Clifford Chance has advised Bangkok Bank, Kasikornbank and Standard Chartered as the joint lead managers on the Kingdom of Thailand's THB76 billion (US$2.3 billion) inaugural government bond switching transaction. As part of its Public Debt Management Plan, the Kingdom of Thailand invited holders of LB155A bonds due May 2015 to exchange for four destination bonds with longer maturities including LB176A due June 2017, LB191A due Jan 2019, LB21DA due Dec 2021 and amortising bonds, LBA37DA due Dec 2037.

Setterwalls assists the shareholders' of Prognosia in the sale of the company to Allra, creating a joint business which administrates more than 21 billion SEK for more than 170 000 customers.

Setterwalls' team consisted of Anders Holmgren, Fanny Torgerson och Christoffer Mangelus.

Clifford Chance has Asian Development Bank (ADB) on the sale of its entire 3.95% stake in Bank of Hangzhou to China Life Insurance Company Limited, the largest commercial insurance group in China with assets exceeding 1 trillion RMB.

Bank of Hangzhou is the third largest non-listed city commercial bank in China. The sale was conducted through a competitive auction process and completed at the end of October 2014.

Norton Rose Fulbright has advised Alpha Bank, a leader in the Greek market, on an innovative securitisation raising in excess of US$500m. The transaction, arranged and financed by Citibank, financed a portfolio of shipping loans. Alpha Bank will continue to service the loans. Unlike many securitisations, the financing was provided in a loan style format.

David Shearer, securitisation partner, Norton Rose Fulbright comments:

Norton Rose Fulbright has advised Citibank (London and Milan branches), as Principal Paying Agent, Local Paying Agent and Calculation Agent, for the issue of mini-bonds by the renewable energy company, Antin Solar Investments S.p.A. (Antin Solar). Citibank will also act as representative of the bondholders, through Citicorp Trustee Company Limited. The funds raised will be used by the company to refinance investments in the solar sector. This was the first ever deal of its kind in Italy.

Noerr advised Quirin Bank on the complete placing of a German Pellets GmbH 100 million Euro corporate bond. The quirin bank acted as Lead Manager and sole bookrunner and Steubing AG as Co-Lead Manager.

Clifford Chance has advised J.P. Morgan on the takeover offer of Deutsche Annington Immobilien SE to GAGFAH S.A. The Clifford Chance team was led by partner Dr. Marc Benzler (Banking & Capital Markets) and comprised partner Dr. Felix Mühlhäuser and counsel Olaf Mertgen (both Tax), senior associates Dr. Stefan Ueding, Dr. Kai Krieger and Gregory Chartier (all Banking & Capital Markets), partners Dr. André Schwanna, Dr. Arndt Stengel and senior associate Dr.

Ashurst has advised Natixis and the other bank and bond financiers on the first project bond in Italy and a landmark debt refinancing of Antin Solar Investments, a leading Italian solar PV portfolio.

Norton Rose Fulbright in Sydney has acted for the Bank of New York Mellon (BNY Mellon) in connection with QBE Insurance Limited’s issuance of US$700 million Tier 2 subordinated notes.

Norton Rose Fulbright advised BNY Mellon, as trustee, paying agent and registrar in the landmark deal, which involved the first ‘bail-in’ style funding transaction by an Australian insurance company.

Slaughter and May advised International Finance for Immunisation Company (IFFIm) on the issuance by IFFIm Sukuk Company Limited of IFFIm's inaugural Sukuk, raising US$500,000,000 for children's immunisation in the world's poorest countries through Gavi, the Vaccine Alliance. This transaction is the largest Sukuk al-Murabaha issuance in the public markets and is the largest inaugural Sukuk offering by a supranational.