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Finance & Banking

Shearman & Sterling Advises on $1 Billion Bond Offering by The Royal Bank of Scotland

07 Apr 2014

Shearman & Sterling represented the underwriters, led by RBS Securities Inc., in connection with a global offering by The Royal Bank of Scotland Group plc of US$700 million in aggregate principal amount of 1.875% Senior Notes due 2017 and US$300 million Floating Rate Notes due 2017.

The RBS Group is one of the world’s largest banking and financial services organizations. It is headquartered in Edinburgh and provides a wide range of products and services to personal, commercial and large corporate and institutional customers in over 40 countries.

Addleshaw Goddard acts for arranger and institutional investor on 1st debt capital markets issue by a Scottish Registered Social Landlord

07 Apr 2014

Addleshaw Goddard has acted for the Arranger (The Royal Bank of Scotland plc) and mandated Investor (M&G Investments Limited) on the first own name debt capital markets issue by a Scottish Registered Social Landlord.

The deal, which completed on Thursday 27th March 2014, saw Link Group issue £45,000,000 senior secured notes, which will be used to fund Link Group's extensive and ongoing social housing development programme.

CITIC Securities - cash offer to acquire shares of China XLX and delisting

04 Apr 2014

Slaughter and May, Hong Kong, is advising CITIC Securities Corporate Finance (HK) Limited on the cash offer it will make on behalf of a controlling shareholder (Offeror) of China XLX Fertiliser Ltd. (China XLX) for the shares of China XLX. The cash offer will be made in connection with the proposal to delist the shares of China XLX from the Singapore Exchange, and will be conditional upon the approval of the delisting proposal by China XLX's shareholders.

Redburn - transfer of the entire business of Redburn Partners LLP to Redburn (Europe) Limited

04 Apr 2014

Slaughter and May advised Redburn, one of Europe’s largest independent equities brokers, on the transfer of the entire business of Redburn Partners LLP to Redburn (Europe) Limited.

The transaction, which completed on 31 March 2014, was conditional upon Redburn (Europe) Limited obtaining authorisation from the Financial Conduct Authority.
 
CONTACTS

Corporate and Commercial: Gary Eaborn (partner), Dipak Bhundia (associate); Financial Regulation: Ben Kingsley (partner), Isabel Paintin (associate)

WFW advises Deutsche Bank on the financing of the first Airbus Helicopters AS332 C1e Super Puma

03 Apr 2014

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce it advised Deutsche Bank, Paris Branch (“Deutsche Bank”) on its Coface-backed financing of the first Airbus Helicopters AS332 C1e Super Puma helicopter. South African / Irish helicopter operator Starlite Aviation Group (“Starlite”) is the first customer to take delivery of the new Super Puma model.

Field Fisher Waterhouse advises on Horizon Discovery Group IPO

02 Apr 2014

European law firm Field Fisher Waterhouse has advised Panmure Gordon (UK) Limited in connection with the admission to AIM of Cambridge-based medical technology pioneer Horizon Discovery Group plc. Panmure acted as nominated adviser and broker to Horizon.

Horizon was admitted to AIM today with a market capitalisation of £120.5 million. Panmure raised approximately £68.5 million from institutional investors on behalf of Horizon and selling shareholders. This is one of the largest fundraisings on AIM this year.

Freshfields advises Big Society Capital on significant new investment in Charity Bank

02 Apr 2014

International law firm Freshfields Bruckhaus Deringer has advised Big Society Capital on a multi-tranche subscription in Charity Bank. The investment is the largest ever for Big Society Capital, comprising up to £14.5m of ordinary shares in three successive tranches between 2014 and 2016. It will allow Charity Bank to pursue its aim to increase its lending from around £55m today to around £250m by 2018.

The Freshfields team, working pro bono, was led by partners George Swan and James Smethurst, assisted by John Beckett and Hannah McAslan.

Freshfields advises Wing Hang Bank on proposed takeover offer from OCBC

02 Apr 2014

International law firm Freshfields Bruckhaus Deringer is advising Wing Hang Bank (Wing Hang) on the proposed takeover offer by Oversea-Chinese Banking Corporation (OCBC), which was jointly announced today by Wing Hang and OCBC.

The proposed offer has a total value of approximately US$5bn and remains subject to satisfaction of various regulatory approvals and other conditions.

Wing Hang is one of Hong Kong’s largest local banks and is listed on the Hong Kong Stock Exchange.

Oversea-Chinese Banking Corp - cash offer to acquire Wing Hang Bank for US$4.95 billion

02 Apr 2014

Slaughter and May, Hong Kong, is advising Oversea-Chinese Banking Corporation Limited, the second largest financial services group in Southeast Asia by assets, on its pre-conditional voluntary general cash offer through its wholly owned subsidiary, OCBC Pearl Limited, to acquire the entire issued share capital of Wing Hang Bank, Limited (WHB).

The offer, which was announced on 1 April 2014, is for a total estimated value of HK$38,428 million (US$4.95 billion), or HK$125 per WHB share.

CONTACTS