Slaughter and May, London and Hong Kong, advised Standard Chartered on the annual update of its US$57.5 billion debt issuance programme, under which Standard Chartered PLC, Standard Chartered Bank and Standard Chartered Bank (Hong Kong) Limited have the ability to issue notes to be listed and traded on the London and Hong Kong Stock Exchanges.
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Global legal practice Norton Rose Fulbright has advised National Australia Bank (NAB), Royal Bank of Scotland (RBS) and Santander on the refinancing of onshore wind energy assets in the UK owned and operated by Infinis, one of the UK's leading generators of renewable power.
The refinancing was structured by NAB and includes facilities of approximately £330 million and relates to 16 operational renewable energy projects comprising over 270 megawatts of total installed capacity.
Ashurst is advising Terra Firma-backed, Infinis, the UK-based independent generator of renewable power, on the refinancing of its 274MW portfolio of wind farms, with a £296 million senior secured term loan facility and ancillary facilities of approximately £33.5 million.
The proceeds of the senior facility will be used to refinance project finance facilities secured against 14 of Infinis's portfolio of 16 operating onshore wind farms.
Abu Dhabi, UAE—Dentons is pleased to announce that it has advised Standard Chartered Bank and a syndicate of banks in relation to a US$300 million syndicated facility to Stanford Asia Holding Company.
The five-year syndicated facility was arranged by Standard Chartered Bank, Emirates NBD, Mubadala GE Capital PJSC, Noor Islamic Bank PJSC, Abu Dhabi Commercial Bank PJSC, Barwa Bank and Mashreqbank PSC.
Slaughter and May advised Santander Consumer Finance Oy (SCF) as originator and Santander Global Banking & Markets (SGBM) as arranger in relation to the first ever publicly offered Finnish auto loan ABS transaction.
The transaction involved the issuance of EUR 439,000,000 fixed rate Class A notes (the "Class A Notes"), EUR 48,800,000 fixed rate Class B notes (the "Class B Notes") and EUR 25,555,000 fixed rate Class C notes (the "Class C Notes"), in each case due 2021.
Bahrain, 3 October 2013 – Baker & McKenzie acted for Almarai Company in respect of their inaugural hybrid sukuk issuance for an amount of SR 1.7 billion (US$ 453.2 million) which successfully closed on 30 September 2013. This was the first hybrid sukuk issuance to have originated from the Saudi market and the first hybrid sukuk to have been undertaken by a non-bank corporate in the Gulf region.
London, UK/Brussels, Belgium – Leading global law firm Baker & McKenzie has advised multi-metals business Nyrstar NV on its offering of senior, unsecured convertible bonds, due 2018, for a principal amount of EUR 120 million. The bonds were placed through an accelerated bookbuilt placement with institutional investors, and an application will be made to admit the bonds to trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange.
The Firm represented the underwriters led by J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with a registered offering by Ralph Lauren Corporation of an aggregate of $300 million principal amount of 2.125% senior notes due 2018.
Hong Kong, Dubai: Leading international law firm Clifford Chance has advised Export-Import Bank of Malaysia Berhad (MEXIM), on the international law aspects regarding the establishment of its US$1 billion multicurrency sukuk programme. The programme was arranged by BNP Paribas, CIMB, HSBC and Maybank. The sukuk programme is based on the Islamic principle of wakala.
Shearman & Sterling represented Banco Nacional de Desenvolvimento Econômico e Social (BNDES), Brazil’s national bank for economic and social development and the primary domestic source of long-term financing in the Brazilian economy, in connection with its offering of US$1,250,000,000 3.375% Notes due 2016 and US$1,250,000,000 5.750% Notes due 2023, to be listed on the Luxembourg Stock Exchange. Deutsche Bank Securities, Inc., Itau BBA USA Securities, Inc. and J.P. Morgan Securities LLC acted as joint lead managers.