Clifford Chance advised Volkswagen on a bond issue in the total volume of EUR 8 billion. The bond was issued by Volkswagen International Finance N.V. and is guaranteed by Volkswagen Aktiengesellschaft.

The bond is divided in four tranches: one tranch bears floating rate interest and has a two-year term with a volume of EUR 2.5 billion. The other three tranches have fixed interest rates of 0.500 %, 1.125 % and 1.875 % with terms of four, six and a half and ten years and volumes of EUR 1.5 billion (twice) and EUR 2.5 billion (once).

Slaughter and May advised RSA Insurance Group plc on its issue of SEK 2,500,000,000 and DKK 650,000,000 Floating Rate Perpetual Restricted Tier 1 Contingent Convertible Notes. The issuance is the first public Solvency II compliant Restricted Tier 1 issuance by a UK insurer.  The Notes are convertible into ordinary shares of RSA Insurance Group plc upon the occurrence of certain conversion trigger events. The Notes are listed on the Global Exchange Market of the Irish Stock Exchange.

Mondelez International, Inc. announced the issuance of CHF 350 m FATCA-compliant Bonds.

Credit Suisse AG acted as joint-lead manager together with Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch. The bonds will be listed on the SIX Swiss Exchange.

Homburger acted as counsel to Credit Suisse AG. The Homburger team consisted of partners Rene Bosch (Financial Services), Stefan Oesterhelt (Tax) and counsel Eduard De Zordi (Financial Services).

Temenos Group AG issued CHF 150 m Bonds. Credit Suisse AG acted as lead manager together with BZ Bank Aktiengesellschaft. The bonds will be listed on the SIX Swiss Exchange.

Homburger acted as counsel to Temenos Group AG. The Homburger team consisted of partners Dieter Gericke (Corporate | M&A), Stefan Oesterhelt (Tax) and counsel Eduard De Zordi (Financial Services).

LONDON, 3 April 2017 – Milbank, Tweed, Hadley & McCloy LLP represented J.P. Morgan Securities plc, Goldman Sachs International, HSBC Bank plc, DNC Markets, a division of DNB Bank ASA, ABN AMRO Bank N.V., Lloyds Bank plc, Morgan Stanley & Co. International plc, and The Royal Bank of Scotland plc (trading as NatWest Markets) as initial purchasers on the €400 million senior secured floating rate notes due 2025 issued by Arrow Global Finance plc.

Baker McKenzie acted as legal counsel to Metinvest B.V., a holding company of a leading Ukrainian and international steel producer and exporter, in connection with the restructuring of USD 2.3 billion of debt under its notes and pre-export finance (PXF) loan facilities. Baker McKenzie assisted Metinvest B.V on this complex transaction alongside with Allen & Overy.

Clifford Chance advised Latitude Financial Services, a leading consumer finance business in Australia and New Zealand, on the establishment of the first master trust securitisation transaction in Australia for its credit card business. The deal utilises a master trust structure like those used in the UK and US, which enables efficient future issuances for this asset class, the first time such a structure has been utilised by an Australian securitisation issuer. The assets backing the securitisation notes of approximately AU$1 billion are credit-card receivables.

Shearman & Sterling advised the initial purchasers, led by Barclays, Citigroup, Credit Suisse and J.P. Morgan in connection with Heineken’s offering of $1.1 billion 3.500% senior notes due 2028 and of $650 million 4.350% senior notes due 2047. This was Heineken’s first Rule 144A / Regulation S offering since 2012 and will be used to fund general corporate purposes, which may include repayment of indebtedness and/or acquisitions.

On January 30, 2017, Credit Suisse Group AG issued USD 1,500,000,000 aggregate principal amount of 7.125 per cent. Perpetual Tier 1 Contingent Convertible Capital Notes (the Contingent Convertible Notes), followed by the issuance of CHF 200,000,000 3.875 per cent. Perpetual Tier 1 Contingent Write-down Capital Notes (the Write-down Notes) on March 20, 2017. Both the Contingent Convertible Notes and the Write-down Notes are "high trigger" regulatory capital instruments that are eligible to fulfill Credit Suisse Group AG's Swiss going concern requirements.

King & Wood Mallesons (KWM) is advising Suncorp Group Limited (Suncorp) on its new Capital Notes Offer, for AU$300 million with the ability to raise more or less.

The Suncorp Capital Notes are being issued under a trust deed, in order to raise Eligible Additional Tier 1 Capital which will be used to fund the capital needs of one or more regulated entities within the Suncorp Group.