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Banking & Finance - Capital Markets: Debt

White & Case Advises on AUD$450 Million Commercial Debt Refinancing for NSW Ports

23 Apr 2018

Global law firm White & Case LLP has advised NSW Ports on its refinancing of AUD$450 million of commercial debt.

"The successful commercial bank debt refinancing was achieved in combination with further US Private Placements issuance by NSW Ports" said White & Case partner Cameron Watson, who led the Firm's deal team. "NSW Ports attracted strong interest for the refinancing which reflects the confidence of domestic and international banks and investors in Australian infrastructure assets."

White & Case Advises Banks on Euronext’s Inaugural €500 Million Notes Offering

23 Apr 2018

Global law firm White & Case LLP has advised the bank syndicate led by BNP Paribas and Crédit Agricole CIB, as Global Coordinators and Joint Lead Managers, and ABN AMRO, ING, MUFG and Société Générale CIB, as Joint Lead Managers, on Euronext’s inaugural €500 million offering of 1% notes due 2025.

The bonds were admitted to trading on the regulated market of Euronext Dublin.

Euronext is the main stock exchange in Europe with more than 1,300 issuers. It will use the proceeds of the bonds issue to refinance its acquisition of the Irish Stock Exchange.

USD11 billion bond issuance from Saudi Arabia comes to market with guidance from joint A&O and K&A team

20 Apr 2018

Allen & Overy and its cooperation firm in Saudi Arabia, Khoshaim & Associates, have advised the Ministry of Finance of the Kingdom of Saudi Arabia on the USD11bn bond issuance under its Global Medium Term Note Programme. The transaction received significant interest from international investors, with the order book peaking at USD52bn.

Burges Salmon advises Gravis on £20 million financing for Eelpower

13 Apr 2018

Burges Salmon has advised long-standing client Gravis on a £20 million financing for Eelpower, a pioneering company that has been at the forefront of the development of energy storage in the UK.

This transaction builds on Burges Salmon's market-leading experience in advising on the innovative debt structures required for funding energy storage projects and their complex revenue streams.

Mayer Brown JSM advises lead managers on first Eurobond issuance traded on the Frankfurt Stock Exchange and China Europe International Exchange

12 Apr 2018

Mayer Brown JSM advised a consortium of joint lead managers on the first issuance of Eurobonds listed and traded on the regulated market of Frankfurt Stock Exchange and available for trading on the China Europe International Exchange by a PRC non-financial institution company.

The dual-tranche offering is Chengdu Xingcheng Investment Group Co., Ltd’s issuance of EUR 365 million 2.50% bonds due 2021 and EUR 135 million 2.95% bonds due 2023.

Clifford Chance advises the banks on the issuance of EUR 8 billion of notes by Sanofi

12 Apr 2018

Clifford Chance advised BNP Paribas, Société Générale, UniCredit Bank AG, Banco Santander S.A., Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, HSBC Bank plc, ING Bank N.V., Belgium Branch, J.P. Morgan Securities plc and RBC Europe Limited on the issuance of EUR 8 billion of notes by Sanofi. The notes were admitted to trading on the Euronext Paris market on 21 March 2018.

The six series were drawn under Sanofi's Euro Medium Term Note Programme, and priced as follows:

• EUR 1 billion Floating Rate Notes due March 2020

MHP SE announced Eurobond closing

09 Apr 2018

The Kyiv office of Baker McKenzie acted as Ukrainian law counsel for J.P. Morgan Securities plc, ING Bank N.V. and UBS Limited as Joint Lead-Managers with respect to the issue of USD 550 million 6.95% Notes due 2026 by MHP Lux S.A.
 
MHP Lux S.A. is a member of the MHP (Myronivskyi Hliboprodukt) Group, a leading Ukrainian agricultural producer.  The proceeds of the Notes will be used to finance MHP Group's tender related to its 8.25% Notes due 2020 and for short-term debt refinancing, general corporate purposes and further expansion of the MHP Group's business.

King & Wood Mallesons on Bis Industries group's A$1.2 billion restructure

09 Apr 2018

King & Wood Mallesons (KWM) has advised affiliates of Värde Partners (as outgoing senior lender and incoming equity holder), Deutsche Bank AG (as incoming senior lender) and AMAL Management Services (as outgoing facility agent and security trustee), on the A$1.2 billion restructure, recapitalisation and refinancing of the Bis Industries group, an Australia-based materials handling and resource logistics provider.