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Finance & Banking

BIND Therapeutics Initial Public Offering

17 Oct 2013

Davis Polk advised Credit Suisse Securities (USA) LLC and Cowen and Company, LLC as joint book-running managers in connection with the $70.5 million initial public offering of common stock by BIND Therapeutics, Inc. BIND’s common stock is listed on the Nasdaq Global Select Market under the symbol "BIND."

Based in Cambridge, Massachusetts, BIND Therapeutics is a clinical-stage nanomedicine platform company developing targeted and programmable therapeutics called Accurin.

National Savings Bank $750 Million Senior Notes Offering

17 Oct 2013

Davis Polk advised Barclays Bank PLC, Citigroup Global Markets Inc. and The Hongkong and Shanghai Banking Corporation Limited as the joint lead managers in connection with the Rule 144A/Regulation S offering by National Savings Bank of its $750 million 8.875% senior notes due 2018. 

Established in 1971, National Savings Bank is one of the largest banks in Sri Lanka in terms of customer reach and third-largest in terms of total customer deposit base. 

Davis Polk Advises Morgan Stanley on $862.5 Million Preferred Stock Offering

16 Oct 2013

Davis Polk advised Morgan Stanley in connection with its $862.5 million SEC-registered offering of 34,500,000 depositary shares, each representing 1/1,000th interest in a share of its fixed-to-floating-rate non-cumulative preferred stock, Series E. The depositary shares sold in the offering include shares sold pursuant to the underwriters’ fully exercised option to purchase additional shares. The offering was made through an underwriting syndicate led by Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P.

Standard Chartered - annual update of US$57.5 billion debt issuance programme

16 Oct 2013

Slaughter and May, London and Hong Kong, advised Standard Chartered on the annual update of its US$57.5 billion debt issuance programme, under which Standard Chartered PLC, Standard Chartered Bank and Standard Chartered Bank (Hong Kong) Limited have the ability to issue notes to be listed and traded on the London and Hong Kong Stock Exchanges.

CONTACTS

Dentons advises Barclays Bank Plc on the further roll-out of Barclays Pingit banking app

16 Oct 2013

London - Dentons has advised Barclays Bank Plc on the roll-out of two additional payment solutions to its mobile payments app Barclays Pingit; 'buyit' and 'mobile checkout'.

Barclays Pingit, a marketing leading banking app launched by Barclays in 2012, now allows users to purchase directly from merchants using the 'buyit' or 'mobile checkout' features. 'buyit' enables customers to order and pay for goods and services by scanning a QR code, while the 'mobile checkout' feature will allow merchants to integrate Barclays Pingit payments into their own mobile sales paths.

Norton Rose Fulbright advises on £330m refinancing for Infinis

16 Oct 2013

Global legal practice Norton Rose Fulbright has advised National Australia Bank (NAB), Royal Bank of Scotland (RBS) and Santander on the refinancing of onshore wind energy assets in the UK owned and operated by Infinis, one of the UK's leading generators of renewable power.

The refinancing was structured by NAB and includes facilities of approximately £330 million and relates to 16 operational renewable energy projects comprising over 270 megawatts of total installed capacity.

Allen & Overy advises Lloyds Banking Group on the sale of select Australian businesses

15 Oct 2013

Lloyds Banking Group plc has agreed the sale of its Australian asset finance business, Capital Finance Australia Ltd (CFAL), and its corporate loan portfolio, BOS International Australia Ltd (BOSI) to Westpac Banking Corporation for approximately A$1.55 billion in total.

The consideration includes approximately A$1.45 billion for the shares in the operations and approximately A$0.1 billion for the market value of derivative contracts.

Dentons advises on US$300 million syndicated shipping deal in the Middle East

11 Oct 2013

Abu Dhabi, UAE—Dentons is pleased to announce that it has advised Standard Chartered Bank and a syndicate of banks in relation to a US$300 million syndicated facility to Stanford Asia Holding Company.

The five-year syndicated facility was arranged by Standard Chartered Bank, Emirates NBD, Mubadala GE Capital PJSC, Noor Islamic Bank PJSC, Abu Dhabi Commercial Bank PJSC, Barwa Bank and Mashreqbank PSC.

Norton Rose Fulbright advises on financing of South East Asia’s first LNG floating storage and regasification unit

11 Oct 2013

Norton Rose Fulbright has advised a group of banks led by Sumitomo Mitsui Banking Corporation on the financing for Golar LNG of Indonesia’s first LNG floating storage and regasification unit (FRSU).

The FSRU, named Nusantara Regas Satu, was financed through a US$155 million term facility and a US$20 million revolving facility.