Slaughter and May, Hong Kong, advised Swire Pacific Limited on the issue by its wholly-owned subsidiary, Swire Pacific MTN Financing Limited, of US$300 million 3.00% Guaranteed Notes due 2024. The Notes were issued under Swire Pacific's US$5 billion Medium Term Note Programme. The Notes are guaranteed by Swire Pacific Limited and are listed on the Hong Kong Stock Exchange.

HSBC and Morgan Stanley acted as the Joint Lead Managers and Bookrunners.

Contacts

Capital Markets: Lisa Chung (partner), Adrienne Yeung (associate), Suet Wa Wong (trainee)

Shearman & Sterling advised Nokia Corporation and Alcatel-Lucent USA Inc. in connection with Nokia’s $1 billion senior notes offering, Nokia’s tender offers for up to $1.5 billion for existing debt and Alcatel-Lucent’s consent solicitation for certain amendments to its existing indenture.

On June 12, 2017, Nokia closed its offering of $500 million 3.375% senior notes due 2022 and $500 million 4.375% senior notes due 2027, each issued under its shelf registration statement filed with the U.S. Securities and Exchange Commission on May 30, 2017.

Shearman & Sterling advised Nokia Corporation and Alcatel-Lucent USA Inc. in connection with Nokia’s $1 billion senior notes offering, Nokia’s tender offers for up to $1.5 billion for existing debt and Alcatel-Lucent’s consent solicitation for certain amendments to its existing indenture.

On June 12, 2017, Nokia closed its offering of $500 million 3.375% senior notes due 2022 and $500 million 4.375% senior notes due 2027, each issued under its shelf registration statement filed with the U.S. Securities and Exchange Commission on May 30, 2017.

Slaughter and May, London and Hong Kong, advised Standard Chartered on the update of its US$77.5 billion debt issuance programme, under which Standard Chartered PLC and Standard Chartered Bank have the ability to issue notes to be listed and traded on the London and Hong Kong Stock Exchanges.

Contacts

London

Finance Partner Danny Peel, supported by Finance Senior Associate Jamie Parish and finance associate Taggio Price, advised Safestore and its French business Une Pièce En Plus on its £408 million refinancing, which was financed through a mixture of (i) amending and extending its bank facilities of £190 million and €70 million and (ii) prepaying and replacing its existing US private placement notes with a new US private placement of notes of €125 million and £50.5 million. The new notes were issued to insurance company affiliates of AIG, Inc.

Vienna, 5 July 2017 – Today, RBI closed an issuance of €650,000,000 6.125% AT1. Wolf Theiss and Linklaters advised RBI in this issuance, which was met with great interest by investors from Great Britain, continental Europe and Asia.

RBI was able to place additional core capital (AT1) with no maturity date at a volume of EUR 650 million with the support of an international bank consortium. Within a few hours, the issuance was oversubscribed three times. The coupon was set at 6.125% p.a. and will mature in December 2022, after which it will be renewed.

Slaughter and May advised NewDay Cards Ltd (NewDay Cards) and its affiliates in relation to a public debt issue under its own-brand credit card securitisation.

The transaction involved the issuance, through a master trust structure, of £244.25 million of Series 2017-1 Floating Rate Asset Backed Notes (the Series 2017-1 Notes) by NewDay Funding 2017-1 Plc.

The Series 2017-1 Notes are ultimately backed by income from a portfolio of credit card receivables beneficially owned by NewDay Funding Receivables Trustee Ltd (the Receivables Trustee).

The Firm recently represented Citi in connection with the US$207 million offering of global depositary shares by General Interface Solution (GIS) Holding Limited (“GIS”). The offering was led by Citi as sole global coordinator and sole bookrunner. GIS is a leading touch solution provider with manufacturing facilities in China, and its shares are listed on the Taiwan Stock Exchange. The global depositary shares are listed on the Luxembourg Stock Exchange.

Shearman & Sterling advised Hong Kong-listed Chinasoft International Limited on its issuance of HK$900 million 3.0% convertible notes due 2022 to Dan Capital, a major investment fund.

Chinasoft International is a large-scale integrated software and information technology company in China. It is a provider of end-to-end software and information services. Its businesses cover various industries such as government, manufacturing, finance, telecommunications, high technologies, public utilities and energy.

Macfarlanes has advised Legal & General (L&G) on two recent financings.

* a £24.5m seven-year bilateral loan to Citygrove to refinance three office buildings in Cirencester and Newbury (each let to wealth manager St James' Place) and a David Lloyd leisure centre in Luton; and
* a £25m 18-year bilateral loan to refinance Goodricke College, a student accommodation building owned jointly by the University of York and Evans Property Group.