Norton Rose Fulbright has advised the Government of Pakistan on a US$500 million bond issue. The transaction represents the third capital markets issue on which the practice has advised Pakistan in the past 18 months, following its US$1bn sukuk in December 2014 and its US$2bn bond in April 2014.
Linklaters has advised the Government of the Sultanate of Oman, represented by the Ministry of Finance, on its proposed issuance of sukuk (Islamic bonds). The transaction is the first sovereign sukuk by Oman.
The sukuk is proposed to be issued on the basis of a sukuk al-ijara structure, over Government land, for a tenor of five years. Application will be made to the Muscat Securities Market for listing and trading of the sukuk in Oman.
Clifford Chance has advised the Government of Indonesia on its issuance of approximately JPY100 billion (US$799 million) samurai bonds, one tranche guaranteed by JBIC and two tranches nonguaranteed. This was the first nonguaranteed samurai bond issued by the Government of Indonesia in over 30 years.
Norton Rose Fulbright has advised Bank Zachodni WBK S.A., ING Bank Slaski S.A., Powszechna Kasa Oszczednosci Bank Polski S.A. and Societe Generale as global coordinators in relation to PLN 12.5bn (approximately EUR 3bn) facilities for the refinancing of Cyfrowy Polsat S.A. and Polkomtel Sp. z o.o.’s existing debt and the financing of working capital requirements.
Cyfrowy Polsat S.A. is a leading Polish pay digital satellite platform operator and Polkomtel Sp. o.o. is a leading Polish mobile operator.
Taylor Wessing has advised Tritax Big Box REIT plc (TBBR) on a new five year £500 million secured debt facility with a syndicate of four lenders.
The Facility comprises a £320 million Term Loan which will be drawn in full immediately, a further £80 million Term Loan available to draw up until the first anniversary of the Facility, and a £100 million Revolving Credit Facility which includes a £10 million Overdraft component.
King & Wood Mallesons has advised Weichai Power Co., Ltd. (Weichai Power) as its international counsel on its offering of US$400,000,000 4.125% guaranteed bonds due 2020. The bonds are issued by Weichai International Hong Kong Energy Group Co., Limited, a wholly-owned subsidiary of Weichai Power, and are unconditionally and irrevocably guaranteed by Weichai Power. The bonds will be listed on the Singapore Exchange (SGX).
Slaughter and May advised Legal & General Finance plc in relation to the update and revision of its US$2 billion Euro Commercial Paper Programme. The Notes issued pursuant to the programme are guaranteed by Legal & General Group plc. The arranger of the programme is Citibank International Limited and the dealers under the programme are Bank of America Merrill Lynch International Limited, Barclays Bank plc, Citibank International Limited, Goldman Sachs International, ING Bank N.V. and J.P. Morgan Securities plc.
CONTACTS
Slaughter and May advised International Finance Facility for Immunisation Company (IFFIm) in relation to its second Sukuk, raising US$200 million for children’s immunisation in the world’s poorest countries through Gavi, the Vaccine Alliance. The transaction follows IFFIm’s inaugural Sukuk issued in December 2014.
Allen & Overy has advised The Hong Kong and Shanghai Banking Corporation Limited as one of the first batch of foreign commercial banks to issue panda bonds in the China interbank bond market.
The Allen & Overy team was led by International Capital Markets partner Yvonne Siew together with principal associate Jacqueline Chan in Hong Kong.
Gernandt & Danielsson advises in 4finance’s issue of corporate bonds amounting to SEK 150 million
The consumer credit provider group 4finance has, through the Luxembourg incorporated company 4finance S.A., issued Swedish corporate bonds amounting to SEK 150 million through a private placement. The bonds have been issued within a framework amount of SEK 600 million, of which the company previously has issued SEK 225 million. The bond loan is already admitted to trading on the Corporate Bond List at Nasdaq Stockholm.