Allen & Overy LLP advised a syndicate of 38 banks on the successful issue of a bond by Deutsche Bank Aktiengesellschaft with a volume of EUR 1.25 billion. Deutsche Bank AG, London Branch, Banca IMI, Banco Santander, DekaBank Deutsche Girozentrale and Lloyds Bank acted as joint lead managers. The floating rate bond matures in 2018 (ISIN: DE000DL19SS0).

The Allen & Overy team comprised partner Christoph Enderstein, counsel Michael Becker and associate Christoph Pohl (all International Capital Markets, Frankfurt).

Allen & Overy has advised Royal FrieslandCampina in connection with “green” Schuldschein loans in a total amount of EUR 300 million.
Proceeds from the Schuldschein loans will be used for financing the reduction of the environmental footprint of the global operations of Royal FrieslandCampina in accordance with its sustainability and CSR policy as part of its route2020 strategy.

Clifford Chance has advised a consortium of banks comprising J.P. Morgan, Societe Generale, UBS Investment Bank and UniCredit Bank on the issuance of a EUR 500 million bond by alstria office REIT-AG. The bond has a term of seven years and a coupon of 2.125%. The transaction was ten times over subscribed.

The Clifford Chance team comprised partner Sebastian Maerker and associate Dr. Christian Kohler (both Banking & Capital Markets, Frankfurt).

Norton Rose Fulbright has advised the Leptos Group on the English law financing aspects of its debt restructuring with Bank of Cyprus.

The Leptos Group is one of Cyprus’ largest group of companies, with its main business interests in real estate development, hotels ownership and management, education (owner of private accredited university) and health care (owner of a hospital).

Slaughter and May recently advised Genel Energy plc in connection with Genel Energy Holding Company Limited's (the Company) reverse tender offer to holders of Genel Energy Finance plc's Oslo-listed USD730 million GENEL01 PRO senior unsecured callable bonds (the Bonds). The Company repurchased a nominal amount of USD55.4 million of Bonds at a price of 63% of par value plus accrued unpaid interest.

Contacts

Corporate and Commercial: Nigel Boardman (partner), Richard Marron (associate)

Slaughter and May advised Standard Chartered PLC on its issue of US$1.25 billion 4.05 per cent. Notes due 2026 under its US$77.5 billion Debt Issuance Programme. BNP Paribas, Goldman Sachs International, J.P. Morgan Securities LLC and Standard Chartered Bank acted as joint lead managers. ABN Amro Securities (USA) LLC, Emirates NBD P.J.S.C, ING Financial Markets LLC, National Bank of Abu Dhabi P.J.S.C. and United Overseas Bank Limited acted as co-lead managers. Sullivan & Cromwell advised as to New York law.
Contacts

Slaughter and May team

Davis Polk advised BMW Group in connection with its debut Rule 144A/Regulation S offering of (i) $1.5 billion aggregate principal amount of 1.50% notes due 2019, (ii) $1.5 billion aggregate principal amount of 2.00% notes due 2021, and (iii) $1.0 billion aggregate principal amount of 2.80% notes due 2026, in each case issued by BMW US Capital, LLC and guaranteed by Bayerische Motoren Werke AG.

White & Case LLP has advised Deutsche Bank on the transfer of a €240 million non-performing loan to Banca IFIS.

The White & Case team which advised Deutsche Bank was led by partner Iacopo Canino and included associate Riccardo Maggi Novaretti (both Milan).

White & Case LLP has advised Banca IMI and UniCredit, as dealers, and Banca Akros and Banca Sella Holding as co-dealers, on the issuance by the Republic of Italy of approximately €8 billion nine-year BTP Italia bonds that are linked to Italian inflation.

The offering was carried out over two separate periods. The first was targeted at retail investors and the second focused on institutional investors.

The White & Case team which advised on the transaction was led by partner Paola Leocani with support from associate Pietro Magnaghi.

Davis Polk advised The Royal Bank of Scotland Group plc, a public limited company incorporated under the laws of Scotland, in connection with its SEC-registered shelf takedown of $1.5 billion aggregate principal amount of 4.800% senior notes due 2026.