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Banking & Finance - Capital Markets: Debt

White & Case Advises Republic of Indonesia on US$1.5 Billion Sukuk Issuance

23 Sep 2013

Abu Dhabi, Riyadh, September 19, 2013 ... Global law firm White & Case LLP has advised the Republic of Indonesia on the issuance of US$1.5 billion, 6.125 percent Trust Certificates due 2019.

"This is the largest single tranche US dollar international Sukuk offering by an Asian sovereign issuer and follows our work last year in advising the State of Qatar on its US$4 billion Sukuk issuance, which is the largest US dollar Sukuk issuance to date," said Abu Dhabi-based partner Shibeer Ahmed, who co-led the White & Case team which advised the Republic on the transaction.

White & Case Advises Underwiters on €1 Billion Tier 2 Subordinated Notes Issue by BPCE

23 Sep 2013

Paris, September 12, 2013 ... Global law firm White & Case LLP has advised Natixis as sole Bookrunner and Banco Bilbao Vizcaya Argentaria S.A., Barclays, Commerzbank and J.P. Morgan, together as Joint Lead Managers, on the issue by BPCE of its €1 billion, 4.625 percent subordinated notes due 2023.

Shearman & Sterling Advises on Macy’s Retail Holdings, Inc.’s $400 Million Notes Offering

22 Sep 2013

Shearman & Sterling represented the underwriters in connection with Macy’s Retail Holdings, Inc.’s public offering of $400 million aggregate principal amount of its 4.375% Senior Notes due 2023, guaranteed by Macy’s, Inc. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bancorp Investments, Inc., Wells Fargo Securities, LLC and Goldman, Sachs & Co. acted as joint bookrunning managers.

Milbank Represents Underwriters in $2.5B Notes Offering by Colombia’s Ecopetrol

22 Sep 2013

In one of the largest corporate bond offerings in Latin America of 2013, Milbank, Tweed, Hadley & McCloy LLP has represented underwriters in a $2.5 billion offering of senior notes issued by Colombia’s state-owned and primary oil and gas producer and exporter Ecopetrol S.A.

The notes were offered in three separate tranches bearing interest rates of 4.250% due 2018; 5.875% due 2023; and, 7.375% due 2043.  The underwriter group consisted of Bank of America Merrill Lynch and Morgan Stanley.

Norton Rose Fulbright advises on the Republic of Indonesia’s largest ever sukuk offering under the US$5 billion sukuk programme

20 Sep 2013

Global legal practice Norton Rose Fulbright has advised on the update and upsize of the Global Islamic Trust Certificate Programme by the Republic of Indonesia through Perusahaan Penerbit SBSN Indonesia III, a special purpose vehicle and the issuance of US$1.5 billion trust certificates under the programme, which is its second drawdown under the programme.

Reckitt Benckiser Group - issue by its subsidiary, Reckitt Benckiser Treasury Services, of its Senior Notes due 2018 and 2023

20 Sep 2013

Slaughter and May, as part of a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP as US counsel, is advising Reckitt Benckiser Group plc on the issue by its subsidiary, Reckitt Benckiser Treasury Services plc, of US$500,000,000 2.125% Senior Notes due 2018 and US$500,000,000 3.625% Senior Notes due 2023 (together, the  'Notes') fully and unconditionally guaranteed by Reckitt Benckiser Group plc.

Simpson Thacher Represents TD Bank in Debt Offerings Totaling $3.75 Billion

20 Sep 2013

Simpson Thacher represented the Toronto-Dominion Bank (“TD Bank”) in its offering of $2.5 billion Floating Rate Senior Medium-Term Notes due 2016, $500 million 1.500% Senior Medium-Term Notes due 2016 and $750 million 2.625% Senior Medium-Term Notes due 2018.

TD is the sixth largest bank in North America by branches. It serves approximately 22 million customers around the globe in four key businesses: Canadian Personal and Commercial Banking, Wealth and Insurance, U.S. Personal and Commercial Banking, and Wholesale Banking.