In March 2016, WDP, assisted by Eubelius, has realised an institutional placement of bonds for an amount of EUR 60 million in two tranches, with a term of ten years each. Fixed rate bonds were issued for approximately EUR 37 million and floating rate bonds were issued for approximately EUR 23 million. The bonds have been admitted to trading on Euronext Brussels.
King & Wood Mallesons represents the joint bookrunners and joint lead managers in connection with a further issue of US$120 million 6.90% guaranteed notes due 2019 by Hong Kong Airlines Limited (“Hong Kong Airlines”), which are consolidated and form a single series with Hong Kong Airlines’ US$180 million 6.90% guaranteed notes due 2019 issued on 20 January 2016.
Castrén & Snellman advised the Sole Global Coordinator and Joint Bookrunner Danske Bank A/S, Helsinki Branch and the Joint Bookrunner UBS Limited in Sponda’s rights issue of approximately EUR 220 million. The proceeds from the rights issue will be used to partially repay the bridge loan raised for the acquisition of the Forum properties. The rights issue was fully subscribed for.
Solstad Rederi AS did in February enter into a term loan and guarantee facility of MNOK 1,215 and MUSD 30 with a group of Norwegian and Nordic banks and financial institutions with DNB Bank ASA acting as agent. The facility is secured inter alia with mortgages over six of Solstad Rederi AS' vessels.
Closing has been completed and the facility has by that replaced and refinanced five separate loan- and guarantee facilities and made addition loan available to Solstad Rederi AS.
Arntzen de Besche acted for the agent and the finance parties.
Davis Polk advised the sole bookrunner in connection with the Regulation S only offering by China Oceanwide International Financial Management Co., Ltd, a wholly owned subsidiary of China Oceanwide Holdings Group Co., Ltd. ("China Oceanwide"), of its HK$500 million 8.50% bonds due 2019.
China Oceanwide is engaged in finance, real estate, electric power and energy, culture and media and capital investment businesses.
Allen & Overy advised a syndicate of 38 banks on the successful issue of a bond by Deutsche Bank Aktiengesellschaft with a volume of EUR 1.6 billion.
Deutsche Bank AG, London Branch and Dekabank Deutsche Girozentrale acted as joint lead managers. The bond pays interest at a rate of 1.00% p.a. and matures in 2019 (ISIN: DE000DL19SQ4).
The Allen & Overy team was led by partner Christoph Enderstein and comprised counsel Michael Becker and associate Christoph Pohl (all International Capital Markets, Frankfurt).
Simpson Thacher, acting as sole international counsel, represented BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International, Mizuho Securities USA Inc., Morgan Stanley & Co. International plc, Shinhan Asia Limited and Shinhan Investment Corp., as dealers, in connection with the update of the US$6 billion Global Medium Term Note program of Shinhan Bank. In addition, Simpson Thacher, acting as sole international counsel, represented BNP Paribas Securities Corp., The Hongkong and Shanghai Banking Corporation Limited, J.P.
The Equiom Group (Equiom), the leading international trust and corporate services provider, has secured a substantial increase to its debt finance package with the help of international law firm Gowling WLG.
The new package follows a period of sustained growth which has seen Equiom meet and exceed its five-year plan in just 30 months.
Slaughter and May advised Remgro Limited, as guarantor, and its subsidiary Remgro Jersey GBP Limited, as issuer, on the placement of senior, secured guaranteed bonds due 2021 (the "Bonds"). The Bonds are exchangeable into shares of Mediclinic International Plc (the "Shares").
The aggregate issuance size is £350 million and the Bonds will pay a coupon of 2.625% per annum. Upon exchange of the Bonds, the issuer of the Bonds will have the discretionary right to deliver an amount in cash in lieu of the Shares, as fully described in the terms and conditions of the Bonds.
On March 21, 2016, UBS Group AG completed its issuance of USD 1.5 billion 6.875% Tier 1 Capital Notes.
Homburger advised UBS on all regulatory and transactional aspects as to Swiss law.
The Homburger team included partners Benedikt Maurenbrecher, Stefan Kramer (both Financial Services) and Stefan Oesterhelt (Tax) as well as counsel Lee Saladino and Eduard de Zordi (both Financial Services), associate Daniel Hulmann (Financial Services) and Paralegal Bettina Oertle (Financial Services).