. (Colday) of 11.5 million shares in Accor, representing 4.9% of the share capital of the company, at a price of 48.75 euros per share, i.e. a total amount of 561 million euros, by way of an accelerated book building involving institutional investors (the “Transaction”). The Transaction was jointly carried out with Eurazeo.
Noerr has advised the Oddo Group on the acquisition of Meriten Investment Management GmbH. With assets of EUR 40 bn under management, Oddo Meriten Asset Management will be one of the biggest independent investment managers in the eurozone.
Shawbrook Group plc completed its listing on the London Stock Exchange and closed its initial public offering. Shawbrook is an independent specialist lending and savings bank serving U.K.-based small and medium sized enterprises and consumers, principally in the areas of commercial mortgages, asset finance, business credit, secured lending and consumer lending.
The Paul, Weiss team advising Shawbrook included securities partner Mark Bergman. Tax assistance was provided by partner David Mayo.
Global legal practice Norton Rose Fulbright’s teams in London, Ottawa and Toronto have successfully advised a syndicate of Canadian and international lenders on the financing of the Gahcho Kue Diamond mine in the Northwest Territories, Canada, which reached financial close on 7 April 2015.
Warsaw: Global legal practice Norton Rose Fulbright has advised ING Bank Slaski S.A., ING Bank N.V. and ING Bank N.V. London Branch on a EUR193m facility made available to TriGranit to refinance existing indebtedness of the Bonarka City Centre shopping centre in Cracow, Poland.
TriGranit is a leading real estate firm which handles real estate investment, property development and property management.
Herbert Smith Freehills is pleased to announce that the firm has advised on a RMB690 million note offering by ITNL Offshore Two Pte. Ltd., guaranteed by IL&FS Transportation Networks Limited. The deal marks the single largest ever CNH bond issue from an Indian company.
Listed on the Singapore Exchange, the offering comprised RMB690 million 7.5% Reg S only Senior Unsecured Notes due 2018.
International law firm Freshfields Bruckhaus Deringer has advised Manulife Financial Asia Ltd on its entry into a bancassurance distribution arrangement with DBS Bank Ltd.
The arrangement, which takes effect on 1 January 2016, grants Manulife the exclusive right to sell insurance and wealth management products to DBS clientele throughout Singapore, Hong Kong, China and Indonesia for a period of 15 years.
The Freshfields team which advised on the commercial agreements was led by Asia regional managing partner Robert Ashworth.
HONG KONG: Allen & Overy has advised Bank of America Merrill Lynch and J.P. Morgan as joint bookrunners on Export-Import Bank of India’s inaugural USD500 million Regulation S green bond issue. The transaction marks the first USD-denominated green bond out of India as well as the first benchmark-sized green bond out of Asia in 2015.
The proceeds of the bond issue will be used to fund eligible green projects in countries like Bangladesh and Sri Lanka. The issuer is aiming for the bonds to qualify for inclusion in the Bank of America Merrill Lynch Green Bond Index.