The London and Moscow offices of Debevoise & Plimpton LLP have advised longstanding client NLMK Group on a 4-year pre-export finance facility for a total of $400 million.
The company plans to use the proceeds to refinance its short-term debt, as well as for general corporate purposes.
King & Wood Mallesons has advised Beijing Automotive Industry Group Co., Ltd. (BAIC) as international counsel on its offering of EUR500 million 1.90 per cent. guaranteed notes due 2020. The bonds are issued by BAIC Inalfa HK Investment Co., Limited, a subsidiary of BAIC, and are unconditionally and irrevocably guaranteed by BAIC.
Davis Polk advised the joint lead managers in connection with the issue of RMB5 billion 3.10% bonds due 2016 by The People’s Bank of China.
The People's Bank of China is the Central Bank of the People's Republic of China. The People’s Bank of China under the leadership of the State Council, is responsible for formulating and implementing monetary policy, preventing and mitigating financial risks and safeguarding financial stability.
Herbert Smith Freehills has advised the Joint Lead Managers of AMP Limited’s (AMP) offer of new Tier 1 hybrid securities known as AMP Capital Notes 2 (AMPCN2), which are fully paid, perpetual, unsecured, subordinated, non-cumulative, mandatorily convertible notes issued by AMP (Offer). The Offer was intended to raise A$200 million, but was increased to at least A$230 million following the institutional bookbuild.
AMPCN2 are offered at an issue price of A$100.
White & Case LLP has advised Autostrade per l'Italia S.p.A., as issuer, on the Italian and English law aspects of its €7 billion Medium Term Note Programme.
The Base Prospectus has been approved by the Central Bank of Ireland.
The White & Case team which advised on the transaction included partners Michael Immordino (Milan & London) and Paola Leocani, local partner Paul Alexander, associate Louise Ruggiero and lawyer Davide Diverio (all Milan).
White & Case LLP has advised the Barilla Groupon the issuance of its US$185 million Guaranteed Senior Notes due October 2027, which were sold through a private placement to US institutional investors. The Notes are issued by Barilla Iniziative S.p.A. and guaranteed by Barilla G. e R. Fratelli S.p.A..
The White & Case team which advised on the transaction was led by partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan) and included associates Robert Becker (Milan) and Luca Bertazzo (Washington, DC) and lawyer Davide Diverio (Milan).
Shearman & Sterling represented ENCE Energía y Celulosa, (ENCE), a Spanish issuer listed on the Madrid, Barcelona, Valencia and Bilbao Stock Exchanges, on its high yield notes offering of €250 million senior notes due 2022 and its €90 million multicurrency revolving credit facility (RCF). The 2022 Notes and RCF are senior obligations of ENCE and are both guaranteed on a senior basis by certain subsidiaries of ENCE.
Davis Polk advised Banco Bilbao Vizcaya Argentaria, S.A. on the SEC-registered offering by Banco Bilbao Vizcaya Argentaria, S.A. of $1 billion principal amount of 3.000% fixed-rate senior notes due 2020. The notes will be listed on the New York Stock Exchange.
Davis Polk advised the dealer managers in connection with a cash tender offer by SOHO China Limited for any and all of its outstanding $400 million 7.125% senior notes due 2022.
SOHO China Limited, listed on the Stock Exchange of Hong Kong Limited, is a leading prime office developer focused on development, leasing and operation of office and retail properties in Beijing and Shanghai.
Shearman & Sterling represented Interoute Finco plc, a wholly owned subsidiary of Interoute Communication Holdings S.A. (“Interoute”) on its inaugural high yield notes offering of €240 million senior secured floating rate notes due 2020 and €350 million 7.375% senior secured notes due 2020 (collectively, the “Notes”). Additionally, Shearman & Sterling’s lawyers advised Interoute in connection with its entry into a new €75 million revolving credit facility agreement.