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Banking & Finance - Capital Markets: Debt

King & Wood Mallesons advises on China General Nuclear Power’s multi-tranche long term bonds issuance

27 Sep 2018

King & Wood Mallesons (KWM) advised PRC state-owned China General Nuclear Power Corporation (CGN) under the laws of the Hong Kong SAR and the PRC on the US$500 million 3.875% guaranteed bonds due 2023, US$100 million 4.8% guaranteed bonds due 2048, and €500 million 2% guaranteed bonds due 2025 by CGNPC International Limited.

King & Wood Mallesons advises on China General Nuclear Power’s multi-tranche long term bonds issuance

27 Sep 2018

King & Wood Mallesons (KWM) advised PRC state-owned China General Nuclear Power Corporation (CGN) under the laws of the Hong Kong SAR and the PRC on the US$500 million 3.875% guaranteed bonds due 2023, US$100 million 4.8% guaranteed bonds due 2048, and €500 million 2% guaranteed bonds due 2025 by CGNPC International Limited.

Simpson Thacher Represents Underwriters in Sovereign Debt Offering for The Republic of Korea

26 Sep 2018

The Firm recently represented Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, The Korea Development Bank and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as underwriters, in connection with The Republic of Korea’s takedown offerings of US$500 million 3.5% Notes due 2028 and US$500 million 3.875% Notes due 2048.

Blackstone Refinances Pan-European Urban Logistics Portfolio

26 Sep 2018

Simpson Thacher represented Blackstone in its circa EUR 300 million refinancing of its acquisition of a portfolio of pan-European logistics assets.

The portfolio consists of 93 assets across Belgium, France, Germany and the Netherlands, and was acquired by Blackstone in June 2018 from Marathon Capital. The financing consisted of a senior loan (with Deutsche Bank and Societe Generale) and a mezzanine loan (with Partners Group).

The Simpson Thacher team acting on the refinancing included Tom Lloyd, Luke Murphy and Pamela Rosindale (Real Estate).

White & Case Advises Gamenet on High Yield Bond Issuance and Super Senior Revolving Credit Facility

26 Sep 2018

Global law firm White & Case LLP has advised Gamenet Group S.p.A. on the issuance of its €225 million Senior Secured Guaranteed Floating Rate Notes due 2023.

The notes have been offered and sold pursuant to Rule 144A and Regulation S under the Securities Act and listed on the Luxembourg Stock Exchange. The proceeds will be used to finance the acquisition of GoldBet S.r.l.

Allen & Overy advises on Santander Bank Polska S.A.'s debut issue of Eurobonds

25 Sep 2018

Allen & Overy advised Santander Bank Polska S.A. on the issue of its EUR 500,000,000 Eurobonds.

This was Santander Bank Polska S.A.'s first ever issue of Eurobonds. Santander acted as Sole Arranger of the Programme and Sole Bookrunner on the bond issuance. J.P. Morgan and PKO Bank Polski acted as Joint Lead Managers (no-books). The Eurobonds will be listed on Euronext Dublin.

BPCE in $2 Billion of Offerings

24 Sep 2018

Cleary Gottlieb represented BPCE in the offering of $750 million 4.000 percent senior non-preferred notes due 2023, $500 million senior non-preferred floating-rate notes due 2023, and $750 million 4.625 percent senior non-preferred notes due 2028 under BPCE’s U.S. medium-term notes program.

The transaction, which closed on September 12, 2018, was managed by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Natixis Securities Americas LLC, and Wells Fargo Securities, LLC for the Dealers.

InterXion’s €200 Million Senior Notes Offering

24 Sep 2018

Shearman & Sterling represented BAML, ABN AMRO, Barclays, Citigroup and Crédit Agricole on InterXion’s high yield “tap” offering of €200 million 4¾% senior notes due 2025.

InterXion, is headquartered in Amsterdam, and is a leading provider of carrier and cloud-neutral colocation data center services in Europe. It supports approximately 2,000 customers through 50 data centers in 11 countries.

Trowers advise Peabody on third bond issue

20 Sep 2018

Top 40 law firm Trowers & Hamlins advised Peabody Group on its recent £450 million bond, the Group's third bond issue in debt capital markets, attracting strong interest from investors.

£100m of the bonds have been retained for future sale with security for the total amount being provided upfront. This strategy provides added flexibility on sale timing in the future.

Partner Eleanor James and senior associate Simon Valner advised on banking aspects of the issue, with property charging work led by partner Melanie Comer.