Allen & Overy has advised Deutsche Annington Immobilien SE on the issue of a bond with a volume of EUR 500 million. The notes have a term of 8 years and bear interest at a rate of 2.125% per annum. The notes were issued under the issuer's recently updated issue programme and placed via Dutch subsidiary Deutsche Annington Finance B.V.

The notes are listed on the regulated market of the Luxembourg Stock Exchange. Commerzbank, J.P. Morgan, Société Générale and UniCredit acted as joint bookrunners.

Clifford Chance has advised Accor on an issue of perpetual hybrid bonds in an amount of €900 million. The securities have no maturity date, but are first callable as from June 30, 2020. They will pay a return of 4.125% until that date, with the rate reset every 5 years thereafter.

The securities will rank junior to all senior debt and, in accordance with IFRS they will be recognized as equity. They will be assigned "intermediate" equity content by S&P and Fitch, i.e., 50% of the securities will be recognized as equity.

Norton Rose Fulbright has advised Albaraka Turk Katilim Bankasi A.S. on their issuance of US$350 million Certificates due 2019.

The Sukuk, while backed by the credit of Albaraka Turk as obligor, was issued by Bereket Varlik Kiralama A.S. an asset leasing corporation established in Turkey pursuant to the Lease Certificate Communiqué in Turkey. The Sukuk represents Albaraka Turk’s second international Sukuk issuance following the issuance of their Tier 2 Sukuk in 2013, on which Norton Rose Fulbright also advised.

Slaughter and May advised Agrokor d.d. (Agrokor) on its acquisition of a majority stake of the Slovenian retail chain Poslovni sistem Mercator, d.d. (Mercator); this acquisition has, in turn, triggered a mandatory takeover process in Slovenia. Completion of the initial acquisition occurred on 27 June 2014 and Agrokor announced its intention to make a mandatory takeover offer on 2 July 2014.

Ashurst has advised Xcite Energy Limited ("Xcite Energy") on its US$135 million senior secured bond issue issued by its 100% UK subsidiary Xcite Energy Resources Limited ("XER") and a placement of shares in Xcite Energy.

The Ashurst team on the bond was led by structured oil and gas financing partner Huw Thomas, supported by consultant Stephen Edlmann and aassociates Alex Bartho, Hugh Nolan and Letitia Bryan

On the equity element, the Ashurst team was led by partner Nicholas Williamson, supported by associate Deena McCabe.

Ashurst has advised Credit Agricole Corporate and Investment Bank ("CA-CIB") on a pioneering credit-risk transfer transaction by which the International Finance Corporation ("IFC"), a member of the World Bank Group, will provide credit-risk protection on the bank's $2 billion portfolio of emerging markets-related assets.

Slaughter and May advised Close Brothers Limited, the banking division of Close Brothers Group plc, on the issue of £300 million 3.875% senior unsecured bonds due 2021 from the Close Brothers Finance plc £1 billion Euro Medium Term Note programme. The bonds are listed and traded on the Regulated Market of the London Stock Exchange and guaranteed by Close Brothers Limited.

The Royal Bank of Scotland plc, HSBC Bank plc and Lloyds Bank plc acted as Joint Lead Managers.

CONTACTS

Financing: Miranda Leung (partner), Hector Kociak (associate)

Slaughter and May advised Legal & General Group Plc on its issuance of £600 million Fixed Rate Reset Subordinated Notes due 2064 pursuant to its £3 billion Euro Note Programme. The Notes bear interest at the rate of 5.50% per annum until 27 June 2044. On such date and thereafter on each reset date, the interest rate shall be reset by reference to a reference bond rate.

The Royal Bank of Scotland acted as structuring adviser and Barclays, Citigroup, HSBC and The Royal Bank of Scotland acted as joint lead managers.

CONTACTS

Slaughter and May advised Legal & General on the annual update and amendment of its £3 billion Euro Note Programme. Under the Programme, Legal & General Group Plc have the ability to issue senior or subordinated Notes and Legal & General Finance PLC may issue senior Notes guaranteed by Legal & General Group Plc, in each case to be listed and traded on the Main Market of the London Stock Exchange.

Hogan Lovells has advised Santander Global Banking & Markets and Citibank International plc as Arrangers and Joint Lead Managers in relation to a PLN 1,367 million Polish auto loan securitisation which closed on 27 June. This marks the first securitisation of Polish auto loan receivables by Santander Consumer Bank S.A.
Both the Class A Notes and Class B Notes are rated by Fitch and Moody's, offered in Polish zloty; and listed on the Irish Stock Exchange. The Class A Notes may also be listed on the Warsaw Stock Exchange.