Baker & McKenzie successfully advised the International Bank of Azerbaijan on its debut Eurobond offering to be listed on a European stock exchange. This is the biggest Eurobond issuance in the history of the Azerbaijani banking system.
 
"The International Bank of Azerbaijan is very happy with this result and the work of its legal advisers on our debut Eurobond issue. We sincerely appreciate Baker & McKenzie's prompt assistance throughout the whole duration of the project," said Emil Mustafayev, first deputy chairman of the IBA.
 

Slaughter and May advised Fosse Master Issuer plc in respect of the issue of US$850 million and £500 million 2014-1 Notes in two different classes under its Residential Mortgage-Backed Note Issuance Programme. The Notes were awarded the Prime Collateralised Securities Label by the PCS Secretariat.

Slaughter and May also advised Santander UK plc in its capacity as sponsor, seller, servicer, cash manager and originator under the Programme.

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Linklaters has advised the Frankfurt branch of China Construction Bank Corporation (CCB) on the successful issuance of its first offshore renminbi bonds. The Chinese currency bonds are listed on the Regulated Market of the Frankfurt Stock Exchange. The clearing is carried out by Clearstream Banking Frankfurt. The transaction was oversubscribed several times.

Freshfields Bruckhaus Deringer, has advised Ryanair on its debut €850m bond issue under its newly established €3bn medium term programme.

The new bond is senior, unsecured, has an annual coupon of 1.875% and matures in 2021. The proceeds of the €850m bond will be used for general corporate purposes.

Shearman & Sterling represented Barclays Capital Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC as joint bookrunning managers and Lloyds Securities Inc. and SMBC Nikko Securities America, Inc. as co-managers in connection with Ford Motor Credit Company LLC’s offering of $650,000,000 aggregate principal amount of its Floating Rate Notes due March 12, 2019 and $1,100,000,000 aggregate principal amount of its 2.375% Notes due March 12, 2019.

Simpson Thacher represented the underwriters Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC in the recent public offering of $550 million aggregate principal amount of 4.00% Senior Notes Due 2017 and $770 million aggregate principal amount of 5.00% Senior Notes Due 2019 issued by iStar Financial Inc.
 

Global law firm White & Case LLP has advised Banca Farmafactoring S.p.A. on its euro private placement of €300 million, 2.75 percent notes due 2017 to qualified investors outside the United States.

The notes were listed on the Irish Stock Exchange on June 12, 2014. Banca Farmafactoring is the leading provider of credit management services to suppliers to the Italian public healthcare system, the Servizio Sanitario Nazionale.

Norton Rose Fulbright has advised VEDES AG, a leading trade organisation for toys and games in Europe, on the issuance of their corporate bond in the amount of €20 million. The bond has a maturity of five years with an annual interest rate of 7.125 percent.

The subscription period, which was originally scheduled until 20 June 2014, was terminated prematurely on 10 June (the first subscription day) due to the high demand by institutional and private investors and the resulting significant over-subscription.

Simpson Thacher represented the initial purchasers, led by joint book-running managers, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the sale of an aggregate principal amount of $350 million 5.000% Senior Notes due 2022 by Group 1 Automotive, Inc.

Mayer Brown, a leading global law firm, advised New Gulf Resources, LLC, an Oklahoma-based oil & gas exploration and production company, on concurrent private high-yield notes offerings of $365 million 11.75% senior secured notes due 2019 and $135 million subordinated payment-in-kind (PIK) toggle notes due 2019 with warrants. New Gulf Resources used the proceeds of the high yield bonds to acquire more than 80,000 acres of oil & gas properties in Texas. Global Hunter Securities and The Seaport Group acted as the placement agents in the offering.