Allen & Overy is advising The Bank of Tokyo Mitsubishi UFJ, Ltd (BTMU) on its voluntary tender offer (VTO) for The Bank of Ayudhya Public Company Limited (Krungsri), a major commercial bank listed on the Thai Stock Exchange. The deal is valued at up to USD5.75 billion, which will make it the largest acquisition in Asia to date by a Japanese bank.
Ashurst advised Credit Suisse Securities (Europe) Limited as financial adviser and corporate broker to Computacenter plc's proposed one-off return of approximately £75 million to shareholders.
The return of value is being made by way of a B share structure in conjunction with a share capital consolidation of 9 new ordinary shares for every 10 existing ordinary shares. The B share structure will allow shareholders to receive their payment as capital or income (the payment for US shareholders will automatically be received as income).
Allen & Overy LLP advised quirin bank AG as lead manager on the placement of a bond issued by Grand City Properties S.A. with a volume of EUR 100 million and a seven-year term.
The coupon was fixed at 6.25% in the context of an accelerated book-building process. The bond was placed with institutional investors outside the United States, Canada, Australia and Japan.
Slaughter and May advised Standard Chartered PLC on its issue of CNY1 billion 2.625% Fixed Rate Notes due 2016 (the 'Notes') under its US$50 billion Debt Issuance Programme. The Notes are the first offshore Renminbi bonds to be issued, cleared and settled in Singapore. The Notes are listed on the Singapore Exchange (SGX-ST), cleared via The Central Depository (Pte) Limited and settled through ICBC Singapore.
Standard Chartered Bank acted as the sole lead manager and ICBC Asia, Maybank Kim Eng Securities Pte. Ltd and United Overseas Bank Limited acted as co-managers.
International law firm Simmons & Simmons acted as transaction counsel in relation to an Italian securitisation transaction, collateralised by receivables arising from loans to be reimbursed through salary and/or pension assignment granted by Pitagora S.p.A., as Originator, to its clients.
Slaughter and May and Uría Menéndez, working as an integrated team, are advising Banco Santander, S.A. on an agreement with leading global private equity firms Warburg Pincus and General Atlantic to boost the global growth of its asset management unit, Santander Asset Management ('SAM').
The transaction values SAM at EUR 2,047 million and will generate a net capital gain for the Santander Group of EUR 700 million.
Slaughter and May advised Holmes Master Issuer plc in respect of the issue of US$750 million and £600 million 2013-1 Notes in three different classes under its Residential Mortgage-Backed Note Issuance Programme. The Notes were awarded the Prime Collateralised Securities Label by the recently established PCS Secretariat. Slaughter and May also advised Santander UK plc in its capacity as sponsor, seller, servicer, cash manager and originator under the Programme.
Wragge & Co has advised long-standing client Santander UK plc on a third Growth Capital deal in as many months. A team of banking specialists, led by banking partner Kirsty Barnes, advised the bank on providing four loan facilities totalling £1.5 million to Zest Foods Ltd, part of the Tossed group. The funding will enable London salad bar chain Tossed to open a further eight new stores in addition to its existing portfolio of eleven.
Herbert Smith Freehills has advised the joint bookrunners and lead managers on the S$350 million fixed rate bond offering by TML Holdings Pte. Ltd., the Singapore incorporated wholly-owned subsidiary of Tata Motors and the holding company of Jaguar Land Rover PLC. This offering represented the first bond offering by the Tata Motors group on the Singapore Stock Exchange and the largest ever unrated Singapore dollar bond by an Indian corporate.
Field Fisher Waterhouse advised National Savings & Investments (NS&I) on the award of a major business process outsourcing agreement to Atos. The £660m deal covers the delivery of customer-facing and back-office services to NS&I's 25 million customers across its traditional and newer digital channels. It is expected to deliver savings of more than £400m over its seven year term through improvements in processes, infrastructure and technology.