King & Wood Mallesons has advised Cash Convertors on its $100 million securitisation facility with Fortress Australia.

The transaction involved a complex unwinding of Cash Convertors existing Westpac securitisation trust and re-transfer of trust receivables.

At the same KWM helped negotiate new transactional facility arrangements for Cash Converters providing them with day-to-day transactional banking facilities.

The KWM team was led by partner Nicholas Creed, supported by Special Counsel Richard Winter.

Norton Rose Fulbright has advised the lenders in relation to the €180m limited recourse financing provided to FVH1 S.r.l. The lenders are UBI Banca S.p.A., Banca IMI S.p.A., UniCredit S.p.A. and Mediocredito Italiano.

Shearman & Sterling represented UBS AG, BNP Paribas (Suisse) SA and Credit Suisse AG in connection with Amgen Inc.’s Regulation S offering of CHF 700 million aggregate principal amount of 0.410% notes due 2023. Amgen is a global biotechnology company that discovers, develops, manufactures and markets human therapeutics based on advances in cellular and molecular biology.

Shearman & Sterling advised Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas and HSBC Securities (USA) Inc. as underwriters in connection with the Republic of Peru’s SEC-registered issuance of  its 3.750% euro-denominated global bonds due 2030 for an aggregate principal amount of €1,000,000,000 .  This is the Republic of Peru’s second issuance of euro-denominated bonds.  The net proceeds from the offering will be used by the Republic of Peru to pre-finance a portion of the general financial requirements for fiscal year 2017.

Clifford Chance has advised Telefónica in relation to the issuance of EUR 600 million Zero-Coupon Equity Linked Bonds, issued by Telefónica Participaciones and guaranteed by Telefónica. The bonds were issued on 9 March 2016 and carry a five year term. The bonds do not pay interest, but instead confer on investors the benefit of a cash settled conversion option, linked to the performance of Telefónica ordinary shares.

Sidley has advised the underwriters, led by Morgan Stanley & Co. International plc, in connection with Morgan Stanley’s SEC-registered offering of €1.5 billion aggregate principal amount of euro fixed rate senior registered notes due 2024. The transaction settled on March 11, 2016.

The multi-office Sidley team included partners Aryeh Zarchan and Michael Kohler, securities associates Alex Csordas and Carol Liu, securities partner David Howe and tax partner Nicholas Brown.

Linklaters was pleased to advise United Overseas Bank Limited on the inaugural issue of its €500,000,000 covered bond due in 2021.

“This significant covered bond issuance is yet another demonstration of Linklaters’ expertise in innovative and multi-jurisdictional deals”, said Kevin Wong, Partner, Linklaters Singapore.

Mr Wong said the covered bond was issued under the US $8,000,000,000 Global Covered Bond Programme of United Overseas Bank Limited.

White & Case LLP has advised Yapi Kredi, Turkey's fourth largest private bank, on the Rule 144A/Regulation S issue of US$500 million, 8.5 percent Basel III-compliant fixed rate resettable Tier 2 Notes due 2026.

"Our cross-border deal team in London and Istanbul supported our long-standing client, Yapi Kredi, in bringing this transaction to a successful conclusion despite a highly volatile market environment," said London-based White & Case partner Doron Loewinger, who led the Firm's deal team.

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. SMBC Nikko Capital Markets Limited, Barclays Bank PLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P.

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. (SMFG) on its debut SEC-registered takedown offering, which consisted of $1.75 billion aggregate principal amount of 2.934% senior notes due 2021, $1.5 billion aggregate principal amount of 3.784% senior notes due 2026 and $750 million aggregate principal amount of floating-rate senior notes due 2021.

The notes are structured to count as total loss-absorbing capacity (TLAC) when TLAC regulations are implemented in Japan.