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Banking & Finance - Capital Markets: Debt

Slaughter and May advised Standard Chartered – issue of Senior and Tier 2 Notes

07 Sep 2016

Slaughter and May advised Standard Chartered PLC on its issue of US$1,000,000,000 2.100% Senior Notes due 2019, US$750,000,000 Senior Floating Rate Notes due 2019 and US$1,250,000,000 4.300% Dated Subordinated Notes due 2027 under its US$77,500,000,000 Debt Issuance Programme.

BNP Paribas, Credit Suisse, J.P. Morgan, Nomura and Standard Chartered Bank acted as joint lead managers on the issue of the Senior Notes. BNP Paribas, Credit Suisse, J.P. Morgan and Standard Chartered Bank acted as joint lead managers on the issue of the Dated Subordinated Notes.

UBS Group Funding (Jersey) Limited completed its issuance of EUR 1.25 bn 1.25% Fixed Rate Notes guaranteed by UBS Group AG under its USD 30 bn Senior Debt Programme

07 Sep 2016

On September 1, 2016, UBS Group Funding (Jersey) Limited completed its issuance of EUR 1.25 bn Bail-In Bonds under its USD 30 bn Senior Debt Programme (the "Programme"). The EUR 1.25 bn 1.25% Fixed Rate Notes due September 2026 (the "Notes") constitute the first issuance on a RegS only basis under the Programme and will be listed on the SIX Swiss Exchange Ltd.

King & Wood Mallesons advises World Bank in landmark development for China’s bond market

05 Sep 2016

King & Wood Mallesons (KWM) advised the World Bank on its first Special Drawing Rights (SDR) – denominated bond in the Chinese Inter-Bank Bond Market.

The bonds in an aggregate principal amount of 500 million SDRs were priced on 31 August 2016 and issued on 2 September 2016, achieving a landmark development for China’s bond market and for the SDR as an international reserve asset.

Allen & Overy advises bank consortium in connection with the successful placement of a convertible bond of Klöckner & Co SE

02 Sep 2016

Allen & Overy LLP has advised the bank consortium consisting of BNP Paribas and Credit Suisse Securities (Europe) Limited as joint-lead managers as well as Commerzbank AG, HSBC Trinkaus & Burkhardt AG, Landesbank Baden-Württemberg and UniCredit Bank AG as co-lead-managers in connection with the successful issuance of unsubordinated unsecured convertible bonds of Klöckner & Co SE with a total volume of around EUR 150 million and a maturity of 7 years.

Gide assists Veolia Environnement with the first issue of Panda Bonds by a French issuer

02 Sep 2016

Opening of the Chinese domestic bond market to French issuers

Gide advised Veolia Environnement on the first issue of Panda Bonds, Renminbi denominated bonds issued on the Chinese domestic bond market, for an amount of  RMB 1 billion (i.e. EUR 135 million).

The transaction was made under a Chinese law issuance programme of RMB 15 billion (i.e. EUR 2 billion), approved by the NAFMII (National Association of Financial Market Institutional Investors) for a two-year term.

Gernandt & Danielsson advises in FastPartner’s issue of corporate bonds

01 Sep 2016

Gernandt & Danielsson advises in FastPartner’s issue of corporate bonds in the amount of SEK 600 million. The bonds are issued within the framework amount of MSEK 1,000. The company has undertaken to list the bonds on Nasdaq Stockholm. The proceeds from the bond issue will be used for property acquisitions, refinancing of existing bond debt and general corporate purposes.

FastPartner is a real estate company that owns, manages and develops its own commercial properties.

Slaughter and May has advised Nordea Bank AB (publ) on its EUR 8.4bn corporate and SME loan securitisation

01 Sep 2016

Slaughter and May has advised Nordea Bank AB (publ) (Nordea) in connection with its synthetic risk transfer securitisation related to EUR 8.4 billion of Nordea’s corporate and SME loan portfolio. Under the transaction, investors have agreed to invest in notes linked to the junior credit risk of the portfolio.

The transaction was arranged by joint structuring advisers Barclays, J.P. Morgan and Nordea Markets.

Slaughter and May led an integrated team of law firms advising Nordea.

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