HONG KONG: Allen & Overy has advised ANZ, BNP Paribas, Citigroup, HSBC, J.P. Morgan and Standard Chartered Bank as joint lead managers on IDBI Bank Limited’s inaugural USD350 million Regulation S green bond issue, the second Indian bank to issue green bonds internationally.  The Hong Kong based A&O team had earlier advised the joint lead managers on Export-Import Bank of India’s issue of green bonds, which was the first international issue of green bonds from India.

King & Wood Mallesons has advised Cargolux Airlines International S.A. (Cargolux) in the placement of a EUR 60 million loan note with Norddeutsche Landesbank Girozentrale (Nord/LB).

Ashurst has advised senior warehouse financiers and mezzanine warehouse financiers on the A$6 billion-plus warehouse securitisation of GE assets, acquired by a consortium (Consortium).

The securitisation was complex and innovative with the securitised assets spanning more than three million customers in Australia and New Zealand in areas including secured and unsecured personal loans, auto loans, credit cards and sales finance provided.  A separate securitisation trust was created to hold receivables in a particular asset class and depending on location.

Norton Rose Fulbright has advised Australian Executor Trustees in relation to its role as trustee for an offer of capital notes by Macquarie Group Limited (MCN2). This latest hybrid offer by Macquarie is expected to raise around A$400 million.

The transaction highlights Australian Executor Trustees’ leading position in the Australian market as a provider of note trustee services for regulated issues, as well as Norton Rose Fulbright’s position as one of the premier debt capital markets (DCM) practices in Australia.

Slaughter and May advised ISS, one of the world's leading facility services companies, on the issuance of notes totalling EUR 500,000,000 under its EUR 2,000,000,000 Euro Medium Term Note Programme. The notes are to mature in 2021 with a coupon of 1.125%. They will be listed on the Luxembourg Stock Exchange.

Herbert Smith Freehills has advised the Joint Lead Managers of Macquarie Group Limited’s (MGL) offer of new hybrid securities known as Macquarie Group Capital Notes 2 (MCN2), which are fully paid, unsecured, subordinated, non-cumulative, perpetual and convertible notes issued by MGL (Offer).

The Offer was originally intended to raise A$400 million (with the ability to raise more or less) but has been increased to at least A$500 million following strong support from brokers and institutional investors.

MCN2 are offered at an issue price of A$100.

Noerr has advised the SDAX company SAF-HOLLAND S.A. on taking up a promissory note loan for €200m. The Noerr team was led by the Noerr partners Dr. Martin Kleinschmitt and Dr. Nikolai Warneke.

The promissory note loan was placed with institutional investors in Germany and abroad. It was arranged by a banking consortium consisting of Commerzbank Aktiengesellschaft, HSBC Trinkaus & Burkhardt AG, IKB Deutsche Industriebank AG and UniCredit Bank AG.

Brenntag AG (“Brenntag”), a leading chemicals distributor, has successfully finalized the placement of a USD500m bond with warrant units due 2022 with the option to acquire Brenntag shares. The proceeds from the offering of the units will be used for general corporate purposes including the financing of signed acquisitions.

Clifford Chance has advised Société Générale and Standard Chartered Bank in connection with the $750 million inaugural offering of 9.50% notes due 2025 by the Republic of Cameroon.

This transaction is intended to enable the Republic of Cameroon to finance development projects and, in particular, the repayment in full of the SONARA bridge loan, the partial financing of the three-year emergency plan and certain long-term investment projects identified in the 2015 budget.

Leading international law firm Freshfields Bruckhaus Deringer has advised Worldpay Group plc (“Worldpay”) on its inaugural bond offering of €500 million 3.75% senior notes due 2022 (the “Notes”), issued by Worldpay’s wholly owned subsidiary, Worldpay Finance plc.