Davis Polk advised underwriters represented by Goldman Sachs International, HSBC Securities (USA) Inc., Mizuho International plc and RBC Capital Markets, LLC in connection with the offering of $1 billion aggregate principal amount of 0.625% U.S. dollar bonds due 2016, issued by Export Development Canada.

Export Development Canada, a crown corporation of Canada, provides financing, insurance and bonding solutions to Canadian companies that export goods and services or invest in other countries. The bonds carry the full faith and credit of Canada. 

International law firm Pinsent Masons has advised the London School of Economics and Political Science (LSE) on a £125 million bond issue to assist LSE in its campus development.

The London School of Economics and Political Science is the world’s foremost university institution specifically focussed on social science, and this year ranked number 3 in all three main UK university rankings.

The Pinsent Masons team advising on the deal was led by banking partner Edward Sunderland, assisted by tax partner Eloise Walker, and senior associates Esther Parkes and Gayle Ditchburn.

Slaughter and May has advised International Personal Finance plc (IPF) on the public offer and issue of £31.5 million 6.125% retail denominated notes to be consolidated and form a single series with the existing £70 million 6.125% notes issued in April 2013 under its EUR 1 billion euro medium term note programme. The notes have been admitted to trading on the main market of the London Stock Exchange (the LSE) and are tradeable on the LSE's electronic Order Book for Retail Bonds.

Davis Polk advised Barclays Capital Inc. and Wells Fargo Securities, LLC as joint book-running managers and representatives of the underwriters on a public offering by Laboratory Corporation of America Holdings (LabCorp) of $400 million aggregate principal amount of 2.5% senior notes due 2018 and $300 million aggregate principal amount of 4% senior notes due 2023.

Slaughter and May advised Standard Chartered PLC on its issue of EUR1,250,000,000 1.625% Senior Fixed Rate Notes due 2018 under its US$57,500,000,000 Debt Issuance Programme. Crédit Agricole CIB, Deutsche Bank, Goldman Sachs International, J.P. Morgan Cazenove and Standard Chartered Bank acted as joint lead managers.

CONTACTS

Capital Markets: Nilufer von Bismarck (partner), Andrew Chaplin (associate)

Davis Polk advised Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, BNP Paribas Securities Corp. and RBS Securities Inc. as joint book-running managers and representatives of the underwriters on an SEC-registered public debt offering by Bristol-Myers Squibb Company of $500 million principal amount of its 1.750% notes due 2019, $500 million principal amount of its 3.250% notes due 2023 and $500 million principal amount of its 4.500% notes due 2044.

Slaughter and May, working as a team with Uría Menéndez, advised CaixaBank, S.A. on its issue of EUR 594.3 million 4.50% unsecured bonds due 2016 exchangeable for ordinary shares of Repsol S.A., with an Issuer cash settlement option.

Morgan Stanley & Co. International plc and Citigroup Global Markets Limited acted as Joint Bookrunners. Application will be made for the bonds to be admitted to listing on the official list of the Irish Stock Exchange and admitted to trading on the regulated market of the Irish Stock Exchange.

CONTACTS

Clifford Chance has advised Bank of America Merrill Lynch, Bayerische Landesbank, Commerzbank and UBS Investment Bank as joint bookrunners on the EUR 600 million inaugural bond issue of Telefónica Deutschland Finanzierungs GmbH. The bond is guaranteed by Telefónica Deutschland Holding AG. The bond has a term of five years and pays a 1.875 coupon.

Under its brand name O2 Telefónica Deutschland sells mobile telecommunication products, mobile data services, DSL fixed network telephony and high-speed internet services to its customers in Germany.

Cravath represented Lazard in connection with its US$500 million registered offering of senior notes due 2020. Lazard is one of the world’s preeminent financial advisory and asset management firms.

In addition, Cravath represented Lazard in connection with its related debt tender offer.

Cravath represented the initial purchasers, Citigroup, BofA Merrill Lynch, Morgan Stanley, Credit Suisse, Jefferies, and J.P. Morgan Securities, in connection with the US$640 million 144A/Reg. S high-yield senior debt offering of Level 3 Financing, Inc., guaranteed by Level 3 Communications, Inc., a facilities-based provider of a broad range of integrated communications systems.

The Cravath team included partner Andrew J. Pitts and associates Isaac C. Beerman and Eric M. Wasserstrum. Juliana Lacreta Gobbi and Michael W. Young also worked on this matter.