Global legal practice Norton Rose Fulbright has advised the Islamic Development Bank (IsDB) on its record issuance of US$1 billion 1.535 per cent Trust Certificates due 2018 (the Certificates) under its US$6.5 billion Trust Certificate Issuance Programme (the Programme).
DLA Piper has advised Rolta India Limited (Rolta) on the first Rule 144A/Regulation S high yield bond offering from India after the successful pricing of US$200 million of 10.75% Senior Notes in the international markets. The Notes will be listed on the Singapore Exchange Securities Trading Ltd. (SGX-ST).
Rolta India is a technology company based in India, with operations in 40 locations around the world. It has a significant focus on the defense industry and homeland security.
Watson, Farley & Williams Asia Practice LLP (“WFW”), a leading international law firm, is pleased to announce that it has advised Petrofac and SapuraKencana as sponsors in relation to a facility of US$300,000,000 for the re-financing of the floating production, storage and offloading facility named “FPSO Berantai”.
The FPSO Berantai is currently deployed in a marginal field in Malaysian waters with Petrofac Energy Developments Sdn Bhd as field operator.
Trowers & Hamlins has acted on significant student accommodation deal which will see the University of Hertfordshire add 3,000 high-specification units to its Colleage Lane campus in Hatfield.
The scheme, valued at £190m, will allow for the construction of 2,500 new on-campus student accommodation units, in addition to refurbishing 500 existing units. The accommodation will be developed, maintained and operated as part of a 50-year agreement which was uniquely financed using a £145m index-linked senior secured unwrapped bond.
Ashurst has advised financial investor Triton on the refinancing of senior and mezzanine loans and on the re-organisation of the subordinated liabilities of its portfolio company Stabilus. The refinancing was carried out by way of a high yield bond issue.
Ashurst advised Triton vis-à-vis its former lenders and its subordinated creditors.
London: Global legal practice Norton Rose Fulbright has advised Malaysia Airlines on its £302 million bond issue. The bond has been backed by Export Credits Guarantee Department (ECGD), the United Kingdom's Export Credit Agency (ECA).
The money raised through the bond issue has been used to refinance four Airbus A330-300s.
The Norton Rose Fulbright team was led by Malaysia Airlines relationship partner Keith Sandilands in the London aviation team. London-based Banking partner Farmida Bi advised on the capital aspects of the transaction.
A Travers Smith team led by banking partner Ben Davis, tax partner Simon Skinner and corporate partner Edmund Reed, has advised 1st Credit (Holdings) Limited, a leading UK debt purchase company, on the issue of £100m senior secured private placement notes due 2020 through J.P. Morgan and a £20m revolving credit facility with RBS. The seven year, non-call three, 11% bond is priced at par. The deal was covered by a mixture of UK, US and European based investors already familiar with the sector. 1st Credit is backed by Bridgepoint Advisers.
Global legal practice Norton Rose Fulbright has acted for Etisalat Nigeria on a US$1.2 billion equivalent medium term facility for Etisalat Nigeria, comprising a US$235,000,000 tranche and a Naira 149,575,000,000 tranche.
SJ Berwin advised the group Elior catering through the establishment of a securitization program of trade receivables up to a maximum of EUR 300 million concluded on 29 May 2013, and arranged including Crédit Agricole CIB, HSBC and Rabobank.
This new program has also helped to refinance the existing securitization program established in 2006 by Elior a maximum amount of € 200 million.
SJ Berwin:
Slaughter and May advised the Hong Kong Monetary Authority on the third issuance under the Hong Kong Government's retail bond issuance programme comprising up to HK$10 billion in principal amount of inflation-linked 'iBonds' due 2016.