The London office of Debevoise & Plimpton LLP has advised B&M in its £250 million offering of senior secured notes due 2022 with a coupon of 4.125% per annum.

Watson Farley & Williams’ Hamburg office (“WFW”) has advised Joh. Berenberg, Gossler & Co. KG (“Berenberg”) on the transfer of a portfolio of European shipping loans worth approximately US$300m from The Royal Bank of Scotland Plc.

Berenberg transferred the portfolio on to Luxembourg fund Berenberg Alternative Assets Fund (“the Fund”), which it set up and to which it acts as sole advisor. Fully compliant with all regulatory requirements for institutional investors, the Fund primarily focusses on performing loans.

Davis Polk advised the initial purchaser in connection with a $300 million Regulation S offering by China Water Affairs Group Limited of its 5.25% senior notes due 2022.

China Water Affairs Group Limited is the largest publicly-listed water supply companies in China based on volume of water sold for the fiscal years 2015 and 2016. It focuses on the water supply business. China Water Affairs Group Limited is listed on the Hong Kong Stock Exchange.

White & Case LLP has advised the Polish Ministry of Finance on the €750 million issuance of Green Bonds with a profitability of 0.634 percent and an annual return of 0.5 percent.

It is the first ever issuance of Green Bonds by a government issuer. The five-year euro-denominated bonds have a maturity date of December 20, 2021 and were issued on December 20, 2016 in line with the programme for the issuance of euro medium term notes. The issuance was arranged by HSBC, J.P. Morgan and PKO BP.

White & Case LLP has advised Banca IMI, Citibank and Deutsche Bank, as arrangers and senior notes underwriters, and Citibank as hedging provider, on the refinancing of two portfolios of performing financial leasing and a variety of corporate loans originated by GE Capital Interbanca Group in relation to its acquisition by Banca IFIS S.p.A.

Transports publics fribourgeois Trafic (TPF TRAFIC) SA closed the financing of its maintenance and exploitation centre in the canton of Fribourg. The financing was partly made through a CHF 40 mio. private placement, a CHF 32 mio. secured bank loan and a CHF 55 mio. unsecured bank loan.

Walder Wyss advised TPF on the financing. The Walder Wyss team was led by Alexandre Both (Counsel, Banking & Finance) and included Nicolas Iynedjian (Partner, Lausanne), Thomas Meister (Partner, Tax) and Robert Desax (Managing Associate, Tax).

Brenntag AG ("Brenntag") has refinanced its existing EUR 1.7 bn syndicated loan with improved conditions and credit documentation.

Bank of America Merrill Lynch, BNP Paribas S.A. Niederlasung Deutschland, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, HSBC Trinkaus & Burkhardt AG, ING Bank, a branch of ING-DiBa AG, Landesbank Hessen-Thüringen Girozentrale, Mizuho Bank, Ltd., MUFG (Mitsubishi UFJ Financial Group) and UniCredit Bank AG acted as bookrunners.

Shearman & Sterling advised Silversea Cruise Holding Ltd. (“Silversea Cruises”) on the offering of $550 million aggregate principal amount of 7.250% senior secured notes due 2025 by its wholly owned subsidiary Silversea Cruise Finance Ltd. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on January 30, 2017.

Shearman & Sterling represented Ardagh Packaging Finance plc and Ardagh Holdings USA Inc., as co-issuers, both subsidiaries of Ardagh Packaging Holdings Limited (Ardagh), in connection with the offering of their $1 billion 6.000% senior notes.

The Moscow and London offices of Debevoise & Plimpton LLP have advised longstanding client Polyus Gold International Limited (“Polyus Gold”) in its $800 million Eurobond offering due 2023 with a coupon of 5.25% per annum.

The Notes were offered inside the United States to qualified institutional buyers under Rule 144A and outside the United States to buyers under Regulation S.

The issue is the largest non-investment grade bond issuance in Russia since 2013.