Trowers & Hamlins has acted as legal adviser to the lenders on a fully syndicatable RO130 million (USD338 million) facility agreement. This is one of the largest corporate borrowings in Oman in recent times.
Frankfurt; Global legal practice Norton Rose Fulbright has advised Bankhaus Lampe KG and Baader Bank Aktiengesellschaft as joint lead manager and joint bookrunners on the issuance of €75m corporate bonds by DIC Asset AG. DIC Asset plans to refinance existing bank loans at portfolio and real estate level with the proceeds from the emission and use parts thereof for general corporate purposes.
Global legal practice, Norton Rose Fulbright has advised JP Morgan Cazenove and Davy as joint sponsors and bookrunners in relation to the €310million initial public offering of newly-incorporated Irish property investment company, Green REIT plc (Green REIT).
Green REIT (Real Estate Investment Trust) has listed on the premium segment of the London Stock Exchange and the Irish Stock Exchange, making it the first main market listing of an Irish company in Ireland for over five years. Green REIT is also Ireland’s first real estate investment trust.
Osborne Clarke has advised Canaccord Genuity in its capacity as nominated adviser, broker and sole bookrunner on the successful AIM IPO of Frontier Developments plc (Frontier).
Frontier is a leading independent developer of video games with studios in Cambridge, UK and Halifax, Canada. The IPO became effective today (15 July 2013), valuing Frontier at approximately £40 million.
The Osborne Clarke team was led by City corporate partner Jonathan King, supported by Associate Director Matthew Bodfield and Senior Associate Samantha New.
A team from Clifford Chance's Amsterdam capital markets department advised ING on a securitisation of a portfolio of EUR 2.2bn Dutch residential mortgage loans originated by WestlandUtrecht Bank, a wholly owned subsidiary of ING Bank N.V. The portfolio of mortgage loans backs the six classes of notes issued by Orange Lion 2013-10 RMBS B.V. All notes (including the subordinated notes, which can be considered to be a new market development) are placed with investors and are listed on NYSE Euronext. The Class A Notes have received the PCS-label. The lead managers are ING Bank N.V.
Clifford Chance and Al-Jadaan & Partners have advised BNP Paribas Investment Company KSA and GIB Capital LLC (GIB Capital) in their roles as joint lead managers and bookrunners on the issuance by SBG Sukuk Limited of its fourth short-term sukuk al-murabaha, guaranteed by Saudi Binladin Group Limited (SBG). The financing is part of an approximately SAR12 billion financing of one of the phases of construction and development of the King Abdulaziz International Airport.
Ashurst has advised an international banking consortium comprising Commerzbank Aktiengesellschaft as technical lead, Deutsche Bank AG, London Branch, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and Landesbank Hessen-Thüringen Girozentrale on the successful issuance of a €350 million 5-year corporate bond by STADA Arzneimittel AG (STADA). Interest on the bond is 2.250 per cent. per annum.
Düsseldorf, Luxembourg, 16 July 2013. Linklaters has advised HSBC Trinkaus & Burkhardt AG on the sale of its private banking business in Luxembourg. HSBC Trinkaus & Burkhardt (International) SA and HSBC Trinkaus Investment Managers SA, wholly owned Luxembourg subsidiaries of HSBC Trinkaus & Burkhardt AG, have entered into an agreement to sell their private banking activities and private banking-related fund business to VP Bank (Luxembourg) SA and VPB Finance SA, which are subsidiaries of Liechtenstein-based VP Bank.
Travers Smith partner and head of the listed funds group Aaron Stocks and investment funds senior associate Will Normand have advised Numis Securities Limited in its capacity as sponsor and sole placing agent to Bluefield Solar Income Fund Limited in connection with its £130 million IPO. Admission took place on 12 July 2013.
Milan; Global legal practice Norton Rose Fulbright has advised UniCredit and Banca IMI on a limited recourse financing to Calabria Solar Srl to re-finance the project costs of a 24 MW solar photovoltaic project located in the municipality of San Floro, Province of Catanzaro. The sponsor of the project is ForVEI, which has acquired the operating project from Talesun through the purchase of the entire share capital of Calabria Solar.