Herbert Smith Freehills has advised the Joint Lead Managers of Macquarie Bank Limited’s (MBL) offer of new Tier 1 hybrid securities known as Macquarie Bank Capital Notes (BCN), which are fully paid, unsecured, subordinated, non-cumulative, mandatorily convertible notes issued by MBL. The offer is intended to raise A$400 million, with the ability to raise more or less.

BCN are offered at an issue price of A$100 and are expected to be quoted on the ASX.

Davis Polk advised Lloyds Bank plc on its SEC-registered offering of $1 billion aggregate principal amount of 2.35% senior notes due 2019, fully and unconditionally guaranteed by Lloyds Banking Group plc. Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as joint bookrunning managers. 

Slaughter and May, Hong Kong, is advising Jefferies Hong Kong Limited and J.P. Morgan Securities (Asia Pacific) Limited, acting as joint bookrunners, in relation to CSI Properties Limited's top-up placing of shares, which involves the placing of existing shares and top-up subscription of new shares (the Shares) for a total consideration of HK$455 million (approximately US$58 million).

CSI Properties Limited intends to use the proceeds of the Shares for future property investment primarily in Hong Kong and Macau and for general working capital purposes.

Ashurst has advised Deutsche Pfandbriefbank AG, a leading specialist bank for real estate financing and public investment finance, on a £100 million financing facility secured by the Frenchgate Shopping Centre in Doncaster.

Frenchgate, ultimately owned by Patrick McKillen, Padraig Drayne and affiliates of Colony Capital, LLC., is a recently refurbished regional shopping centre measuring approximately 800,000 square feet. The property, which is 95% occupied, features over 120 known national and international retailers.

Norton Rose Fulbright has advised the Santander Group on the sale of a stake in a 10MW solar park located in the Municipality of Serre (Province of Salerno, Campania Region) to Italian investor Finanziaria Internazionale Investments (“FII”). The park is situated on land belonging to the Italian Ministry of Defence.

Simpson Thacher represented the underwriters, led by BofA Merrill Lynch, Credit Suisse, J.P. Morgan and RBC Capital Markets in connection with the public offering by Air Lease Corporation of $500 million aggregate principal amount of 2.125% Senior Notes due 2018 and $500 million aggregate principal amount of 4.250% Senior Notes due 2024. The net proceeds of the offering will be used for general corporate purposes including the purchase of commercial aircraft and the repayment of existing indebtedness.

Davis Polk advised Compass Bank, a wholly owned subsidiary of BBVA Compass Bancshares, Inc., in connection with the establishment of its US$5 billion global bank note program.  

Headquartered in Birmingham, Alabama, Compass Bank ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks amount the largest in the Sunbelt.  

Hogan Lovells has advised lenders Barclays, GE Capital, HSBC, Natixis, RBS, Ares Capital and Partners Group on the financing of a £136 million debt package for Acorn Care and Education, announced on 11 September 2014.

DLA Piper has advised on the acquisition by Global Payments Inc of Ezi Holdings Pty Limited (Ezidebit) for AU$305 million. Founded in 1998 and based in Brisbane, Ezidebit is the largest Australian non-bank merchant acquirer and technology-enabled payment solutions company, and has grown to become a market leader in recurring payment solutions across Australia and New Zealand. Ezidebit focuses on enabling Australian and New Zealand merchants to efficiently process payments through a variety of direct debit, BPAY and eCommerce payment solutions.

A Weil team led by New York partner Danek Freeman advised Citi in connection with providing committed debt financing for FMC Corp.’s $1.8 billion acquisition of Cheminova A/S, a multinational crop protection company based in Denmark, from Auriga Industries A/S.