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Banking & Finance - Capital Markets: Debt

Mayer Brown advises Joint Lead Managers and Bookrunners on landmark US$ 2.5 billion Sri Lanka sovereign bond offering

08 May 2018

Mayer Brown advised the Joint Lead Managers and Bookrunners on the Democratic Socialist Republic of Sri Lanka’s offering of new senior unsecured fixed rate notes, comprising of US$1.25 billion 5.75% notes due 2023 and US$1.25 billion 6.75% notes due 2028. The Joint Lead Managers and Bookrunners were Citigroup, Deutsche Bank, HSBC, J.P. Morgan and Standard Chartered Bank. This was Sri Lanka’s largest offshore bond offering to date, and mark Sri Lanka’s twelfth US dollar benchmark offering in the international bond markets since 2007.

White & Case Advises on US$1.15 Billion Senior Secured Bond Issuance and Establishment of US$1.1 Billion Senior Credit Facilities for OCI N.V.

04 May 2018

Global law firm White & Case LLP has advised J.P. Morgan, HSBC and Barclays, as global coordinators, and Merrill Lynch International, BNP Paribas, Citigroup, Crédit Agricole, Goldman Sachs, Rabobank and Société Générale, as joint bookrunners, on the Rule 144A/Regulation S debut offering of $1.15 billion (equivalent) senior secured notes due 2023 by OCI N.V.

Davis Polk Advises CNOOC Limited on Its $1.45 Billion SEC-Registered Guaranteed Notes Offering

04 May 2018

Davis Polk advised CNOOC Limited as to U.S. and Hong Kong law in connection with the SEC-registered offering of guaranteed notes by CNOOC Finance (2015) U.S.A. LLC, a wholly owned subsidiary of CNOOC Limited, of its $1 billion 4.375% guaranteed notes due 2028 and $450 million 3.750% guaranteed notes due 2023, for a combined aggregate principal amount of $1.45 billion. The notes were listed on the Hong Kong Stock Exchange.

Norton Rose Fulbright advises ADLER Real Estate AG on yet another issue of €800m dual tranche notes and concurrent notes buyback

04 May 2018

Global law firm Norton Rose Fulbright has advised longstanding client ADLER Real Estate AG, on another issuance of dual tranche notes with a nominal value of €800m under German law. A similar transaction was successfully implemented in December 2017 under New York law.

ADLER Real Estate AG is a real estate company listed in the SDAX of the Frankfurt Stock Exchange and looks to build and develop a high-value and high-yield residential real estate portfolio in Germany

White & Case Advises Piaggio & C. S.p.A. on Exchange Offer and €250 Million High Yield Bond Issuance

04 May 2018

Global law firm White & Case LLP has advised Piaggio & C. S.p.A. on the issuance of a new €250 million high yield bond, 3.625% percent Senior Notes due 2025 and the related exchange offer to refinance its outstanding 4.625% Senior Notes due 2021.

The new Notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act.

White & Case Advises Gamenet on High Yield Bond Issuance and Super Senior Revolving Credit Facility

04 May 2018

Global law firm White & Case LLP has advised Gamenet Group S.p.A. on the issuance of its €225 million high yield Senior Secured Guaranteed Floating Rate Notes due 2023.

The notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act. A portion of the proceeds has been used to redeem Gamenet's existing €200 million Senior Secured Guaranteed 6% Notes due 2021.

Baker McKenzie advise National Australia Bank in connection with bond issue by Afterpay

03 May 2018

Baker McKenzie advised National Australia Bank Limited (NAB) as sole lead manager and as initial subscriber on the issue of A$50,000,000, 7.25% fixed rate unsecured notes, due 2022, by Afterpay, the ASX-listed retail technology company. Afterpay is a technology driven payments company comprising of Afterpay and Touch products and businesses, with currently approximately 1.8 million customers and over 14,000 retail merchants using Afterpay products.

Linklaters advises as Abu Dhabi’s TAQA issues $1.75bn dual-tranche bond

02 May 2018

Abu Dhabi National Energy Co (TAQA) has issued $1.75billion in bonds, split into a £750million seven year tranche and a $1billion 12 year tranche. Linklaters advised joint lead managers Citigroup, First Abu Dhabi Bank, HSBC, ING, Mizuho, Scotiabank and SMBC Nikko.

The bonds will be traded on the London Stock Exchange.

Jonathan Fried, Capital Markets partner at Linklaters, said: