Resource

 

 

 

 

 

 

 

 

 

 

 

Finance & Banking

Allen & Overy advises on Bankhaus Lampe and Commerzbank's capital raising for DIC Asset AG

03 Dec 2013

Allen & Overy LLP has advised Bankhaus Lampe KG and Commerzbank AG as underwriters in connection with the rights issue of DIC Asset AG (DIC Asset) .

DIC Asset has used the capital increase to take over 94 percent of the UNITE  property portfolio which includes 54 office and commercial properties, a portfolio with a market value of around 481 million euros . In addition, a rights issue over 16,652,932 shares with gross proceeds of approximately 100 million euros was undertaken. The proceeds will be used to optimize the portfolio financing and general corporate purposes.

Norton Rose Fulbright advises Berenberg Bank on placement of Vossloh shares

02 Dec 2013

Norton Rose Fulbright has advised Hamburg based Berenberg Bank as sole global coordinator and sole bookrunner in the context of the private placement of a block of shares of Vossloh AG. The founding family of the rail engineering group placed 22 percent of their shares with institutional investors in an international private placement procedure. The shares were sold at a price of 68 euros per share and generated an income in the amount of 200 million euros for the founding family. The placement was concluded on November 27, 2013.

Allen & Overy brings innovation to the building society sector

02 Dec 2013

Allen & Overy has advised Nationwide Building Society on the creation and inaugural issuance of GBP500 million Core Capital Deferred Shares (CCDS), a mutual-friendly capital raising instrument designed to meet the requirements of UK and European authorities under the new regulatory capital regime.

The issuance was significantly oversubscribed. The managers were Bank of America Merrill Lynch, Barclays, JP Morgan Cazenove and UBS. Nationwide was advised by Rothschild.

Norton Rose Fulbright represents BTMU in acquisition financing for Fiera Axium Infrastructure

29 Nov 2013

Norton Rose Fulbright represented The Bank of Tokyo-Mitsubishi UFJ, Ltd. ("BTMU") in a $33.1 million loan to a subsidiary of Fiera Axium Infrastructure US L.P.

The loan allowed Fiera Axium Infrastructure to acquire a 49% equity interest in the Wheat Field Wind Farm, a 97 MW wind farm owned by EDP Renewables North America LLC.

DLA Piper advises OnCard on the $53.2 million sale of SmartPASS business

29 Nov 2013

DLA Piper has acted for OnCard International Limited (OnCard) in the signing of a binding sale and purchase agreement with Great Bless Enterprises Limited to sell its 50% equity interest in its sino-joint venture company, Shanghai Smart Service Company Limited (SmartPASS) for AU$53.2 million.

SmartPASS operates principally in Shanghai and is the pre-eminent, independent, multi-merchant prepaid card company in China.

Freshfields advises on US$423m YuanShengTai Dairy Farm Limited IPO

29 Nov 2013

Freshfields Bruckhaus Deringer has advised a consortium of underwriters on the listing of the YuanShengTai Dairy Farm Limited IPO, which commenced trading on the Hong Kong Stock Exchange today.

The final offering amount is US$423m for the issuer and selling shareholders.

Freshfields advised the underwriters – a consortium of Credit Suisse, Macquarie and China Securities International – on both the United States and Hong Kong aspects of the listing.

Clifford Chance advises on China Development Bank's upsized RMB4.5 billion notes issuance

29 Nov 2013

Clifford Chance's Hong Kong office has advised the joint lead managers and bookrunners, Hong Kong and Shanghai Banking Corporation, Standard Chartered Bank, Barclays, Bank of China (Hong Kong), ABC International, Bank of Communications, Hong Kong Branch, CCB International Capital, ICBC (Asia) and ICBC International Securities, on China Development Bank's (CDB) RMB4.5 billion notes issuance.

The original offering of RMB3 billion was increased to RMB4.5 billion due to strong investor demand, yet continued to be 1.22 times oversubscribed.

IBM €2.5 Billion Notes Offering

29 Nov 2013

Davis Polk advised underwriters represented by Deutsche Bank AG, London Branch, Goldman, Sachs & Co., Société Générale and UniCredit Bank AG in connection with a public offering by International Business Machines Corporation of €1.5 billion principal amount of its 1.875% notes due 2020 and €1 billion principal amount of its 2.875% notes due 2025.

Export Development Canada $1 Billion Global Bond Offering

29 Nov 2013

Davis Polk advised underwriters represented by Goldman Sachs International, HSBC Securities (USA) Inc., Mizuho International plc and RBC Capital Markets, LLC in connection with the offering of $1 billion aggregate principal amount of 0.625% U.S. dollar bonds due 2016, issued by Export Development Canada.

Export Development Canada, a crown corporation of Canada, provides financing, insurance and bonding solutions to Canadian companies that export goods and services or invest in other countries. The bonds carry the full faith and credit of Canada.