Vinge has advised Skandinaviska Enskilda Banken AB (publ) (“SEB”) as to Swedish law in connection with the bank’s issue of Additional Tier 1 Capital in the amount of MUSD 600 in the form of a debt instrument with no final maturity and with automatically conversion into Class A-shares if the CET1 ratio of the bank decreases to a certain level. The instrument is listed on the Global Exchange Market regulated by the Irish Stock Exchange.

Roche Kapitalmarkt AG issued CHF 1,500,000,000 Bonds guaranteed by Roche Holding Ltd.

UBS AG acted as lead manager together with BNP Paribas (Suisse SA) and Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch. The bonds will be listed on the SIX Swiss Exchange.

The transaction consisted of a CHF 400 m 18-month tranche, a CHF 750 m 7.5y tranche and a CHF 350 m 12y tranche.

Dentons has advised Kuwait's Warba Bank on its issuance of US$250 million Perpetual Tier 1 Capital Certificates, which completed on 14 March 2017. The transaction represents the bank's inaugural sukuk issuance in the debt capital markets (including its first regulatory capital instrument).

The Capital Certificates were listed on the Irish Stock Exchange and NASDAQ Dubai and were offered to sophisticated investors outside of the United States in reliance on Regulation S under the US Securities Act 1933.

Allen & Overy advised the RAG Foundation on the issue of a EUR 500 million convertible bond linked to Evonik shares due on 16 March 2023.

The RAG Foundation already placed a convertible bond with an aggregate principal amount of EUR 500 million in February 2015 and of EUR 600 million in June 2014. RAG-Stiftung was also advised by Allen & Overy in regard to these transactions.

Shearman & Sterling represented Jaguar Land Rover in connection with the solicitation of consents from holders of its $500 million, 5.625% notes due 2023; $700 million, 4.125% notes due 2018; and £400 million, 5.000% notes due 2022 to certain key amendments to the indentures governing those notes.

Debevoise & Plimpton LLP has advised Rexel in the placement of €300 million of 2.625% senior notes due 2024.

The notes, callable at Rexel’s discretion from March 2020, will rank pari passu with Rexel’s senior credit facility and other senior unsecured notes. They are being offered exclusively to investors outside the United States and will be listed on the Luxembourg Stock Exchange.

10 March 2017, GOME Electrical Appliances Holding Limited (GOME) completed its issuance of US$400 million 5.00% overseas corporate bonds due in 3 years. King & Wood Mallesons (KWM) acted as the PRC counsel for Barclays, the underwriter in the issuance. After the issuance, the bonds will be listed on the Singapore Exchange.

Ashurst has advised Bain Capital Credit, L.P. (Bain) in relation to the exercise of warrants in Imdex Limited (Imdex) and immediate sale of the shares acquired on exercise, equal to in aggregate 10.08% of Imdex, through a block trade agreement with Euroz Securities Limited (Euroz).

Herbert Smith Freehills has advised Westpac, AustralianSuper and IFM Investors on a A$150 million long-term debt raising for Visy Industries.

The transaction sees Westpac arrange the lending of money by the super funds to Visy over 10 years, where it will be used to refinance existing senior debt.

The transaction comes as liquidity from institutional lenders increases, according to the Asia Pacific Loan Market Association.

Dubai—Dentons has advised Bank of Sharjah on the establishment of its US$1 billion Euro Medium Term Note (EMTN) programme and its inaugural issuance of US$500 million 4.23% notes due 2022 thereunder, which completed on 7 March 2017. The programme and the notes are listed on the Irish Stock Exchange and have been assigned a long-term senior unsecured rating of BBB+ by Fitch. The notes were offered to sophisticated investors outside of the United States in reliance on Regulation S under the US Securities Act 1933.