Clifford Chance has advised Credit Suisse, Danareksa Sekuritas and UBS as joint global coordinators on the international aspects of the US$200 million (IDR 2.4 trillion) initial public offering and listing on the Indonesia Stock Exchange of PT Blue Bird Tbk, the Indonesian taxi operator. The company sold 376.5 million shares at US$0.68 (IDR 8,175) per share.
Allens has acted for the Municipal Association of Victoria in connection with the establishment of Australia's first municipal note program, the Local Government Funding Vehicle.
The inaugural $240 million medium term note issue under this innovative structure settled on 12 November 2014.
The bonds were issued by a special purpose trust which has made loans to 30 participating Victorian councils to fund municipal capital requirements.
Novartis Finance S.A. completed the placement of two EUR 600,000,000 Notes. The 2021 Notes were issued at 99.134% of its principal amount with a coupon of 0.750% and will mature on 9 November 2021 at its nominal value. The 2026 Notes were issued at 99.697% with a coupon of 1.625% and will mature on 9 November 2026 at its nominal value. Both Notes are guaranteed by Novartis AG. They are provisionally admitted to trading and expected to be listed on SIX Swiss Exchange Ltd.
AT&T Inc. announced the issuance of CHF 1,050,000,000 FATCA-compliant Bonds. Credit Suisse acted as sole lead manager. The bonds will be listed on the SIX Swiss Exchange.
Homburger acted as counsel to Credit Suisse. The Homburger team consisted of René Bösch (Partner, Financial Services) and Eduard De Zordi (Counsel, Financial Services).
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Arrow Global Group plc (Arrow Global) on the issue by Arrow Global Finance plc of EUR 225 million senior secured floating rate notes. The notes are governed by New York law and were offered to investors in the US under a private placement exemption under the US Securities Act as well as to investors outside the US. Goldman Sachs International acted as sole bookrunner and global coordinator for the issue, with The Royal Bank of Scotland plc and Lloyds Bank plc as co-managers.
Dr. Thorsten Kuthe, Partner at the Cologne office of commercial law firm Heuking Kühn Lüer Wojtek, led a team to legally advise Deutsche Oel und Gas group (DOG) on issuing a corporate bond.
The subscription period for the total of 100,000 partial debentures started on November 7, 2014 and is expected to end on January 15, 2015. Interest yield is 4.75 percent annually. The issuer aims at generating proceeds of EUR 100 million.
Freshfields Bruckhaus Deringer has advised on Yasar’s $250m bond issue. The Yasar group is one of Turkey’s leading producers of food and beverage products and coatings products.
The bond is a senior, unsecured, Rule 144A / Reg S issue, guaranteed by certain group operating companies, with an annual coupon of 8.875% and maturing in 2020. The bond has been rated B2 by Moody’s and B by Fitch and is listed on the Luxembourg Euro MTF Market.
Allen & Overy said today that the EUR500 million issuance of covered bonds by Raiffeisenbank a.s., which marks the first public international Czech covered bond issuance, represents a landmark moment for Czech issuers in the international capital markets.
The covered bonds are issued under the bank’s EUR5 billion covered bond programme, established in 2012, and listed on the Luxembourg Stock Exchange.
Linklaters LLP advised the joint bookrunners in connection with the issue by Arkema of its €700 million undated deeply subordinated notes bearing interest at a fixed rate of 4.75% per annum until 2020, then at a fixed rate calculated every five years on the basis of the 5-year swap rate.
Gernandt & Danielsson advises in Bayport’s issue of subordinated bonds with a value of SEK 650 million within a framework amount of SEK 800 million
Bayport Management Ltd has decided to issue Swedish subordinated bonds with a value of SEK 650 million. The issue is a private placement directed to Swedish and foreign institutional investors. The bonds are issued within a framework amount of SEK 800 million. The bond loan is Bayport’s fourth Swedish bond and will, as the previous bond loans, be listed on the Corporate Bond List at Nasdaq Stockholm.