International law firm Ashurst advised Cassa depositi e prestiti on a €105 million financing to Gaia S.p.A., in connection with its investment program for the upgrading of ATO 1, a Northern Tuscany integrated water service infrastructure, covering with its service 47 municipalities.
Frankfurt—Global law firm Dentons has advised S-Kreditpartner GmbH, a credit institution in Berlin, on the refinancing of a consumer loan portfolio worth over €700 million via Societas Aurifex UG (haftungsbeschränkt), a special purpose entity incorporated for the purposes of this transaction. The special purpose entity was established via the TSI platform of True Sale International and acted as purchaser for the loan portfolio. The acquisition was financed through an untranched certificated loan (Schuldscheindarlehen) in a corresponding amount.
Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $1 billion aggregate principal amount of senior floating-rate notes due 2020 guaranteed by SMBC’s New York branch.
SMBC is one of world’s largest commercial banks by assets.
Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1 billion aggregate principal amount of 3.936% senior notes due 2023, $850 million aggregate principal amount of floating-rate senior notes due 2023 and $650 million aggregate principal amount of 4.306% senior notes due 2028. The notes are structured to count as total loss-absorbing capacity (“TLAC”) when TLAC regulations are implemented in Japan.
Baker McKenzie has successfully acted as underwriter counsel to UBS and Moelis Australia on the $276 million capital raising by Centuria Metropolitan REIT (CMA) and as underwriter counsel to Moelis Australia on the $100 million capital raising by Centuria Capital Group (CNI).
Jones Day represented Bryan Garnier & Co Ltd and Crédit Agricole Corporate and Investment Bank, as joint global coordinators and joint bookrunners, in connection with the €30 million (US$34.4 million) initial public offering of Ordinary Shares on the regulated market of Euronext in Paris by MedinCell, a developer of next generation of best-in-class medicine.
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Shearman & Sterling represented Citigroup Global Markets, BNP Paribas, Credit Suisse, Goldman Sachs International, ING Bank, RBC Capital Markets and Scotia Capital as initial purchasers in connection with Cable and Wireless' $500 million offering of 7.500% senior secured notes due 2026 by its wholly owned subsidiary C&W Senior Financing Designated Activity Company. The offering, which was conducted pursuant to Rule 144A and Regulation S under the U.S. Securities Act, closed on October 11, 2018.
DaFa Properties Group Limited (HKEX: 6111) (DaFa Properties) was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited. Sidley were legal advisers to CCB International Capital Limited as sole sponsor to the listing and sole global coordinator to the offering, together with CMB International Capital Limited, First Capital Securities Limited, Yuanyin Securities Limited, SSIF Securities Limited, Head & Shoulders Securities Limited and Pacific Foundation Securities Limited as underwriters.
Global law firm White & Case LLP has advised a group of banks on the updates of the Kingdom of Saudi Arabia's 144A/Reg S Global Medium Term Note Programme and Trust Certificate Issuance Programme, and on the issuance of US$2 billion Trust Certificates due 2029 under the latter.
Allen & Overy has advised Nordea Bank S.A. on the sale of part of Nordea’s Luxembourg-based private banking business to UBS Europe SE. Completion was announced yesterday, 15 October 2018, further to the signing of the agreement on 25 January 2018.