Allen & Overy LLP advised quirin bank AG as lead manager on the placement of a bond issued by Grand City Properties S.A. with a volume of EUR 100 million and a seven-year term.
The coupon was fixed at 6.25% in the context of an accelerated book-building process. The bond was placed with institutional investors outside the United States, Canada, Australia and Japan.
Field Fisher Waterhouse advised Ceramic Fuel Cells Limited, a company listed on the London Stock Exchange AIM market and the Australian Securities Exchange (ASX), on a £5 million fundraising. The fundraising comprised the issuing of secured convertible loan notes for £4.3 million and £0.7 million raised by way of subscription for new ordinary shares.
Slaughter and May advised Standard Chartered PLC on its issue of CNY1 billion 2.625% Fixed Rate Notes due 2016 (the 'Notes') under its US$50 billion Debt Issuance Programme. The Notes are the first offshore Renminbi bonds to be issued, cleared and settled in Singapore. The Notes are listed on the Singapore Exchange (SGX-ST), cleared via The Central Depository (Pte) Limited and settled through ICBC Singapore.
Standard Chartered Bank acted as the sole lead manager and ICBC Asia, Maybank Kim Eng Securities Pte. Ltd and United Overseas Bank Limited acted as co-managers.
Hogan Lovells has advised Isodev, a new quasi-equity player in France, on the negotiation of a new guarantee for participating loans (prêts participatifs) in France, granted by the European Investment Fund (EIF) as a part of its Competitiveness and Innovation Programme (CIP).
The Birmingham office of global legal practice Squire Sanders has recently advised on two major refinancings for hotel chain Jurys Inn and Midlands developer IM Properties.
Irish hotel chain Jurys Inn has completed a financial restructuring that has written down some previous loans and introduced new equity of £120 million and put the company in a position to expand further.
International law firm Simmons & Simmons acted as transaction counsel in relation to an Italian securitisation transaction, collateralised by receivables arising from loans to be reimbursed through salary and/or pension assignment granted by Pitagora S.p.A., as Originator, to its clients.
Slaughter and May advised Holmes Master Issuer plc in respect of the issue of US$750 million and £600 million 2013-1 Notes in three different classes under its Residential Mortgage-Backed Note Issuance Programme. The Notes were awarded the Prime Collateralised Securities Label by the recently established PCS Secretariat. Slaughter and May also advised Santander UK plc in its capacity as sponsor, seller, servicer, cash manager and originator under the Programme.
Herbert Smith Freehills has advised the joint bookrunners and lead managers on the S$350 million fixed rate bond offering by TML Holdings Pte. Ltd., the Singapore incorporated wholly-owned subsidiary of Tata Motors and the holding company of Jaguar Land Rover PLC. This offering represented the first bond offering by the Tata Motors group on the Singapore Stock Exchange and the largest ever unrated Singapore dollar bond by an Indian corporate.
International law firm Freshfields Bruckhaus Deringer has advised LRG group in relation to a £585m refinancing of existing debt. It is one of the largest hotel refinancings in Europe for several years.
LRG is a joint venture formed by sovereign wealth fund GIC, wholly-owned by the Government of Singapore, Silverpeak Real Estate Partners (formerly Lehman Brothers Real Estate Partners) and Realstar, one of Canada’s leading privately-owned real estate investment and management companies.
Wragge & Co's Banking and Finance team has advised Pension Insurance Corporation (PIC), a specialist provider of insurance solutions for defined benefit pension funds, and a large UK institutional investor on a £60 million solar bond purchase – the UK's largest solar bond deal.