Shearman & Sterling advised Jerrold Holdings Limited (“Jerrold” or “Together”) on the offering by its wholly owned subsidiary, Jerrold FinCo plc (the “Issuer”) of its £375 million aggregate principal amount of 6.250% senior secured notes. The notes are due 2021 under an indenture dated October 13, 2016 and are guaranteed by Jerrold and all of its subsidiaries other than the Issuer and certain dormant and non-material subsidiaries.

The Freshfields team advising on the transaction was led by finance partner Andrew Heathcote and corporate partner David Ludwick

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Shui On Group (‘Shui On’) on the issue and offering of US$250m 4.375% senior guaranteed notes due 2019. Freshfields acted at US and Hong Kong legal counsel for the issuer, Shui On Development (Holding) Limited and the guarantor, Shui On Land Limited.

The notes were issued on 11 October 2016 and listed on the Hong Kong Stock Exchange on 12 October 2016

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Television Broadcasts Limited (‘TVB’) on its issuance and offering of US$500m 3.625% senior guaranteed notes due in 2021. The Freshfields team acted as Hong Kong legal counsel for the issuer, TVB Finance Limited and the guarantor, TVB.

Global law firm Norton Rose Fulbright has advised Islamic Republic of Pakistan on its $1bn sukuk issuance, which closed on October 13. The transaction represents the fourth international capital markets issue on which the practice has advised Pakistan since 2014, following its US$2 billion eurobond in April 2014, its US$1 billion sukuk in December 2014, and its US$500 million bond in October 2015.

International law firm Watson Farley & Williams (“WFW“) advised Iccrea Bancaimpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, and a syndicate of banks also part of Credito Cooperativo and consisting of BCC Udine, BCC Fiumicello, BCC Staranzano, BCC Friuli and BCC Bassa Friulana) on their €10.9m financing to Italian healthcare sector non-profit organisation Grado Riabilita.

International law firm Ashurst is advising EnQuest PLC, the largest independent UK oil producer in the UK North Sea, on its financial restructuring.

The restructuring includes the amendment and restatement of a revolving credit facility of up to US$1.7 billion, the exchange of US$650 million high yield notes for new notes, the amendment of the terms governing £155 million retail notes and a placing and open offer.

Global law firm Norton Rose Fulbright has advised the Kingdom of Bahrain on its $1 billion eurobond and $1 billion sukuk issuances, each of which closed on October 12, 2016.

The 12 year eurobonds and the 8 year sukuk were offered under Rule 144A and Regulation S of the U.S. Securities Act of 1933 to investors in the United States and internationally. The eurobonds and the sukuk were each admitted to listing on the Official List of the Irish Stock Exchange and to trading on the Irish Stock Exchange plc’s regulated market.

Gide has advised a bank syndicate led by Société Générale on its tender offer on two series of notes due respectively in 2019 and 2021.

Simultaneously to this buyback, Gide assisted a bank syndicate led by J.P. Morgan Securities plc in a EUR 600 million issue of 1.250 per cent. notes due in 2031 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Hubert Merveilleux du Vignaux (partner), assisted by Laurent Vincent, Aude-Laurène Dourdain and Louis Ravaud.

Schoenherr has advised the Republic of Austria's side on the successful buy-back offer of debt instruments issued by HETA ASSET RESOLUTION AG ("HETA"). In addition to the EUR 1.2 billion contribution by the Province of Carinthia, the funds for the buy-back will be provided by the Republic of Austria. In doing so, the Republic of Austria is pre-financing to a large extent the recovery from the HETA wind-down.

King & Wood Mallesons has advised First Names Group on the refinancing of its existing funding package.

With over 700 employees across fourteen strategic locations, First Names Group is a leading independent provider of trust, fund, real estate and corporate administration services.

The existing facilities were refinanced by way of unitranche and super senior revolving facilities. The security package for the refinancing was multi-jurisdictional, including Isle of Man, Jersey, Guernsey, Bermuda and Cyprus.