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Banking & Finance - Capital Markets: Debt

Paul Hastings Advises Gemdale on Guaranteed Bonds Issuance

13 Mar 2014

Paul Hastings, a leading global law firm, announced today that it advised Gemdale (Asia) Investment Limited (“Gemdale”), a wholly-owned subsidiary of Famous Commercial Limited (“Famous”), on its issuance of RMB1,050 million guaranteed bonds (“Bonds”), due 2017. Standard Chartered Bank (Hong Kong) Limited, CICC HK Securities, Credit Suisse, DBS Bank Ltd., Deutsche Bank, The Hongkong and Shanghai Banking Corporation, and Industrial and Commercial Bank of China (Asia) Limited acted as the underwriters.

Rogers Communications Inc.'s Registered Senior Debt Offering

13 Mar 2014

Cravath represented Rogers Communications Inc. in connection with its US$750.0 million registered senior debt offering. Rogers Communications Inc. is Canada’s largest provider of wireless voice and data communications services and one of Canada’s leading providers of cable television, high-speed internet and telephony services. The transaction closed on March 10, 2014.

The Cravath team included partners Joseph D. Zavaglia and Erik R. Tavzel.

Irwin Mitchell Advises On Augean's £15m Refinance

12 Mar 2014

Wetherby-headquartered waste management group Augean has today completed a £15 million refinancing, backed by HSBC’s Yorkshire Corporate team in Leeds and advised on by law firm Irwin Mitchell.

The increased level of funding enables Augean to drive organic growth by expanding their range of services and capabilities targeted at the oil and gas industry, as well as nuclear waste market. The deal was led on behalf of HSBC by Senior Corporate Banking Manager Wayne Shadlock.

Shearman & Sterling Advises Jaguar Land Rover on its First Tender Offers

12 Mar 2014

Shearman & Sterling has advised Jaguar Land Rover Automotive plc on the tender offers for its £500 million Notes due 2018 (the “Sterling Tender Offer”) and $410 million Notes due 2018 (the “Dollar Tender Offer”), which were among the first high yield bonds issued by the company as part of its £1 billion equivalent fixed rate high yield bond offering in May 2011.

Mayer Brown represents initial purchasers on $250 million high yield note offering by Oshkosh Corporation

12 Mar 2014

Mayer Brown, a leading global law firm, represented J.P. Morgan Securities LLC and the several initial purchasers in connection with the offering and issuance by Oshkosh Corporation of $250 million aggregate principal amount of its 5.375% senior notes due 2022. Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies.

Latham & Watkins Advises on Two Philippine Bond Deals

12 Mar 2014

Latham & Watkins advised Melco Crown Entertainment Limited on a PHP15 billion (approximately US$330 million) senior notes issuance by its subsidiary, MCE Leisure (Philippines) Corporation, in relation to the development of the Melco Crown Entertainment group’s Philippine casino business. The senior notes, issued on January 24, 2014, were issued under a notes facility agreement structure which has been locally developed and is unique to the Philippines. Melco Crown Entertainment provided a New York law governed parent guarantee for the senior notes.

Norton Rose Fulbright advises ING Belgium on first covered bond programme

11 Mar 2014

The London office of global legal practice Norton Rose Fulbright has advised ING Belgium on the establishment of a €10 billion Residential Mortgage Pandbrieven programme. The programme is ING Belgium’s first covered bond programme.

The programme is designed to be UCITS and CRD compliant and is listed on NYSE Brussels. The bonds issued will be collateralised, or “covered”, by a portfolio of Belgian residential mortgages.

Freshfields advises CITIC Bank on inaugural offshore bond issue

10 Mar 2014

Freshfields Bruckhaus Deringer has advised China CITIC Bank Corporation Limited (CITIC) on its RMB1,500,000,000 (US$245m) inaugural offshore bond issue.

The 4.125% bonds will reach maturity in 2017.

CITIC, one of China’s largest state-owned banks, will use the bond for general corporate purposes.

The Freshfields team was led by Hong Kong finance partner Andrew Heathcote, Beijing corporate partner Richard Wang and Hong Kong finance counsel Bing Guan.

INEOS Group Holdings S.A. - offering of EUR 600 million and US$590 million senior notes

03 Mar 2014

Slaughter and May, working with Cravath, Swaine & Moore LLP, advised INEOS Group Holdings S.A. on its offering of EUR 600 million senior notes and US$590 million senior notes, each due 2019. The proceeds of the notes were applied towards the full redemption of all its senior notes due 2016.

Slaughter and May also advised INEOS Finance plc and INEOS US Finance LLC in connection with the repricing of certain of their existing term facilities and on certain technical amendments made to the terms of the credit agreement constituting those term facilities.

Unilever - on the issue of RMB Notes

21 Feb 2014

Slaughter and May, London and Hong Kong, is advising Unilever on the issue by Unilever N.V. of RMB 300 million 2.95% Fixed Rate Notes due 2017. The Notes are to be issued on 27 February 2014 and are guaranteed by Unilever PLC and Unilever United States, Inc. The Joint Lead Managers to the issue are HSBC and UBS.
 
De Brauw Blackstone Westbroek advised Unilever on Dutch law aspects and Cravath, Swaine & Moore LLP advised on US law aspects.

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