Slaughter and May, working as a team with Cravath, Swaine & Moore LLP and De Brauw Blackstone Westbroek, advised Royal Dutch Shell plc on the issue of a quintuple-tranche US$10 billion bond under its US shelf programme. The issue consists of US$2 billion 2.125% Fixed Rate Notes due 2020, US$2.75 billion 3.250% Fixed Rate Notes due 2025, US$1.5 billion 4.125% Fixed Rate Notes due 2035, US$3 billion 4.375% Fixed Rate Notes due 2045 and US$750 million Floating Rate Notes due 2020, in each case issued by Shell International Finance B.V. and guaranteed by Royal Dutch Shell plc.

Slaughter and May, working as part of an integrated team with Cravath, Swaine & Moore LLP, advised INEOS Finance plc on its offering of EUR770 million 4% senior secured notes. The proceeds of the offering were used to redeem in full INEOS Finance plc’s outstanding senior secured notes due 2020.

CONTACTS

Financing: Mark Dwyer (partner), Caroline Phillips (partner), Rebecca Nind (associate), Martin Byers (associate); Tax: Stefan Farahani (associate); Real Estate: Kate Foster (associate)

Allen & Overy said today that the GBP200 million Consumer Price Index (CPI) linked bond issue by Community Finance Company 1 plc on behalf of the Greater London Authority, which will be used to part-fund the extension of London Underground’s Northern Line to Battersea, highlights the growing interest from local government bodies in raising finance through the capital markets.

Simpson Thacher represented certain Blackstone investment funds and Alliance Automotive Finance plc, an affiliate of Alliance Automotive Group S.A.S. (“AAG”), in connection with a Rule 144A and Regulation S offering of €65 million aggregate principal amount of its existing 6.25% Senior Secured Notes due 2021. AAG is a leading supplier of auto spare parts and related technical know-how in France and the United Kingdom.

Paul Hastings LLP has announced that it advised Petra Diamonds on a $300 million high-yield bond offer, which closed today. Petra Diamonds is a rough diamond producer quoted with a premium listing on the Main Market of the London Stock Exchange and is a constituent of the FTSE 250.

The Paul Hastings team was led by London partner Peter Schwartz with associates Corey Blake, Noel Hughes and William Helmken on the capital markets aspects, partner Karl Clowry on the banking aspects, and partner Arun Birla and associate Jiten Tank on the tax aspects.

Gide has advised ACOFI Gestion, a portfolio management company, on setting up the securitisation mutual fund Predirec Innovation 2020.

This fund was registered on 28 April 2015.

It will be used to invest in tax research credit (CIR) receivables held by companies against the French State.

ACOFI Gestion is the Management Company. CACEIS Bank France is the Custodian.

Gide’s team comprised partner Gilles Saint Marc and associates David Aumain and Constance Bouchet.

Slaughter and May advised Abbey National Treasury Services plc and Santander UK plc in relation to the update and revision of its US$30 billion Euro Medium Term Note Programme. The notes are guaranteed by Santander UK plc. The dealers under the programme are Banco Santander, S.A., Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Goldman Sachs International, HSBC Bank plc, J.P. Morgan Securities plc, Merrill Lynch International, Mizuho International plc, Morgan Stanley & Co.

Travers Smith LLP has advised Bridgepoint, the leading European private equity group, in connection with the debt financing aspects of their acquisition of a majority stake in Nordic Cinema Group (NCG). Bridgepoint has acquired NCG from Ratos AB and Bonnier Holding in a transaction totalling SEK 4.7 billion (EUR 501.7 million).

Simmons & Simmons has advised DONG Energy A/S on its issuance of €600m Callable Subordinated Capital Securities due 3015.

The Simmons & Simmons team was led by capital markets partner Piers Summerfield, and managing associate Tony Geffin. UK tax advice was provided by partner Mark Sheiham and associate Laura Allwright.

Simpson Thacher recently represented the initial purchasers, led by Deutsche Bank, Goldman Sachs and HSBC, in an offering by a finance subsidiary of Moy Park Holdings (Europe) Limited, of £100 million aggregate principal amount of 6.25% Notes due 2021, which were offered as a further issuance of the issuer's £200 million aggregate principal amount of 6.25% Notes due 2021 that were originally issued on May 29, 2014. The Notes are unconditionally and irrevocably guaranteed by Moy Park Holdings (Europe) Limited and certain subsidiaries.