Shearman & Sterling represented Nokia in connection with the update of its €5 billion Euro Medium Term Note Programme, the drawdown of €1.25 billion in senior notes and Nokia’s tender offer for cash for existing debt.
Shearman & Sterling represented Nokia in connection with the update of its €5 billion Euro Medium Term Note Programme, the drawdown of €1.25 billion in senior notes and Nokia’s tender offer for cash for existing debt.
Linklaters has advised Turkey’s Turkiye Sinai Kalkinma Bankasi (TSKB) on its issue of the world’s first sustainable tier two bond. The $300 million Fixed Rate Resettable Tier 2 Sustainable Notes will be due in 2027, with a first call date in 2022 and a coupon of 7.625%. The proceeds will be used to finance and/or refinance projects satisfying defined criteria relating to climate change mitigation and sustainable infrastructure, among others.
Watson, Farley & Williams (“WFW”) has advised a syndicate of banks including Macquarie Bank Ltd (“Macquarie Bank”), Deka Bank Deutsche Girozentrale and export credit agencies The Export Import Bank of Korea (KEXIM) and Norway’s GIEK (Garanti-Instituttet for Eksportkreditt) as lenders and export credit support providers on a multiple tranche US$172m loan facility to Scorpio Tankers Inc. (“Scorpio Tankers”).
Salt group, one of the leading mobile operators in Switzerland, issued (i) EUR 525 million aggregate principal amount of Floating Rate Senior Secured Notes due 2023, and (ii) EUR 117 million aggregate principal amount of 4.875% Senior Notes due 2023, through two financing affiliates. The transaction included the consent solicitation for certain amendments to the existing indentures and a tender offer to purchase and solicitation of its outstanding floating rate senior secured notes due 2022.
NautaDutilh successfully assisted Helios Towers Africa (HTA) with its debut USD 600 million 9.125% high yield bonds offering, listed on the Irish Stock Exchange.
Bank of America Merrill Lynch and Standard Bank acted as initial purchasers, coordinators and bookrunners. Standard Chartered acted as initial purchasers and lead arranger.
Advised Prime Focus World, a provider of creative and technology services to international film studios, in connection with an secured refinancing arranged by BNP Paribas Fortis and a new mezzanine facility provided by ING Bank.
Houthoff Buruma team included: Helena Sprenger
Gide advised the dealers in connection with the establishment by Vivendi of an EMTN Programme of EUR 3 billion.
This Programme was registered with the French Autorité des Marchés Financiers on 22 March 2017.
Gide’s team was led by Hubert du Vignaux (partner) assisted by Laurent Vincent (counsel), Aude-Laurène Dourdain and Juliette Pierre (associates).
Vivendi was advised by Darrois Villey Maillot Brochier.
Slaughter and May advised Legal & General Group Plc on its issuance of US$850 million Fixed Rate Reset Subordinated Notes due 2047 pursuant to its £4 billion Euro Note Programme. The Notes bear interest at the rate of 5.25 per cent. per annum until 21 March 2027. On such date and thereafter on each reset date, the interest rate shall be reset by reference to a reference bond rate.
Barclays Bank, BNP Paribas, Citigroup Global Markets, HSBC, Merrill Lynch International and Morgan Stanley acted as joint lead managers.
Contacts
Allen & Overy LLP has advised a banking consortium comprising Joh. Berenberg, Gossler & Co. KG, Commerzbank Aktiengesellschaft and UniCredit Bank AG as Joint Lead Managers in connection with the successful issue of a EUR 250 million debut bond by Sixt Leasing SE. The issue met with high demand from investors both in Germany and abroad and was oversubscribed several times.
The bond has a four-year term and carries interest at 1.125% p.a.