Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Santander UK Group Holdings plc in relation to the issue of US$1.5 billion notes under its SEC registered US shelf facility.

The issue, announced on 5 August 2016, comprises a single tranche of US$1.5 billion 2.875% notes due 2021.

The joint book-running managers for the issuance were Barclays, BNP Paribas, Goldman, Sachs & Co, Morgan Stanley and Santander.

Contacts

Slaughter and May, working as part of an integrated team with Cravath, Swaine & Moore LLP, advised INEOS Group Holdings S.A. on its offering of EUR650 million 5 3/8% senior notes and USD500 million 5 5/8% senior notes. The proceeds of the offering were used to redeem in full INEOS Group Holding S.A.’s outstanding senior notes due 2018.

Contacts

Caroline Phillips (partner), Tsjatsja Westerveld (associate), Emma Kudzin (associate), Bee Sloan (trainee)

Simpson Thacher represented eircom Finance DAC, an affiliate of eircom Holdings (Ireland) Limited (“eircom”), in connection with a Rule 144A and Regulation S tap offering of €200 million in aggregate principal amount of additional Senior Secured Notes due 2022. The transaction closed on August 8, 2016. eircom has used the net proceeds from this offering to prepay a portion of the outstanding amounts under its Senior Facilities Agreement.

Teva Pharmaceutical Finance Netherlands IV B.V. successfully placed the aggregated amount of CHF 1 billion of notes in connection with the pending acquisition of Actavis Generics, consisting of the following tranches: CHF 300 million 0.125% fixed rate notes due 2018, CHF 350 million 0.500% fixed rate senior notes due 2022 and CHF 350 million 1.000% fixed rate senior notes due 2025. The notes have been listed on the SIX Swiss Exchange and are guaranteed by Teva Pharmaceutical Industries Limited.

Global law firm Reed Smith has advised OakNorth Bank Limited (OakNorth) – the bank for entrepreneurs, by entrepreneurs – on its £19 million corporate financing deal for LEON Restaurants (LEON). The restaurant group plans to use the loan to pursue its exciting growth strategy – opening another 50 sites within the next four years and employing an additional 1,000 people.

The Reed Smith team, led by finance partner Leon Stephenson and associate Maccailein Campbell, advised on all aspects of the corporate loan.

Global law firm White & Case LLP has advised China Development Bank International Holdings Limited (CDBIH), China Development Bank Capital Corporation Limited (CDB Capital) and CDBI Treasure I Limited (the issuer) on the establishment of the issuer's US$500 million medium term notes programme, guaranteed by CDBIH and with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking provided by CDB Capital, and the subsequent issuance of US$500 million of notes under the programme, which closed on 2 August 2016.

Global law firm Norton Rose Fulbright has advised the joint lead arrangers on Majid Al Futtaim’s US$300 million bond issuance to be consolidated and form a single series with its US$500 million issuance of May 7, 2014.

The joint lead arrangers included (amongst others) Barclays Bank PLC, Citigroup Global Markets Limited, Emirates NBD PJSC and Standard Chartered Bank.

Global law firm DLA Piper has advised Silver Heritage Group Limited on its initial public offering (IPO) and listing on the ASX and associated US$20 million bond issue to investment fund manager, OCP Asia. The indicative market capitalisation of the company on completion of the offer is expected to be around AU$80 million.

Headquartered in Hong Kong, Silver Heritage was founded in 2003, and currently operates and manages casinos and gaming assets in four Asian markets - Nepal, Vietnam, Laos and Cambodia.

Global law firm White & Case LLP has advised Acea S.p.A., the Rome-based multi-utility, as issuer on the Italian and English law aspects of its €1.5 billion Euro Medium Term Note Programme.

The White & Case team which advised on the transaction was led by partners Michael Immordino (London & Milan) and Ferigo Foscari, local partner Paul Alexander, associate Pietro Magnaghi and lawyer Luca Bella (all Milan).

Shearman & Sterling advised Citigroup, as sole bookrunning manager, on FAGE's $420 million high yield notes offering. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on August 3, 2016.

FAGE is a leading international dairy company with a focus on yogurt. FAGE has a significant and growing presence in the US yogurt market, growing international sales outside of the United States, and leading market positions in the Italian, UK and Greek yogurt markets.