Watson, Farley & Williams LLP (WFW), a leading international law firm, is pleased to announce that it has acted for Nordea Bank Norge ASA on a US$355m loan facility to Exmar LPG BVBA, a joint venture between Exmar and Teekay.
This deal follows WFW’s advice to Nordea on the joint venture arrangements and amendments to certain loan facilities documented in December 2012/January 2013.
Clifford Chance has advised Emirates NBD PJSC ("ENBD") in relation to the issuance of US$750 million 4.875 per cent. subordinated reset notes due 2023 (the "Notes") under its US$7.5 billion European Medium Term Note Programme. The issuance of the Notes took place on 28 March 2013 and comprise Tier II capital on ENBD's regulatory balance sheet. The Notes were admitted to trading on the Luxembourg Stock Exchange and listed on NASDAQ Dubai. Clifford Chance also advised ENBD in relation to the annual update of its European Medium Term Note Programme.
A robust judgment was rendered by the High Court of Hong Kong yesterday in favour of a bank against mis-selling allegations by its customers (DBS Bank (Hong Kong) Limited v San-Hot HK Industrial Company Limited & Hao Ting, HCA No. 2279 of 2008).
The financial products in question are equity and currency accumulators.
Allen & Overy act for the bank in the proceedings.
Paris Clifford Chance has advised leading banks (HSBC and Natixis) upon issuance by MACIF 250 million of subordinated notes due in 2023 bonds.
The bonds traded on the regulated market of the Luxembourg Stock Exchange March 8, 2013, are intended to be admitted under the solvency margin under the current rules of the Insurance Code and constitute own funds eligible tier 2 Solvency II in accordance with the transition mechanisms as currently defined.
Ashurst have acted for Lloyds TSB Bank plc on the financing of Lion Capital's acquisition of GHD. Lloyds has fully underwritten the £150m all-senior leveraged buyout package backing the take-over of the UK hair care products manufacturer from Montagu Private Equity. The debt package has now been syndicated.
Ashurst has advised BTMU, Helaba, Mizuho and EIB as funders to the SITA-led consortium on the Cornwall rnwall integrated waste management PFI project which achieved financial close on 21 March 2013.
The 30 year PFI contract is to manage the treatment and disposal of all of Cornwall Council's household waste and recycling. The contract involves the design, build, finance and operation of an energy-from-waste facility in St Dennis with a capacity of up to 240,000 tonnes per year.
Slaughter and May is advising International Personal Finance Plc ('IPF'), a leading international home credit business, on its secondary listing on the Warsaw Stock Exchange. IPF has a market capitalisation of £1bn and is a FTSE 250 company.
IPF's Polish business, with 821,000 customers, is its largest home credit operation and most profitable market.
CMS Cameron McKenna advised IPF on Polish law.
Contacts
Ashurst has advised lenders on the €1.818 billion project financing of the Brebemi toll road. The lenders comprise Centrobanca - Banca di Credito Finanziario e Mobiliare S.p.A., Credito Bergamasco S.p.A., Intesa Sanpaolo S.p.A., MPS Capital Services Banca per le Imprese S.p.A. and UniCredit S.p.A. Amongst the institutional investors there are the European Investment Bank and Cassa Depositi e Prestiti S.p.A., with SACE S.p.A. as guarantor. Banco Popolare is acting as co-guarantor.
Law firm CMS has advised UniCredit, Raiffeisen and Sberbank as lenders of a 5-year USD 250 million loan to GeoProMining (“GPM”), a diversified metals resource company operating gold and copper mines in Russia and Armenia.
Ashurst has advised the Bank of Tokyo-Mitsubishi UFJ, Ltd, Sydney Branch (BTMU Sydney) on its A$3 billion transferable certificates of deposit (TCD) programme update and A$300 million inaugural trade.
This transaction marks the relaunch of BTMU Sydney's Australian dollar TCD issuance programme and its first issuance of TCDs under the programme.