Shearman & Sterling advised Citigroup Global Markets, Credit Suisse Securities, RBC Capital Markets, Barclays Capital, CIBC World Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint book-running managers, in connection with Yamana Gold Inc.’s (Yamana) private placement, pursuant to Rule 144A and Regulation S, of $300 million aggregate principal amount of 4.625% senior notes due 2027.
Cleary Gottlieb represented ArcelorMittal in the issuance of €500 million 0.95 percent notes due January 17, 2023, under its €10 billion wholesale EMTN Program.
The issuance priced on November 28, 2017, and closed on December 4, 2017.
The notes issued are listed on the regulated market of the Luxembourg Stock Exchange. The proceeds of the issuance will be used for general corporate purposes, including the refinancing of existing debt such as the 6.125 percent notes due June 1, 2018, being early redeemed on December 28, 2017.
Cleary Gottlieb represented Heungkuk Life Insurance in a $500 million offering of 4.475 percent subordinated capital securities under Regulation S.
J.P. Morgan and Nomura served as joint bookrunners and joint lead managers for the offering, which closed on November 9, 2017.
Global law firm White & Case LLP has advised the Federal Republic of Nigeria on the update of its US$4.5 billion Global Medium Term Note Programme and subsequent issuance of US$3 billion aggregate principal amount of dual series notes thereunder.
The Notes, which were issued on 28 November 2017, comprise a US$1.5 billion ten-year series (6.500% coupon) and a US$1.5 billion 30-year series (7.625% coupon), bringing the total amount issued in 2017 under the Republic's Programme to US$4.5 billion.
Linklaters has advised Manchester Airports Group (MAG), a leading UK airport operator, on the update of its £5bn multicurrency programme and the issuance of £300m, 22-year bond with an annual coupon of 2.875%. MAG serves c. 56m passengers through its ownership and operation of Manchester Airport, London Stansted Airport, East Midlands Airport and Bournemouth Airport.
Davis Polk advised IHS Markit Ltd. in connection with its Rule 144A/Regulation S offering of $500 million aggregate principal amount of its 4.00% senior notes due 2026. IHS Markit intends to use the net proceeds from the offering to repay amounts outstanding under its revolving credit facility.
IHS Markit is a leading globally diversified provider of critical information, analytics and expertise with deep sources of information, analytics and solutions for the world’s major industries, financial markets and governments.
Skadden is advising Kenon Holdings on its sale of IC Power’s Latin American and Caribbean businesses to I Squared Capital, an infrastructure private equity firm, for $1.2 billion cash and assignment of $450 million of debt.
Paul Hastings LLP, a leading global law firm, announced today that it represented Companhia Energética de Minas Gerais – CEMIG in connection with an inaugural international bond offering by its subsidiary CEMIG Geração e Transmissão S.A.
Global law firm Norton Rose Fulbright has acted for a syndicate of financiers on the $2.25 billion refinancing of the Reliance Rail NSW Rolling Stock PPP.
Reliance Rail is a public-private partnership that has the contract to manufacture and maintain 626 suburban passenger train carriages for Sydney’s rail network.
The project, originally signed in December 2006, to finance, manufacture and maintain the suburban passenger trains for 30 years, was the largest passenger train order in Australian history, costing $3.6 billion.
King & Wood Mallesons (KWM) is advising Bank of Queensland Limited (BOQ) on its offer of Capital Notes to raise $325 million, with the ability to raise more or less.
BOQ is issuing Capital Notes to raise Additional Tier 1 Capital, which will be used for BOQ’s general corporate and funding purposes, including the partial refinancing of BOQ’s Convertible Preference Shares issued in 2012 through a reinvestment offer.