Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. of A$1 billion aggregate principal amount of its senior notes in two tranches (floating rate and fixed rate) due 2022. SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.

Sidley advised a wholly owned subsidiary of Petra Diamonds Limited on its issuance of US$650 million Senior Secured Second Lien Notes 2022, the proceeds of which were used to redeem its existing US$300 million Senior Secured Second Lien Notes due 2020, to repay various credit facilities and for general corporate purposes.

Shearman & Sterling advised Motor Oil (Hellas) Corinth Refineries S.A. on its high yield bond offering of €350 million 3.125% senior notes due 2022 issued by Motor Oil's direct subsidiary, Motor Oil Finance plc. This is Motor Oil Hellas' second such offering after the company's successful €350 million inaugural high yield notes offering in 2014. The coupon is believed to be among the lowest for a Greek credit in recent years. The proceeds of the offering have been used to refinance the company's existing notes issued in 2014.

The Moscow and London offices of Debevoise & Plimpton LLP have advised longstanding client PJSC “MMC “Norilsk Nickel” (“Nornickel”) in its $1 billion Eurobond offering due 2023 with a coupon of 4.10% per annum.

The proceeds from the issue will be used for general corporate purposes and capital investments.

Davis Polk advised Banco Santander S.A. in connection with its SEC-registered offering of $1 billion aggregate principal amount of 3.500% second-ranking senior notes due 2022, $1 billion aggregate principal amount of 4.250% second-ranking senior notes due 2027 and $500 million aggregate principal amount of floating-rate second-ranking senior notes due 2022.

Slaughter and May advised Santander UK Group Holdings plc on its issue of £500 million Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities.

The principal amount of the Securities will automatically be written down to zero if at any time Santander UK Group Holdings plc’s Common Equity Tier 1 ratio, calculated on a consolidated basis, is less than 7%. The Securities are admitted to trading on the Main Market of the London Stock Exchange.

The team was led by Daniel Reichert-Facilides and Alex Carver.

Simmons & Simmons has advised BNP Paribas, Credit Suisse, Deutsche Bank and UBS as joint lead managers and Raiffeisen Switzerland as co-lead manager on an issuance of €500m Notes due 2047 by ELM B.V. which are secured over €500m Dated Subordinated Notes due 2047 of Helvetia Schweizerische Versicherungsgesellschaft AG, which are guaranteed on a subordinated basis by Helvetia Holding AG.

International law firm BLP has advised Bank11 für Privatkunden und Handel GmbH (“Bank11”) on the securitisation of auto loans of Bank11, RevoCar 2017 UG (haftungsbeschränkt). The transaction totalling approximately €450m was arranged by UniCredit Bank AG.

Gernandt & Danielsson advises in NP3 Fastigheter's issue of corporate bonds with a value of SEK 350 million

NP3 Fastigheter AB (publ) is a real estate company focusing on the northern parts of Sweden and with a property value of approx. SEK 6.2 billion. NP3 Fastigheter is listed on Nasdaq Stockholm.