Slaughter and May advised Standard Chartered PLC and Standard Chartered Bank on its tender offers for twelve series of outstanding capital securities issued by Standard Chartered PLC and Standard Chartered Bank.
Allen & Overy has advised Bayerische Landesbank, as technical manager, in connection with the successful issue of a EUR 1.585 billion sustainability bond by the State of North Rhine-Westphalia. In addition to Bayerische Landesbank, the banking syndicate comprised HSBC Trinkaus & Burkhardt AG, Merrill Lynch International, NATIXIS and UniCredit Bank AG.
Munich, March 22, 2016 – Baker & McKenzie advised CRX Markets AG, Munich, on the structuring and implementation of a supply chain finance program for the Vattenfall group. The program was launched in close cooperation between CRX Markets AG and Helaba Landesbank Hessen-Thüringen.
The program comprises the German business of the Vattenfall group and extends to 20 subsidiaries of the group. The program enables suppliers to sell their accounts receivable from the Vattenfall subsidiaries concerned at favorable conditions before maturity.
Slaughter and May, working as a team with Cleary, Gottlieb Steen & Hamilton LLP, advised Abbey National Treasury Services plc in relation to the issue of US$ 2,000,000,000 notes under its SEC registered US shelf facility.
The issue, announced on 14 March 2015, comprises US$ 1,650,000,000 2.500% notes due 2019 and US$ 350,000,000 floating rate notes due 2019.
Allen & Overy said today the EUR317 million Kingfisher CMBS transaction from Bank of America Merrill Lynch, the first in Europe this year, may pave the way for other deals to follow in 2016.
The securitisation is backed by a single floating rate loan extended to Blackstone to fund the acquisition of a portfolio of German retail properties. DIY retail space accounts for the majority of the property portfolio, but other assets include supermarkets, shopping centres and retail warehouses. The transaction comprises six debt tranches and has a maturity date of November 2026.
On 16 March 2016 ABN AMRO Bank N.V. ("ABN AMRO"), became the first non-Taiwan issuer to successfully enter the Formosa market with Tier 2 funding, pricing a USD300 million 15-year bullet. It is the first time that a foreign financial institution has entered the onshore Taiwanese market with such a debt issue, with Standard Chartered Bank and HSBC Bank acting as the joint lead managers of the debut deal. This debut capital issuance is also ABN AMRO's first Tier 2 capital raising from the Asian markets since 2012.
Watson Farley and Williams LLP (“WFW”) in London acted for Crédit Agricole Corporate and Investment Bank (“Crédit Agricole”) in relation to a US$250m loan facility for d’Amico International Shipping. The loan facility was signed on 14 March 2016. Mandated Lead Arrangers are Crédit Agricole Corporate and Investment Bank, Nordea Bank AB, London Branch, ING Bank N.V., London Branch and Banca IMI S.P.A.
King & Wood Mallesons has advised Bank of Qingdao Co., LTD. (Bank of Qingdao), by acting as the issuer’s legal counsel, on its successful issuance of "2016-1 Green Bond of Bank of Qingdao". The issuing scale of the Green Bond is a total of RMB 4 billion, which is the first ever issuance of Green Bond among domestic City Commercial Banks. This is the second innovative leading project with deep impact to the market that KWM supported Bank of Qingdao after the first US$607 million listing on the Main Board of the Hong Kong Stock Exchange.
Watson Farley and Williams LLP (“WFW”) in London acted for Crédit Agricole Corporate and Investment Bank (“Crédit Agricole”) in relation to a US$64m loan facility made available to Ardmore to refinance existing indebtedness, in relation to two chemical tankers and to provide finance for Ardmore’s acquisition of two further chemical tankers.
Temenos Group AG, the market leading provider of mission-critical software for financial institutions, refinances existing facilities through a new banking facility of USD 500 million provided by the existing lenders Barclays, HSBC, RBS, Credit Suisse and Banque Cantonal Vaudoise and new lenders including Standard Chartered, ING and BNP Paribas.
Homburger advised Temenos Group AG in Swiss legal aspects of the refinancing.