Ellevio issued approx. SEK 3.3 billion, USD 941 million and EUR 50 million U.S. private placement notes. The issue constituted the largest private placement ever in the U.S. made by a European company.

The issue of private placement notes forms part of a larger refinancing transaction whereby Ellevio has set up a common debt platform through which it can raise debt through, amongst other things, bank facilities, private placements and public bonds, for the purpose of refinancing certain existing financial indebtedness and for general corporate purposes.

Darrois Villey Maillot Brochier advised Vivendi on a 600 million euros bond issuance bearing interest at an annual rate of 1.125% and maturing in 2023.

The notes are admitted to trading on the regulated market of Euronext Paris.

The placement was made to institutional investors on 22 November 2016 through a bank syndicate composed of Citigroup, Société Générale Corporate & Investment Banking, Crédit Industriel et Commercial S.A., Mizuho Securities and The Royal Bank of Scotland.

We advised Sp Mortgage Bank Plc in the establishment of a EUR 3,000,000,000 mortgage covered bond programme. Under the programme, Sp Mortgage Bank Plc may issue covered bonds that may be listed on the regulated market.

Sp Mortgage Bank Plc issued on 29 November 2016 an inaugural 5-year EUR 500 million covered bonds due 2021. The issuance was documented under the newly established programme and listed on the Irish Stock Exchange. Credit rating agency S&P assigned 'AAA' ratings to Sp Mortgage Bank Plc's mortgage covered bond programme and inaugural issuance.

Shearman & Sterling advised the initial purchasers, J.P. Morgan, BNP Paribas, Credit Suisse, Deutsche Bank and Oddo, in connection with Autodis S.A.’s offering of its €260 million 4.375% senior secured fixed rate notes due 2022 and €260 million senior secured floating rate notes due 2022. The proceeds from the offering were used to redeem the entire aggregate principal amount of the €270 million 6.500% senior secured notes due 2019 issued by Autodis S.A.

Ashurst advised Studio City Company Limited in its offering of US$1.2 billion of senior secured notes, comprising US$350 million of 5.875% senior secured notes due 2019 and US$850 million of 7.250% senior secured notes due 2021.   Studio City Company Limited is a subsidiary of Studio City International Holdings Limited, which 60% is held indirectly by Melco Crown Entertainment Limited.  Studio City, the Hollywood-inspired, cinematically-themed resort in Macau, intends to use the net proceeds from the offering, together with cash on hand, to fund the repayment of its existing

SZA Schilling, Zutt & Anschütz advised Südzucker on the issuance of a corporate bond. The volume of the unsubordinated bond issued by Südzucker International Finance B.V. and guaranteed by Südzucker AG amounts to EUR 300 million. The bond has a term of seven years and a coupon of 1.25 percent.

The banking syndicate for the issuance consisted of BayernLB, Deutsche Bank, DZ BANK AG, Helaba and Landesbank Baden-Württemberg.

Dentons advised Banca Popolare di Milano, Intesa SanPaolo and Banca IMI on the €40 million refinancing of Linkem. The new credit line will help finance Linkem’s ongoing future development, in line with the company’s strong performance to date.

Dentons Banking and Finance team in Milan advised the three banks on the deal. The team was led by Partner Alessandro Fosco Fagotto, and included Senior Associate Edoardo Galeotti and Trainee Rosalba Pizzicato.

Davis Polk advised the underwriter in connection with an SEC-registered Schedule B debt offering by KEXIM of $200 million aggregate principal amount of its floating-rate notes due 2018.

KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.

The City of Paris updated its debt securities issue program “Euro Medium Term Notes” for a maximum amount of 5 billion euros in early November 2016. This move is part of the active management of the City of Paris debt aimed at diversifying its funding sources.

The City of Paris was supported by HSBC France as an Arranger and Barclays Bank, BNP Paribas, Citigroup, Crédit Agricole CIB and Natixis as Dealers.

Linklaters is pleased to have advised the National Bank of Canada on the issuance of its inaugural panda bond.

The three year bonds were priced at RMB3.5 billion at 3.05 per cent.

“The transaction delivers a strong outcome for the client and is a first for the National Bank of Canada,” said capital markets partner Hwang Hwa Sim.

Mr Sim said the deal represents the first panda bond from a North American issuer, and is extremely significant for the future development of the panda bond market.