Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft (“OeKB”) of its $1.5 billion 2.875% guaranteed global notes due 2021. The notes are guaranteed by the Republic of Austria.

Clifford Chance's Madrid and New York offices advised Natixis and certain of its partners (as Senior Lenders) and American General Life Insurance Company (AIG), Pacific Life Insurance Company (Pacific Life) and Metropolitan Life Insurance Company (MetLife) and certain of their affiliates (as Note Purchasers) on an innovative refinancing transaction relating to the Carhuaquero – Cajamarca Norte – Cáclic – Moyobamba Nueva transmission line project in Northern Peru.

Eversheds Sutherland has successfully completed a significant outsourcing of TSB Bank Plc’s facilities management services across its entire UK portfolio.

The global legal practice assisted TSB with all the legal aspects of the outsourcing, including a new five-year contract for the provision of facilities management services with ISS Facility Services Limited. The contract has the potential to be increased for a further four years.

Milbank, Tweed, Hadley & McCloy LLP advised BPI Capital Corporation, as sole global coordinator, and  Deutsche Bank, HSBC and J.P. Morgan as joint lead managers and joint bookrunners,  in connection with the issuance of US$600 million 4.25% notes due 2023 by Bank of the Philippine Islands (“BPI”). The issuance was a drawdown from BPI’s US$2 billion medium term note program established in June 2018.

Clifford Chance has advised Bremer Kreditbank (BKB) on its merger with Oldenburgische Landesbank (OLB), Germany's largest private regional bank in terms of total assets, number of staff and branch network. In future, the merged bank will do business as OLB, and the BKB brand will be discontinued. The move had been approved by the general meetings of both banks in mid-August. On 31 August 2018 the merger was then entered in the commercial register.

DLA Piper has advised Russia's largest bank, Sberbank, on its joint venture (JV) with Rambler Group and several other investors to create Foodplex, a united digital platform for the restaurant market. The stake of Sberbank in the JV will be 35% and Rambler Group will own 30%. Another 35% will be owned by GHP Partners, Grigoriy Gurevich and Evgeniy Malakhov.

Baker McKenzie's Kyiv, Frankfurt, Berlin and Amsterdam Offices assisted a consortium of German banks, led by Bayerische Landesbank, and DTEK Renewables to complete a significant ECA-backed finance transaction in the Ukrainian renewable energy sector, aimed at financing the construction of the first stage (100MW) of the Primorska wind electric plant (Primorska WEP) in Zaporizhzhya region of Ukraine.