CMS has advised its longstanding client ING Bank N.V. (ING) on yet another financing to the Ukrainian agribusiness sector. ING, as a mandated lead arranger and bookrunner, arranged an $80 million pre-export finance facility to Vioil – one of the largest producers of vegetable oils in Ukraine. The syndicated facility was channeled to Ukrainian exporters to further fund the working capital needs of Vioil group, including to refinance the existing facilities.

Skadden represented Toyota Industries Corporation in its $1 billion offering of senior unsecured notes in two tranches. The notes were listed on the Singapore Stock Exchange.

King & Wood Mallesons (KWM) has advised DBS on its first Tier 2 capital offer denominated in Australian dollars, with the Singapore-based bank offering A$750 million of subordinated notes due 2028.

The issue is under the bank’s global medium-term notes program valued at US$30bn, with to be used for the finance and treasury activities of DBS - including the provision of intercompany loans, or other forms of financing to DBS Bank and its subsidiaries.

The KWM team was led by Partner Philip Harvey, supported by Senior Associate Angela Chung.

Paul, Weiss client Arrow Global Group PLC, a data-driven debt purchase and receivables management company, raised €285,000,000 through the issuance of senior secured floating rate notes due 2026 and £100.0 million through the tap of its existing 5.125% senior secured notes due 2024. This offering represented the sixth time the company has accessed the capital markets since its formation in 2005. 

The team representing Arrow Global included Mark Bergman, with U.S. tax advice provided by David Mayo.

Shearman & Sterling advised Anglo American on its offering of $650 million 4.500% senior notes due 2028. The notes were issued by Anglo American Capital plc and guaranteed by Anglo American plc.

Anglo American, headquartered in the U.K., is one of the world's largest mining companies and is listed on both the London (FTSE 100 Index) and Johannesburg stock exchanges. Anglo American, a global leader in the production of platinum and diamonds, has significant interests in metallurgical and thermal coal, copper and iron ore and manganese metals.

The Team

Clifford Chance has advised a bank syndicate made up of J.P. Morgan, Barclays, HSBC, ING, Société Générale and other banks on an SAP SE bond issue.

With a total volume of 1.5 billion, the bonds mature between 2021 and 2030. The bond maturing in 2021 bears variable rates of interest and those maturing in 2026 or 2030 bear interest at 1.000 per cent and 1.375 per cent respectively.

SAP intends to use the proceeds to refinance the acquisition of Callidus Software Inc.

Davis Polk advised the representatives of the several underwriters in connection with the registered offering of £250 million aggregate principal amount of 2.750% senior notes due 2025.

DXC Technology Company is the world’s leading independent, end-to-end IT services company, helping clients harness the power of innovation to thrive on change. DXC serves nearly 6,000 private and public sector clients across 70 countries.

Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Arrow Global Group plc (Arrow Global), one of Europe’s leading purchasers and managers of debt, on the issue by Arrow Global Finance plc of €285 million senior secured floating rate notes due 2026 and £100 million 5.125% senior secured notes due 2024. J.P.

Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft (OeKB) of $1.5 billion 2.875% guaranteed global notes due 2023. The notes are guaranteed by the Republic of Austria.

OeKB is primarily engaged in export financing. It administrates the Republic of Austria’s guarantees covering commercial, political and foreign exchange risks in connection with Austrian exports and also provides medium- and long-term financing to banks and foreign importers for Austrian export transactions.

Baker McKenzie acted on the issue of A$750 million Floating Rate Subordinated Notes due 2028 by DBS Group Holdings under DBS's USD$30 billion Global Medium Term Note Programme.

Baker McKenzie partner on the transaction, Duncan McGrath stated: "This was DBS's first issue of regulatory capital notes into the Australian market. We were delighted to act for the Joint Lead Managers on such a unique transaction."

Application will be made to the Singapore Exchange Securities Trading Limited for the listing of the Notes on the Singapore Exchange.