Ashurst advised Santander Consumer Bank AG (Santander) on the securitisation of a portfolio of auto loans. The issuer, SC Germany Auto 2018-1 UG (haftungsbeschränkt), issues bonds with a total nominal value of €600 million backed by auto loan receivables. The receivables were sold by Santander. The bonds were placed by Banco Santander, S.A. (through its Santander Global Corporate Banking Division), UniCredit Bank AG and Société Générale S.A.

Fortune Fountain Capital (“FFC”), a prominent Asian financial group established as a family office, announced that it has completed the acquisition of 88.8% of the share capital of Baccarat S.A., the internationally renowned French luxury crystal Maison, listed on Euronext Paris, from affiliates of Starwood Capital Group and L Catterton.

London—Dentons has advised Citigroup Global Markets Limited, Goldman Sachs International, The Toronto-Dominion Bank and others as lead managers on the issue by Finnvera plc ("Finnvera") of US$1,000,000,000 3.000 per cent. Notes due 2023 guaranteed by the Republic of Finland pursuant to Finnvera's US$11,000,000,000 Euro Medium Term Note (EMTN) Programme. This transaction represents the fourth issuance by Finnvera since May 2017 on which Dentons has advised the lead managers, raising aggregate gross proceeds of over US$3,750,000,000.

Davis Polk advised The Royal Bank of Scotland Group plc (RBSG), a public limited company incorporated under the laws of Scotland, in connection with its SEC-registered shelf takedown of $1.25 billion aggregate principal amount of 4.519% Fixed Rate/Floating Rate Senior Notes due 2024 and $0.75 billion aggregate principal amount of Floating Rate Senior Notes due 2024.

International law firm Clifford Chance has advised Deutsche Apotheker- und Ärztebank eG on the sale of the Kantstrasse 44/45 property in Berlin-Charlottenburg to ACCENTRO Real Estate AG.

ACCENTRO will use the building with a total area of around 3,300 square metres as its new company headquarters. In addition, apartments with a gross floor area of around 2,900 square metres can be constructed on the acquired property.

Ashurst advised a syndicate of 11 banks on the £885m of refinancing facilities made available to UK rolling stock company, Porterbrook. Ashurst has a longstanding history advising on Porterbrook's loan facilities, having acted for the lenders on the original facilities in 2008 and on subsequent refinancings since that date.