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Banking & Finance - Capital Markets: Debt

White & Case Advises Citibank and Arab National Bank on US$814 Million ACWA Power Management and Investments One Bond

18 May 2017

Global law firm White & Case LLP has advised Citibank as Bond Trustee, Paying Agent, Registrar, Offshore Security Agent and Coordination Agent on the issuance of a US$814 million bond with a 22 year maturity by ACWA Power Management and Investments One Limited, a wholly-owned subsidiary of ACWA Power.

The Firm also advised Arab National Bank in its capacity as Onshore Security Agent, holding security in the Kingdom of Saudi Arabia.

White & Case Advises Kaufman & Broad on Its Inaugural 'Euro PP' Bond Issue

18 May 2017

Global law firm White & Case LLP has advised Kaufman & Broad on its inaugural €150 million 'Euro PP' bond issuance.

The bond issuance comprises two tranches; €50 million at seven years with bonds maturing in May 2024, and €100 million at eight years with bonds maturing in May 2025. It is the most significant Euro PP bond issuance in 2017 to date.

Milbank Advises Banking Consortium on Refinancing of Hofmann Menu Group

18 May 2017

Frankfurt, May 18, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised an international banking consortium led by Bank of Ireland, NIBC and UniCredit as mandated lead arrangers on the refinancing of the Hofmann Menu Group. The deal volume amounts to over EUR 200 million. The financing documentation is structured as a "Term Loan B" financing under English law.

Davis Polk Advises Nederlandse Waterschapsbank Bank N.V. on Its €60 Billion Debt Issuance Program Update

18 May 2017

Davis Polk advised Nederlandse Waterschapsbank Bank N.V. in connection with the annual update of its €60 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised NWB Bank in connection with senior notes issuances totaling $5.65 billion.

WOLF THEISS ADVISES WIENER STÄDTISCHE VERSICHERUNG

18 May 2017

Vienna, 18 May 2017 – Erste Group and Wiener Städtische Insurance have once again placed their trust in Wolf Theiss for advice in the issuance of a €250m tier 2 subordinated bond from Wiener Städtische.

Wolf Theiss advised Wiener Städtische Versicherung AG (Vienna Insurance Group) as issuer and Erste Group Bank AG as arranger and sole lead manager as well as bookrunner in the establishment of an issuance programme and the issuance of the EUR 250,000,000 3.5% second-tier bond, which will run from 2017 to 2027.

Gernandt & Danielsson advises in Qliro Group AB (publ)’s bond issue

18 May 2017

Gernandt & Danielsson advises in Qliro Group AB (publ)'s issue of corporate bonds amounting to SEK 250,000,000. The bonds are issued within a framework amount of SEK 500,000,000. The company has undertaken to list the bonds on Nasdaq Stockholm. The bond proceeds will be used for general corporate purposes, primarily within the segment Qliro Financial Services.

Qliro Group is a leading e-commerce group in the Nordic region and Qliro Group AB (publ)'s shares are listed on Nasdaq Stockholm's Mid-cap list.

Davis Polk Advises The Royal Bank of Scotland Group plc on Its $3 Billion Notes Offering

18 May 2017

Davis Polk advised The Royal Bank of Scotland Group plc, a public limited company incorporated under the laws of Scotland, in connection with its SEC-registered shelf takedown of $1.5 billion aggregate principal amount of 3.498% fixed-rate/floating-rate senior notes due 2023 and $1.5 billion aggregate principal amount of floating-rate senior notes due 2023.

Slaughter and May advised Drax on its refinancing

17 May 2017

Slaughter and May advised Drax Group plc (“Drax”) on its refinancing which involved an issue by Drax’s indirect wholly owned subsidiary, Drax Finco plc, of £550 million senior secured notes and an amendment and restatement of its senior facilities agreement.

The notes consist of £350 million 4¼% Senior Secured Notes due 2022 and £200 million Senior Secured Floating Rate Notes due 2022. The notes are to be admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.

Ashurst advises NAB as Arranger on the first Conditional Pass-Through Covered Bond programme by an Australian bank

17 May 2017

Ashurst has advised National Australia Bank Limited (NAB) as an Arranger on the first Conditional Pass-Through Covered Bond programme by an Australian bank.

The A$3.25 billion programme was established by Bank of Queensland Limited, one of Australia's largest regional banks. The Covered Bonds under the programme have been assigned provisional ratings of 'AAA' from Fitch and 'Aaa' from Moody's.

Egorov Puginsky Afanasiev & Partners represented the ad hoc committee of bondholders in the financial reorganization of Roust Corporation

16 May 2017

Egorov Puginsky Afanasiev & Partners represented the ad hoc committee of bondholders with regard to Russian law matters in the international restructuring of indebtedness of Roust Corporation, one of the world’s leading vodka producers.