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Finance & Banking

Shearman & Sterling Advises Joint Placement Agents on €204 Million Capital Increase by Hellenic Bank

04 Feb 2015

Shearman & Sterling has advised Deutsche Bank and Axia Ventures Group in their capacity as Joint Placement Agents in connection with a €204 million capital increase by Hellenic Bank Public Company Limited (“Hellenic Bank”) through a rights issue. Hellenic Bank intends to use the proceeds from the capital increase to meet residual capital requirements resulting from the comprehensive assessment conducted in October 2014 by the European Central Bank and European Banking Authority, and for general corporate purposes.

Shearman & Sterling Advises LBBW and NordLB on the Financing of the Acquisition of Rameder

04 Feb 2015

Shearman & Sterling advised Landesbank Baden-Württemberg and Norddeutsche Landesbank on the financing of Findos Investor’s acquisition of the Rameder Group. The investment company Riverside was one of the sellers. Although the transaction has already been executed, the parties have agreed not to disclose the purchase price and the financing volume.

Paul Hastings Advises Managers on Haitong International Finance’s US$700 Million Guaranteed Bonds Issuance

03 Feb 2015

Paul Hastings announced today that the firm adhasvised Deutsche Bank AG, Singapore Branch, Haitong International Securities Company Limited, The Hongkong and Shanghai Banking Corporation Limited, and Huatai Financial Holdings (Hong Kong) Limited as the managers in the US$700 million guaranteed bonds due 2020 issued by Haitong International Finance 2015 Limited, an indirect wholly-owned subsidiary of Haitong International Securities Group Limited (“Haitong International”).

Borenius Advised the Mandated Lead Arrangers in Project Financing of Turun Seudun Energiantuotanto Oy

03 Feb 2015

Borenius advised Pohjola Bank plc and the other mandated lead arrangers Svenska Handelsbanken AB (publ) and Swedbank AB (publ) in project financing of Turun Seudun Energiantuotanto Oy (TSE).

TSE is one of the largest regional energy producers in Finland. The discussed financing is made available to the construction and development of a new 450MW multi fuel CHP plant (Na4) (generating heat, process steam and electricity), which is one of the largest industrial investments in Finland published in 2014.

Borenius Advised Nordea and SEB Regarding the Acquisition Financing of Evac

03 Feb 2015

We advised Nordea and SEB as mandated lead arrangers in relation to the debt financing of the acquisition of Evac Oy by IK VII Fund, advised by IK Investment Partners.
 
Evac is a global market leader in integrated water and waste management solutions for the marine, offshore and building industries, with a presence in more than 40 countries around the world.

Our team was led by Partner Andrei Aganimov. Other team members were Specialist Partners Niina Nuottimäki and Johannes Ahti as well as Associate Jenny Shahnovskij.

Paul Hastings Advises Baosteel Financing on US$500 Million Guaranteed Bonds Offering

02 Feb 2015

Paul Hastings has announced today that the firm advised Baosteel Financing 2015 Pty Ltd. (“Baosteel Financing”) as the issuer on the issuance of US$500 million guaranteed bonds, guaranteed by Baosteel Resources International Company Limited, due 2020.

Deutsche Bank and Standard Chartered Bank acted as the joint global coordinators. Deutsche Bank, Standard Chartered Bank, ANZ, Bank of China, DBS Bank Ltd. and HSBC acted as the joint bookrunners and joint lead managers.

Houthoff Buruma represented ING Commercial Finance in defending a case before the Supreme Court concerning 'surplus sharing arrangements'

02 Feb 2015

Houthoff Buruma represents ING Commercial Finance in defending a case before the Supreme Court concerning 'surplus sharing arrangements'. Such arrangements provide lenders of the same debtor with rights for recourse on a potential surplus in the collateral provided to each of the other respective lenders. Recent Supreme Court decisions have raised questions with scholars and financial markets on the enforceability of surplus sharing arrangements in case of bankruptcy of the debtor.

São Paulo-based Clifford Chance team advises IFC on US$400 million "green" loan facility

02 Feb 2015

Clifford Chance has advised International Finance Corporation with respect to a US$400 million A/B/Parallel "green" loan facility extended to Itaú Unibanco. The facility is split between a five-year $100 million A tranche, provided by IFC, and a three-year $300 million B tranche, funded equally by Bank of America, Commerzbank and Mizuho.

Norton Rose Fulbright advises on financing, construction and operation of biomass plant in South Wales

29 Jan 2015

Norton Rose Fulbright has advised Deutsche Bank AG, London Branch, Deutsche Bank S.A. and Eksport Kredit Fonden (EKF), the Danish Export Credit Agency, in relation to the financing, construction and operation of a new 40MW biomass energy facility at Port Talbot, Wales. The capital cost of The Margam Green Energy Project is £140 million.