Mayer Brown JSM has advised Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch Development Bank, on a subscription for 15% of the equity in Hamkorbank, one of the most successful midsize private commercial banks in Uzbekistan and a public company traded on the Tashkent Stock Exchange. Together with the International Finance Corporation (IFC), which has been a shareholder in Hamkorbank since 2010, FMO and IFC will collectively hold a 30% stake in Hamkorbank.

Mayer Brown has acted for BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets as Joint Lead Managers in the EUR 825 million (equivalent) Norwegian auto loan securitisation issued by Bilkreditt 6 Limited.

Trowers & Hamlins were appointed as local counsel to advise a consortium of 21 international and local financial institutions on all legal aspects of the financing of a US$2.8 billion loan arranged for Oman Oil Refineries and Petroleum Industries Company (ORPIC), primarily in relation to its refinery improvement project.

Ashurst, in conjunction with Irish firm A&L Goodbody, has advised the funders to Dublin Waste to Energy Ltd, which is majority owned by Covanta, a world leader in providing sustainable waste and energy solutions, to bring the development and financing of the Poolbeg Energy from Waste ("EfW") project in Dublin to a successful close on 19 September 2014.

Norton Rose Fulbright has advised Goldman Sachs on the issue of its landmark debut sukuk issue. The $500 million sukuk was met with strong demand from investors.

The sukuk is based on a wakala structure with the underlying assets linked to commodities. The sukuk has been approved by respected scholars Dr Mohamed Elgari, Dr Abu Ghuddah and Sh Nizam Yaquby.

Farmida Bi, head of Islamic finance, Europe comments:

Slaughter and May is advising Arrow Global Group PLC, one of the UK's largest providers of debt purchase and receivables management solutions, on the proposed acquisition of Capquest. Capquest is a UK consumer debt purchaser and outsourced collections provider and is being purchased from a fund controlled by TowerBrook Capital Partners L.P. at an enterprise value of £158 million.

Arrow Global will finance the acquisition from its existing cash resources and debt and has put in place a committed bridge facility.

IVG Immobilien AG, a German real estate company, completed its in-court restructuring of €4.3 billion of debt within a record 13 months after filing for insolvency. IVG entered insolvency when the company’s diverse holders of financial instruments failed to find a consensual deal for the complex capital structure. The restructuring is one of the largest in-court restructurings by debt ever done in Germany, and a landmark deal for the use of a debt-to-equity swap under the application of the new German insolvency regime “ESUG,” which was introduced in 2012. 

Davis Polk advised Nomura International plc, Deutsche Bank AG, London Branch and Citibank N.A., London Branch (the “collar counterparties”) in connection with funded collar transactions with Waha AC Cooperatief U.A., a Dutch affiliate of Waha Capital PJSC, relating to approximately 14.9 million ordinary shares of AerCap Holding N.V.

Linklaters advised the Managers in connection with the CNY 1 billion 3.50%. Notes due 2017 issued by Agricultural Bank of China Limited Dubai Branch, under Agricultural Bank of China Limited's US$ 15 billion Medium Term Note Programme. Agricultural Bank of China is China’s third largest by assets. This transactions marks the first Reminbi offering in Dubai by a non-Dubai entity and the first Chinese fixed income bond on an Arab stock market.

One of the stated aims of the transaction was to contribute to the continuing global expansion of the Chinese currency.

Linklaters has advised the managers on four tranches of bonds issued by BSkyB. Proceeds from the bonds will help finance its acquisition of Sky Italia and a majority stake in Sky Deutschland from 21st Century Fox.