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Finance & Banking

Travers Smith client Euroclear UK & Ireland successfully launches ground-breaking new payment system

03 Oct 2018

Travers Smith LLP has assisted its long-standing client, Euroclear UK and Ireland (EUI), on the successful launch of a new service for US dollar securities transactions under a central bank payment model (the US Dollar Service). 

EUI is the central securities depository (CSD) for the United Kingdom and Ireland. It provides state-of-the-art, post-trade services for UK, Irish and international securities on a delivery-versus-payment (DvP) basis in sterling, euro and US dollars.

White & Case Advises Group BPCE on Inaugural Local Economic Development Bond Issuance

03 Oct 2018

Global law firm White & Case LLP has advised Group BPCE on its inaugural local economic development bond issuance.

The bond is a €1.25 billion senior preferred 0.625% notes due 2023. The bank syndicate included Natixis, ABN AMRO Bank N.V., Bankia, S.A., ING Bank N.V. and Skandinaviska Enskilda Banken AB as Joint Lead Managers.

The White & Case team that advised on the transaction was led by partner Grégoire Karila and included associate Petya Georgieva.

White & Case Advises the Commonwealth Bank and Société Générale on a US$120 Million Reserve-Based Term Facility

01 Oct 2018

Global law firm White & Case has advised the Commonwealth Bank of Australia and Société Générale, Singapore Branch, as mandated lead arrangers, underwriters and bookrunners, on a US$120 million reserve-based term facility provided to Jadestone Energy (Eagle) Pty Ltd (a wholly owned subsidiary of Jadestone Energy Inc.) for the acquisition of the Montara offshore oil project (including FPSO).

Milbank Advises Together Mortgages on its £350M Senior PIK Toggle Notes Offering

01 Oct 2018

Milbank, Tweed, Hadley & McCloy LLP has advised Bracken Midco1 plc (the Issuer) on the offering of its £350 million aggregate principal amount of 8% / 10% Senior PIK Toggle Notes due 2023.

The proceeds from the offering have been used, among other things, to refinance the Issuer’s Senior PIK Toggle Notes due 2021 issued in November 2016, to provide its shareholder with the funds required to redeem its outstanding loan notes and to make a distribution to its shareholder.

Baker McKenzie advises Casablanca Finance City in relation to the issuance of a 355 million dirhams green bond

01 Oct 2018

Baker McKenzie has advised Casablanca Finance City (CFC) in the context of the issuance of a 355 million dirhams green bond.

This operation will allow to finance the extension of the CFC real estate programme, which aims to obtain international LEED certification (Leadership in Energy and Environmental Design). The issuance was completed through a private placement with the largest institutional investors of the Kingdom of Morocco, after having obtained authorisation from the Moroccan capital markets authority (AMMC).

Norton Rose Fulbright advises bank consortium on the approval for the sale of a 59.4 per cent stake in an Italian hospital concession holder

01 Oct 2018

Global law firm Norton Rose Fulbright has advised a group of banks, including The Royal Bank of Scotland, the European Investment Bank, Crédit Agricole CIB, UniCredit and Banca IFIS, which provided financing to Veneta Sanitaria Finanza di Progetto S.p.A., the concession holder for Ospedale dell’Angelo di Venezia-Mestre (also known as the New Hospital in Mestre), in relation to the approval for the sale of a 59.4 per cent stake in the hospital concession holder by Astaldi S.p.A. and its subsidiary Astaldi Concessioni S.p.A., to Core Infrastructure II S. à r.

Hogan Lovells leads on launch of UK first for Goldman Sachs with online savings bank, Marcus

01 Oct 2018

Hogan Lovells has advised long-standing financial institutions client Goldman Sachs on its entry into the UK market with the launch of its first UK retail savings bank.

Marcus by Goldman Sachs, named after co-founder Marcus Goldman, is an online-only digital bank aimed at the consumer market, a growing focus for Goldman Sachs.

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