Shearman & Sterling advised Credit Suisse as sole global coordinator on Pro-Gest S.p.A.’s €250 million inaugural high yield bond offering. Pro-Gest expects to use the proceeds of the offering to repay certain outstanding indebtedness and for general corporate purposes, including the prefunding of capital expenditures.

Pro-Gest is a leading family-owned Italian vertically integrated producer and supplier of recycled containerboard, corrugated board and corrugated packaging products with 19 manufacturing facilities.

Kirkland & Ellis International LLP advised Credit Suisse Securities Europe Ltd., J.P. Morgan Securities plc, BNP Paribas and HSBC in connection with the offering by leading French frozen food company Picard Groupe S.A.S. of €1.19 billion floating rate senior secured notes due 2023 and the offering by Picard Bondco S.A. of €310 million 5.5% senior notes due 2024.

The transaction, which closed on December 14, 2017, was led by London capital markets partners Cedric Van den Borren, Gilles Teerlinck and James Simpson.

International law firm Pinsent Masons has advised Amber Australia Pty Ltd / International Public Partnerships on the AUD$1.8billion recapitalisation and refinance of the Reliance Rail Group.

Mayer Brown advised PT Indika Energy Tbk (“Indika Energy”), a leading Indonesian integrated energy group and a long-standing client of Mayer Brown, on the successful issuance of one of Indonesia’s most complex high-yield issuances of the year: a US$575 million 5.875% Senior Notes due in 2024.

Ashurst advised Shawbrook Bank, the specialist UK savings and lending bank, on the issue of £125 million Fixed Rate Reset Perpetual Additional Tier 1 Write Down Capital Securities.

The transaction represented the first issue of additional tier 1 capital by Shawbrook. The net proceeds of the issue will be used to optimise Shawbrook’s capital resources to support its general corporate purposes, including the growth of the Group’s business.

The Ashurst team was led by finance partner (DCM) Alex Biles, assisted by counsel Chris Hardingham.

Global law firm Norton Rose Fulbright has advised the underwriters, led by joint lead managers and joint bookrunners ANZ, Citigroup, Deutsche Bank, Goldman Sachs and Mandiri Securities, on a multi-billion dollar three-tranche bond issuance by the Republic of Indonesia (the “Republic”).

Global law firm Norton Rose Fulbright has advised the underwriters, led by joint lead managers and joint bookrunners ANZ, Citigroup, Deutsche Bank, Goldman Sachs and Mandiri Securities, on a multi-billion dollar three-tranche bond issuance by the Republic of Indonesia (the “Republic”).

On 6 December 2017, China Mengniu Dairy Company Limited (China Mengniu, stock code: 02319. HK) successfully registered its RMB15 billion panda bonds in the China’s inter-bank bond market, including RMB10 billion in SCP and RMB 5 billion in MTN. This is the first time that China Mengniu issued the panda bond, striking several new records in panda bond markets: the first panda bond in the dairy industry, the first panda bond in the consumer sector, and the largest panda bond of non-financial enterprises in the inter-bank market in 2017.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Swedish hotelier Pandox AB (‘Pandox’) on its agreement to acquire a portfolio of 36 hotel businesses under the Jurys Inn brand, and one Hilton Garden Inn from Lone Star. The agreement was made by Pandox in partnership with Fattal Hotels Group (‘Leonardo’) as the operating partner.

White & Case LLP has advised Atlantia S.p.A. on the update of its €10 billion Euro Medium Term Note Programme, issuances under which will be listed on the Irish Stock Exchange.

The White & Case team which advised on the Italian and English law aspects of the transaction was led by partners Michael Immordino (Milan & London) and Ferigo Foscari and local partner Paul Alexander (both Milan) together with associates Louise Ruggiero, Davide Diverio and Marco Sportelli (all Milan).