Milbank, Tweed, Hadley & McCloy has represented underwriters Bank of America Merrill Lynch and JP Morgan Securities in a $1 billion bond offering by Banco Nacional de Costa Rica, Costa Rica’s largest bank.
 
The issuance consists of two tranches: $500 million of 4.875% senior notes due 2018, and $500 million of 6.250% senior notes due 2023.
 
Banco Nacional is wholly owned by the Costa Rican government and is the country’s leading bank as measured by total assets, loans, and deposits.
 

Squire Sanders has advised the full-service broking and advisory house and AIM nominated adviser Peel Hunt LLP, in relation to an equity fundraising by Peel Hunt’s client, Proxama plc. The fundraising involved an institutional placing with a view to raising £8.6m million (gross). The funds raised will be used to support Proxama's geographic and commercial expansion. Part of the fundraising is conditional on the approval of Proxama’s shareholders.

Hogan Lovells has achieved another successful milestone on behalf of BTA Bank in one of the biggest fraud cases to have ever come before the English courts.  Last week the English High Court granted a further judgment in favour of BTA Bank against Mukhtar Ablyazov for approximately US$400 million (£245 million) as part of its continuing efforts to recover assets from the Bank's former chairman.

Herbert Smith Freehills has advised Industrial & Commercial Bank of China Ltd. (ICBC) on its RMB2 billion (US$328.5 million) yuan-denominated dim sum bond issuance in London.

ICBC, China's largest lender by assets, offered the bonds in two tranches—one for 1.3 billion yuan, with a three-year maturity and a 3.35 percent coupon, and the other at 700 million yuan with a five-year maturity and a 3.75 percent coupon.

Herbert Smith Freehills is advising Citigroup Global Markets Australia Pty Limited and UBS AG, Australia Branch in relation to their role as joint lead managers and underwriters of Veda Group Limited’s (Veda) initial public offering (IPO) and listing on the Australian Securities Exchange.

DLA Piper advised BTG Pactual as arranger and placement agent of a $132.8 million project bond offering by Planta de Reserva Fría de Generación de Eten S.A., a Peru-based power generation company, to finance a 20-year concession to build, develop, operate and maintain a new thermal cold reserve power plant, transmission line and related infrastructure in the Reque district in the province of Chiclayo, Peru. The transaction closed on December 5.

King & Wood Mallesons SJ Berwin has been advising The Royal Bank of Scotland on the European Commission's investigation into potential collusion within the Yen and Euro interest rate based derivatives market and took the lead for the bank on its €391m (£325m) settlement.

As a result of its cooperation, RBS has received substantial reduction in fines under the Commission’s leniency programme.

Mayer Brown, a leading global law firm, represented Citigroup Global Markets Inc. and Bank of America Merrill Lynch as the underwriters on a $450 million Rule 144A/Regulation S bond offering of airline ticket receivables of the Chile-based LATAM Airlines Group S.A., Latin America’s largest airline and one of the largest airlines in the world in terms of passengers and cargo transported. The transaction marks the first securitization of airline ticket receivables in Latin America since 2002.

Mayer Brown, together with the leading Spanish law firm Cuatrecasas, Goncalves Pereira, has advised Banco de España on the €122m sale of its 5.3% stake in Bolsas y Mercados Españoles (BME) in an accelerated bookbuilding transaction. Through the transaction, the national central bank disposed of its entire holdings in the operator of the Spanish Stock Exchanges.

DWF has advised MoneyPlus Group, the Palatine Private Equity backed debt and financial services provider, on its acquisition of Richardson Mail Solicitors.

The deal will enable MoneyPlus Group to create a new legal service as its application for authorisation as a licensed body by the Solicitors Regulation Authority (SRA) has been approved, and through its new Alternative Business Structure, the Group is able to provide legal advice.