ULAANBAATAR, 20 APRIL 2016 – Hogan Lovells Ulaanbaatar office advised the Government of Mongolia on Mongolian law aspects of the issuance of US$500 million sovereign bonds under its US$5 billion Global Medium Term Note Program, the Government's first offering since 2012.
Shearman & Sterling represented Barclays Bank and ABN AMRO on InterXion’s offering of an additional €150 million of senior secured notes. The bond pays interest at a rate of 6.00% per annum due 2020.
InterXion is headquartered in Amsterdam and is a leading provider of carrier and cloud neutral colocation data center services in Europe. It supports approximately 1,600 customers through 41 data centers in 11 countries.
Allen & Overy again advised alstria office REIT-AG on the successful issue of a bond with a volume of EUR 500 million.
The unsecured corporate bond with a term ending on 12 April 2023 has a fixed interest rate of 2.125%. The bond which was oversubscribed ten times was successfully placed with institutional investors in selected jurisdictions and is admitted to trading on the regulated market of the Luxembourg Stock Exchange.
Von Roll Holding AG completed the placement of CHF 150 million 1.00% convertible bonds due 2022. The bonds were issued at 100% of their principal amount and, unless previously redeemed, converted or repurchased and cancelled, will mature on 11 April 2022 at 100% of their principal amount. The allocation of the bonds included a claw-back by existing shareholders who were granted the right to exercise their advance subscription rights.
Linklaters LLP was appointed to advise University Bank on its sukuk issuance in the United States. This is believed to be the first sukuk to be governed by the laws of the United States, in this case, the laws of the State of New York.
Clifford Chance has advised Bank of Communications Co., Ltd. Hong Kong Branch, BOCOM International Securities Limited, ANZ, CICC, HSBC, J.P. Morgan and Standard Chartered Bank as the joint lead managers on the issue of US$400 million 2.125% guaranteed notes due 2019 and US$600 million 2.625% guaranteed notes due 2021 by Azure Orbit III International Finance Limited, and unconditionally and irrevocably guaranteed by Bank of Communications Co., Ltd. Macau Branch. Azure Orbit III is a subsidiary of the Bank of Communications.
Clifford Chance advised on the issuance of US$500 million 3.625% notes due 2021 by ABQ Finance Limited and guaranteed by Ahli Bank QSC. Ahli Bank is a conventional bank in Qatar and offers a wide range of wholesale and retail banking products and services to its customers based primarily in Qatar.
Saarland-based Karlsberg Brauerei GmbH offers a new corporate bond, Karlsberg bond II, with a target volume of EUR 40 million. A team of business law firm Heuking Kühn Lüer Wojtek led by Cologne partners Ralf M. Schnaittacher and Dr. Thorsten Kuthe advised on the issue as transaction counsel.
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Arrow Global Group plc (Arrow Global), one of Europe’s leading purchasers and managers of debt, on the issue by Arrow Global Finance plc of EUR 230 million senior secured floating rate notes due 2023. Goldman Sachs International, J.P. Morgan Securities plc and HSBC Bank plc acted as physical bookrunners and global coordinators for the issue, with The Royal Bank of Scotland plc, Lloyds Bank plc and DNB Markets, a division of DNB Bank ASA, acting as co-managers.
The issuance of corporate bonds by MCI Group, in the Czech Republic closed with great success. It is the first time that the capital for the purpose of new investments in MCI.EuroVentures 1.0’s companies was raised outside Poland.