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Banking & Finance - Capital Markets: Debt

Shearman & Sterling Advises on the Province of Ontario's C$750 Million Green Bond Offering

03 Feb 2016

Shearman & Sterling represented the Province of Ontario (“Ontario”) in connection with Ontario’s public offering of C$750,000,000 of its 1.95% bonds due January 27, 2023 (the “Bonds”). The Bonds are the second issued under Ontario’s green bond program that will help finance transit and other environmentally friendly infrastructure projects across Ontario. Application has been made to the Luxembourg Stock Exchange (“LSE”) for the Bonds to be admitted to trading on the Euro MTF Market of the LSE.

Cadwalader Advises on US$12 Billion of Debt Trading Transactions in 2015

03 Feb 2016

Cadwalader has one of the most experienced legal teams in Europe, the United States and Asia advising on the trading of secondary debt, claims and loan portfolio transactions globally.

Cadwalader, Wickersham & Taft LLP, a leading law firm to global financial institutions and corporations, has advised clients on US$12 billion of trades globally in 2015, involving secondary debt, claims and both performing and non-performing loan portfolio transactions.

Schoenherr advises banking consortium on issuance of EUR 750 mn mortgage covered bond (Pfandbrief) by Erste Group Bank AG

03 Feb 2016

Schoenherr advised an international banking consortium comprising Société Générale (technical lead), Danske Bank A/S, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale as Joint Lead Managers on the successful issuance of a EUR 750 mn fixed-rate mortgage covered bond (Pfandbrief) by Vienna-based Erste Group Bank AG (closing date: 19 January 2016). The bond was placed with institutional investors and listed on the Second Regulated Market of the Vienna Stock Exchange.

Advising InVivo in connection with the financing of its strategic plan by raising €800 million

02 Feb 2016

Advising Invivo in connection with the financing of its strategic plan « 2025 by InVivo » by raising €800 million through a syndicated loan of €680 million and a bond issue of €120 million (Euro PP bond issue comprises two €60 million tranches of six and seven years).

The arrangers were as follows:

* Crédit Agricole Ile-de-France and Natixis for the syndicated loan
* Crédit Agricole CIB and Natixis for the Euro PP issue

Simpson Thacher Acted as Sole International Counsel in US$300 Million Notes Offering by Korea Midland Power

02 Feb 2016

Simpson Thacher acted as sole international counsel in connection with the offering of US$300 million 2.5% Notes due July 21, 2021 by Korea Midland Power Co., Ltd. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.

Korea Midland Power is one of six wholly owned electricity generation subsidiaries of Korea Electric Power Corporation, a government-controlled electricity company in Korea. Barclays Bank PLC, BNP Paribas and Morgan Stanley & Co. International plc were joint bookrunners for the offering.

Shearman & Sterling Advises Underwriters in American Tower Corporation’s $1.25 Billion Senior Notes Offering

02 Feb 2016

Shearman & Sterling represented BNP PARIBAS, BofA Merrill Lynch, Citigroup, J.P. Morgan and Morgan Stanley as lead underwriters in connection with offerings of $750 million aggregate principal amount of 3.300% senior notes due 2021 and $500 million aggregate principal amount of 4.400% senior notes due 2026.

Mayer Brown advises Värde Partners on £203 million CMBS transaction

02 Feb 2016

London - Mayer Brown has advised Värde Partners on a £203.1 million CMBS transaction secured against commercial property assets located throughout the United Kingdom.

The transaction involved the issuance by Magni Finance DAC of five tranches of Notes, each listed on the Irish Stock Exchange. The Senior Notes have been rated by Fitch and DBRS.

The offering was also structured as a Rule 144A issuance to enable distribution to US investors.

Linklaters advises FMS Wertmanagement in relation to the repurchase of DEPFA bonds

29 Jan 2016

Linklaters provided advice to FMS Wertmanagement, a winding-up agency owned by the German government, in connection with making a public tender offer to repurchase bonds of the Irish DEPFA Group. Such offer includes bonds in a total nominal volume of €3.3 billions, which are denominated in euros, Swiss francs, U.S. dollars and Canadian dollars. The maturity dates of the relevant bonds fall within the period from October 2017 to March 2037.