Hong Kong listed company, China Evergrande Group (stock code: 3333), advised by King & Wood Mallesons, successfully issued 3-year and 5-year USD-denominated bonds, raising a total of US$1.5 billion.
Slaughter and May advised Paratus AMC Limited as originator in relation to the establishment of the Stanlington No.1. PLC securitisation. The transaction involved the issuance by Stanlington of £227,600,000 Asset Backed Notes in Classes A to E, X and Z (the Notes) and Residual Certificates, which are backed by receipts from a portfolio of UK residential mortgage loans.
Clifford Chance has represented KASIKORNBANK, Krung Thai Bank and CIMB Thai, acting as the lead arrangers in respect of a Thai Baht denominated bond issue in Thailand by The Government Savings Bank.
This is the first time The Government Savings Bank has opted for a Thai Baht bond issuance under the SEC regime as its fund raising platform, in addition to the issuance of the bonds under its own constitutional law.
Clifford Chance has advised Siemens on a USD 7.5 billion bond issue primarily placed with institutional investors in the United States in accordance with Rule 144A of the Securities Act of 1933. The bond was issued by Siemens Financieringsmaatschappij N.V. and is guaranteed by Siemens AG.
White & Case LLP has advised SPIE on its €600 million bond issuance to finance the acquisition of SAG, a German leader in energy infrastructure services.
The issue is guaranteed by the group's main subsidiaries, with the bonds maturing in seven years and bearing interest at 3.125 percent. The net proceeds of the transaction will be used to finance the acquisition of SAG, which was announced by SPIE on December 23, 2016, to refinance SAG's existing indebtedness and to finance SPIE's general corporate purposes. The transaction was several times oversubscribed.
Simpson Thacher represents the initial purchasers, led by Goldman Sachs, in connection with a Rule 144A and Regulation S offering by Salt of (i) €525 million aggregate principal amount of Floating Rate Senior Secured Notes due 2023, and (ii) €117 million aggregate principal amount of 4.875% Senior Notes due 2023, issued by two finance affiliates of Salt. Salt is one of the leading mobile operators in Switzerland.
Global law firm White & Case LLP has advised Cassa di Risparmio di Asti S.p.A. and Cassa di Risparmio di Biella e Vercelli – Biverbanca S.p.A., as originator and underwriter, and UniCredit Bank AG, as arranger, on a multi-originator revolving securitisation of fondiari mortgage loans, ipotecari mortgage loans and unsecured loans issued by Cassa di Risparmio di Asti and Cassa di Risparmio di Biella e Vercelli – Biverbanca to Italian SMEs, for a total value of around €1.2 billion.
Davis Polk advised Telefónica, S.A. and Telefónica Emisiones, S.A.U. on the SEC-registered $3.5 billion aggregate principal amount off-the-shelf notes offering by Telefónica Emisiones, S.A.U., fully guaranteed by Telefónica, S.A. The offering consisted of two series of notes: $1.5 billion principal amount of fixed-rate senior notes due 2027 and $2 billion principal amount of fixed-rate senior notes due 2047.
Gernandt & Danielsson advises in Corem Property Group’s issue of corporate bonds in the initial amount of SEK 500 million. The bonds are issued within the framework amount of MSEK 1,000. The company has undertaken to list the bonds on Nasdaq Stockholm. The proceeds from the bond issue will according to the terms and conditions of the bond be used for general corporate purposes including acquisitions and refinancing of outstanding bond debt.
Corem Property Group is a property company that manages, improves and develops warehouse, logistics and retail properties.
Allen & Overy advises Deutsche Bank and BNP Paribas on the refinancing and recapitalisation of PAREX by CVC.
The Allen & Overy team was led in Paris by Jean-Christophe David (Partner), assisted by Géraldine Lezmi and Arnaud Terren (Associates).
The sponsor CVC was advised by Weil Gotshal & Manges, (James Clarke (Partner – Financing) and Yaëlle Cohen (Associate – Financing).