A&O advised Intralot on its offering of EUR500m 5.250% senior notes due 2024.

HONG KONG – Allen & Overy has advised Morgan Stanley as the mandated lead arranger of the senior bonds on a bespoke real estate bond financing for a consortium of buyers through its special purpose vehicle, C.H.M.T. Peaceful Development Asia Property Limited. Proceeds of the bonds funded the landmark acquisition of The Center, one of Hong Kong’s prime commercial buildings located in the city’s business district.

HONG KONG – Allen & Overy has advised Morgan Stanley as the mandated lead arranger of the senior bonds on a bespoke real estate bond financing for a consortium of buyers through its special purpose vehicle, C.H.M.T. Peaceful Development Asia Property Limited. Proceeds of the bonds funded the landmark acquisition of The Center, one of Hong Kong’s prime commercial buildings located in the city’s business district.

A&O advised Empark on its offering of EUR350m 2.875% senior secured notes due 2024 and EUR125m senior secured floating rate notes due 2023.

Leading international law firm Clifford Chance advised Hanwha Life Insurance Co., Ltd. on its issuance of US$1 billion 4.7000% Subordinated Capital Securities. This transaction represents a new record for the 144A/Reg S hybrid security offering by Korean financial companies since the financial crisis in Korea. Hanwha Life is one of the leading life insurance companies in Korea, with an extensive distribution network internationally.

Leading pharmaceutical wholesaler Lexon has refinanced its existing bank facilities and announced the acquisition of a chain of retail pharmacies.

The company, which has a turnover of over £200m, purchased Vittoria Healthcare, which has 11 pharmacies on the Wirral and in North Wales.

Global law firm Norton Rose Fulbright has advised The Republic of Angola on its second international bond issuance totalling US$3 billion, constituting one of the largest sovereign bonds ever issued in Sub-Saharan Africa.

The transaction entailed the issuance of US$1.75 billion 10-year bonds with a coupon of 8.25 per cent, and US$1.25 billion 30-year bonds with a coupon of 9.375 per cent, which have been admitted to trading on the regulated market of the London Stock Exchange.

Peter Young, debt capital markets partner, Norton Rose Fulbright, comments:

Metinvest, the vertically integrated steel and mining group of companies, has completed the refinancing of its US$2,271 million of debt, consisting of the issuance of two tranches of bonds and the amendment and restatement of its pre-export finance (PXF) facility.

Slaughter and May advised Rolls-Royce plc on its issuance of €550,000,000 0.875% notes due 2024 and €550,000,000 1.625% notes due 2028 (the Notes). The Notes are guaranteed by Rolls-Royce Holdings plc and have been issued under Rolls-Royce’s £4,000,000,000 Euro Medium Term Note Programme.

Contacts

Edward Fife (partner), Saffiya Haddad (associate)

Herbert Smith Freehills has advised the Joint Lead Managers of Macquarie Group Limited’s (MGL) offer of Macquarie Group Capital Notes 3 (MCN3). MCN3 are fully paid, unsecured, subordinated, non-cumulative, mandatorily convertible notes issued by MGL, and are being offered at an issue price of A$100 per MCN3.

The offer is intended to raise A$600 million, with the ability to raise more or less.