Munich—Global law firm Dentons has acted as legal counsel to Volkswagen Financial Services (UK) Limited in relation to a £2 billion program for the issuance of asset backed notes by Driver UK Master S.A., Compartment 4. In this transaction, notes in an aggregate principal amount of £500 million have been issued.
Wolf Theiss advised in relation to the debut issue of an international bond by the Republic of Srpska, with the issue of up to EUR 200,000,000 4.75% Notes due 2023. The closing took place on June 28, the bonds are quoted on the Vienna Stock Exchange.
Claus Schneider, Partner, Vienna and Nevena Skocic, Associate, Belgrade, structured the transaction and quarterbacked the multi-jurisdictional Wolf Theiss capital markets team that worked on the transaction as sole legal advisor.
Slaughter and May advised Close Brothers Limited on the annual update and revision of its £2 billion Euro Medium Term Note programme (the Programme). The issuer under the Programme is Close Brothers Finance plc, and notes issued under the Programme are guaranteed by Close Brothers Limited. The dealers under the Programme are HSBC, Lloyds Bank Corporate Markets, NatWest Markets, Société Générale Corporate & Investment Banking and UBS Investment Bank.
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Beijing / Shanghai / Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it advised Golden Fortune Company Limited (as investor) and ICBC Asset Management (Global) Company Limited (as investment manager of the investor) on the investor’s US$75 million investment in Uxin’s convertible note financing.
Ashurst advised Santander Consumer Bank AG (Santander) on the securitisation of a portfolio of auto loans. The issuer, SC Germany Auto 2018-1 UG (haftungsbeschränkt), issues bonds with a total nominal value of €600 million backed by auto loan receivables. The receivables were sold by Santander. The bonds were placed by Banco Santander, S.A. (through its Santander Global Corporate Banking Division), UniCredit Bank AG and Société Générale S.A.
Slaughter and May advised BT Pension Scheme (“BTPS”) in connection with the subscription for £2bn of long dated Sterling denominated bonds issued by its sponsor, British Telecommunications plc (“BT”), under BT’s €20,000,000,000 Euro Medium Term Note Programme. The bonds are issued in six tranches, and £1bn of the bonds are fixed notes due between 2033 and 2042, and £1bn are CPI-linked notes due between 2033 and 2042.
Gide has acted as deal counsel in connection with the first issuance of bonds by QUARTUS, under a EuroPP format, for a total amount of EUR 75 million due in 2022.
The issuance, distributed to European institutional investors and private managers by Invest Securities, will enable the company to diversify its financial partners and to pursue its development plan.
Gide’s team was led by partner Hubert du Vignaux, with counsel Laurent Vincent and associate Mariléna Gryparis.
Invest Corporate Finance acted as financial adviser.
Clifford Chance advised BAML, Citi, HSBC, Itaú and JPMorgan, (i) as dealer managers and solicitation agents in connection with Frontera’s tender offer and consent solicitation to holders of its senior secured notes and (ii) as initial purchasers in connection with a Rule 144A/Regulation S offering of Frontera’s US$350 million aggregate principal amount of 9.700% senior notes due 2023.
London—Dentons has advised Citigroup Global Markets Limited, Goldman Sachs International, The Toronto-Dominion Bank and others as lead managers on the issue by Finnvera plc ("Finnvera") of US$1,000,000,000 3.000 per cent. Notes due 2023 guaranteed by the Republic of Finland pursuant to Finnvera's US$11,000,000,000 Euro Medium Term Note (EMTN) Programme. This transaction represents the fourth issuance by Finnvera since May 2017 on which Dentons has advised the lead managers, raising aggregate gross proceeds of over US$3,750,000,000.
Davis Polk advised The Royal Bank of Scotland Group plc (RBSG), a public limited company incorporated under the laws of Scotland, in connection with its SEC-registered shelf takedown of $1.25 billion aggregate principal amount of 4.519% Fixed Rate/Floating Rate Senior Notes due 2024 and $0.75 billion aggregate principal amount of Floating Rate Senior Notes due 2024.