Resource

 

 

 

 

 

 

 

 

 

 

 

Banking & Finance - Capital Markets: Debt

Gernandt & Danielsson advises in Klövern’s early redemption of bond loan no 3, 2012/2017 and in Klövern’s issue of new corporate bonds

28 Oct 2016

Gernandt & Danielsson advises in Klövern's early redemption of bond loan 3, 2012/2017 and in Klövern's issuance of new corporate bonds in an amount of SEK 1 500 million. The proceeds will be used for general corporate purposes, including acquisitions and refinancing, which includes refinancing of Klövern's bond loan 3, 2012/2017. The Company has undertaken to list the corporate bonds on Nasdaq Stockholm.

The Export-Import Bank of Korea $2.5 Billion Notes Offering

28 Oct 2016

Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $750 million aggregate principal amount of its floating-rate notes due 2019, $750 million aggregate principal amount of its 1.500% notes due 2019, $300 million aggregate principal amount of its 1.875% notes due 2021 and $700 million aggregate principal amount of its 2.375% notes due 2027.

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

Davis Polk Advises Sumitomo Mitsui Financial Group, Inc. on Its $3.5 Billion SEC-Registered Notes Offering

28 Oct 2016

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. (SMFG) on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.5 billion aggregate principal amount of 2.442% senior notes due 2021, $1.5 billion aggregate principal amount of 3.010% senior notes due 2026 and $500 million aggregate principal amount of floating-rate senior notes due 2021. The notes are structured to count as total loss-absorbing capacity (TLAC) when TLAC regulations are implemented in Japan.

Davis Polk Advises Sumitomo Mitsui Banking Corporation on Its $1 Billion Notes Offering

28 Oct 2016

Davis Polk advised Sumitomo Mitsui Banking Corporation (SMBC) in connection with a global medium-term note program update and a benchmark takedown, which consisted of $500 million aggregate principal amount of 1.762% senior notes due 2018 and $500 million aggregate principal amount of senior floating-rate notes due 2018, each guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

Goldman Sachs and Deutsche Bank Lead on $815 Million Suddenlink TLB Refinancing

27 Oct 2016

London – Paul Hastings LLP, a leading global law firm, announced today that it has advised Goldman Sachs and Deutsche Bank as lead arrangers and bookrunners on the $815 million term loan B refinancing of Suddenlink’s existing term loan facilities. Suddenlink is the 7th largest US cable operator with approximately 1.5 million subscribers.

Slaughter and May advised JRP Group plc on its issue of £250 million Guaranteed Subordinated Notes

27 Oct 2016

Slaughter and May advised JRP Group plc on its issuance of £250 million Guaranteed Subordinated Notes due 2026. The Notes bear interest at the rate of 9 per cent. per annum and are issued with the benefit of a subordinated guarantee from Just Retirement Limited, the principal operating company in the JRP Group. The Notes are listed on the EuroMTF Market of the Luxembourg Stock Exchange.

Barclays Bank, Deutsche Bank and The Royal Bank of Scotland acted as joint lead managers.
Contacts

Homburger advised Julius Baer Group Ltd. in the issuance of SGD 325m perpetual tier 1 subordinated bonds

27 Oct 2016

Deutsche Bank AG, Citigroup Global Markets Limited, DBS Bank Ltd. and Bank Julius Baer & Co. Ltd. acted as managers. The bonds have been listed on the Singapore Exchange.

Homburger acted as counsel to Julius Baer Group Ltd. The Homburger team consisted of René Bösch, (Partner, Financial Services), Dieter Grünblatt (Partner, Tax), Eduard De Zordi and Lee Saladino (Counsels, Financial Services) and Bettina Oertle (Paralegal, Financial Services).