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Banking & Finance - Capital Markets: Debt

Linklaters advises the Joint Lead Managers on Gemalto N.V.’s inaugural issue of EUR 400,000,000 Eurobonds

06 Oct 2014

Linklaters has advised the Joint Lead Managers: BNP Paribas, Citigroup Global Markets Limited and Natixis on a 400 million euro bond issuance by Gemalto N.V. The bonds, which are listed on the Luxembourg Stock Exchange, represented the first issuance by the company, which specialises in digital security.

The Linklaters Paris Capital Markets team consisted of Veronique Delaittre (partner), Jeremy Grant (counsel) and Alexander Tollast (trainee).

Paul Hastings Advises SFX Entertainment, Inc. in Connection With Offering of Additional Second Lien Senior Secured Notes

02 Oct 2014

Paul Hastings LLP, a leading global law firm, represented SFX Entertainment, Inc. (the “Company”), the largest global producer of live events and digital entertainment content focused exclusively on the electronic music culture and other world-class festivals, in connection with its Rule 144A/Reg S offering of $65 million of additional 9.625% second lien senior secured notes due 2019 (the “Notes”) and a concurrent $10 million private placement of Notes to an entity controlled by Robert F.X.

Norton Rose Fulbright advises the Islamic Development Bank on a further US$1.5 billion drawdown under its US$10 billion Sukuk programme

01 Oct 2014

Norton Rose Fulbright has advised the Islamic Development Bank (IsDB) on its US$1.5 billion 2.111 per cent Trust Certificates due 2019 (the Certificates) issued under its US$10 billion Trust Certificate Issuance Programme (the Programme). This follows on from an earlier US$1.5 billion drawdown in March 2014.

Simpson Thacher Represents CBRE in $300 Million Senior Notes Offering

01 Oct 2014

Simpson Thacher recently represented CBRE Group, Inc. in connection with the offering of $300 million aggregate principal amount of 5.25% Senior Notes due 2025 (the “Notes”).  The Notes were issued by CBRE Services, Inc., a wholly-owned subsidiary of CBRE Group, Inc., and are guaranteed by CBRE Group, Inc. and the subsidiaries that guarantee its senior secured credit facility.  The Notes are being offered pursuant to an effective shelf registration statement that CBRE Group, Inc.

Ashurst advises Bank of Tokyo-Mitsubishi on A$600m TCD trade

30 Sep 2014

Ashurst has advised Bank of Tokyo-Mitsubishi (BTMU) on a A$600 million transferable certificates of deposit (TCD) trade as part of the update of its A$3 billion TCD programme.

On 18 September 2014, BTMU Sydney issued a second series of four-year A$600m floating rate TCDs priced at 83 basis points over three-month BBSW (the previous trade of four-year TCDs in March 2014 was priced at +95 basis points).  The TCDs are rated Aa3 by Moody's and A+ by S&P's.  Morgan Stanley, MUSI, ANZ, NAB and Westpac were the Joint Lead Managers for the trade.

Hogan Lovells Advises on £1.2Bn Automotive Securitisation for Volkswagen Financial Services

29 Sep 2014

Hogan Lovells has advised Volkswagen Financial Services (VWFS) on its first public securitisation of UK automotive receivables since 2008.  The transaction, which closed on 25 September, marks the highest-volume automotive ABS transaction to be completed in Sterling, with the Class A Notes and Class B Notes totaling approximately £1.2billion.

Following advice to VWFS on a number of their German securitisations Hogan Lovells were appointed to act for them on this matter.

Ashurst advises Goldman Sachs International and Joint Lead Managers on US$500 million Sukuk-issue

26 Sep 2014

Ashurst has advised Goldman Sachs International as arranger and Abu Dhabi Islamic Bank PJSC, Emirates NBD Capital, NCB Capital, QInvest, Goldman Sachs International and the National Bank of Abu Dhabi as joint lead managers and bookrunners and Mashreqbank PSC as co-manager on the issuance of a US$500 million Sukuk.

Republic of South Africa issues first international sukuk from Africa

26 Sep 2014

Allen & Overy has advised on the Republic of South Africa's inaugural sukuk issue, the first international sukuk issuance from Africa.

The sukuk was issued through ZAR Sovereign Capital Fund Proprietary Limited (acting as trustee of The RSA Sukuk No. 1 Trust) with an aggregate face amount of USD500 million, having a 5.75 year tenor and a fixed rate profit payment of 3.90 per cent. per annum.

Mayer Brown advises BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets on €825 million auto loan securitisation

26 Sep 2014

Mayer Brown has acted for BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets as Joint Lead Managers in the EUR 825 million (equivalent) Norwegian auto loan securitisation issued by Bilkreditt 6 Limited.