Resource

 

 

 

 

 

 

 

 

 

 

 

Banking & Finance - Capital Markets: Debt

Dentons advises National Bank of Oman on US$500 million bond issue and update of its EMTN programme

04 Oct 2018

Muscat—Dentons has advised the National Bank of Oman SAOG ("NBO"), one of the largest banks in the Sultanate of Oman, in relation to the update of its US$1.5 billion Euro Medium Term Note programme (the "Programme"), the upsize of the Programme from US$600 million to US$1.5 billion, and the issue of US$500 million 5.625% notes due 25 September 2023 with strong local and international support. The Programme and issue are rated (Baa3, Moody's) and listed on Euronext Dublin (formerly, the Irish Stock Exchange).

Gide on the issuance of Tier 2 subordinated bonds by Groupama Assurances Mutuelles

03 Oct 2018

Gide has advised the banks syndicate composed of HSBC Bank plc, BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, J.P. Morgan Securities plc and Natixis in connection with the issuance of Tier 2 subordinated bonds by Groupama Assurances Mutuelles for a total amount of EUR 500 million at a rate of 3.375 per cent. and due 2028.

Gide’s team was led by partner Hubert du Vignaux and counsel Laurent Vincent, assisted by associates Mariléna Gryparis and Stéphanie Trost.

White & Case Advises Group BPCE on Inaugural Local Economic Development Bond Issuance

03 Oct 2018

Global law firm White & Case LLP has advised Group BPCE on its inaugural local economic development bond issuance.

The bond is a €1.25 billion senior preferred 0.625% notes due 2023. The bank syndicate included Natixis, ABN AMRO Bank N.V., Bankia, S.A., ING Bank N.V. and Skandinaviska Enskilda Banken AB as Joint Lead Managers.

The White & Case team that advised on the transaction was led by partner Grégoire Karila and included associate Petya Georgieva.

Milbank Advises Together Mortgages on its £350M Senior PIK Toggle Notes Offering

01 Oct 2018

Milbank, Tweed, Hadley & McCloy LLP has advised Bracken Midco1 plc (the Issuer) on the offering of its £350 million aggregate principal amount of 8% / 10% Senior PIK Toggle Notes due 2023.

The proceeds from the offering have been used, among other things, to refinance the Issuer’s Senior PIK Toggle Notes due 2021 issued in November 2016, to provide its shareholder with the funds required to redeem its outstanding loan notes and to make a distribution to its shareholder.

Milbank Advises FUNKE MEDIENGRUPPE in Relation to its Refinancing

28 Sep 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised FUNKE MEDIENGRUPPE in relation to its refinancing of an existing € 580 Million facilities agreement.

The new facilities agreement reduces the borrowing costs of FUNKE MEDIENGRUPPE and provides more independence for future transactions in order to implement the growth strategy in print and digital business.

Milbank’s Leveraged Finance/Capital Markets Team Advises on €250M Consent Solicitation by Radisson Hotel Holdings AB

28 Sep 2018

Milbank, Tweed, Hadley & McCloy LLP advised the solicitation agent in connection with the solicitation of consents by Radisson Hotel Holdings AB, from the holders of its outstanding €250 million 6.875% senior secured notes due 2023 to certain amendments to the existing indenture. Radisson is a leading international hotel management company operating a portfolio of 374 hotels in 78 countries, as of March 31, 2018.

Royal Bank Of Scotland’s $1.75 Billion Senior Notes Offering

28 Sep 2018

Shearman & Sterling represented the underwriters, led by NatWest Markets Securities Inc., in connection with The Royal Bank of Scotland Group plc's offering of $1.75 billion 5.079% fixed-rate/floating-rate senior notes due 2030. The joint bookrunners included Credit Suisse, Morgan Stanley and UBS Investment Bank.

The Royal Bank of Scotland, headquartered in Edinburgh, has a diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.

    David Dixter