Global law firm White & Case LLP has advised a consortium of investors led by Amundi Immobilier and including Predica, Spirica and Primonial REIM, on the acquisition of Europe's largest office complex, 'Coeur Défense', owned by the American fund Lone Star.
White & Case also advised Amundi Immobilier on the refinancing of its existing indebtedness.
On 31 October 2017, China United Network Communications Corporation Limited (China Unicom) successfully completed its non-public issuance of 9 billion A-shares to the strategic investors. As crucial parts of China Unicom's mixed-ownership reform, this issuance, China Unicom’s transfer of 1.9 billion shares to China Structural Reform Fund Co., Ltd. and the employee equity incentives raised a total of RMB 78 billion.
Global law firm White & Case LLP has advised Wind Tre S.p.A. on its €7.3 billion issuance of high yield senior secured notes, in a combination of euro-denominated fixed and floating rate notes and dollar-denominated fixed rate notes, issued pursuant to Rule 144A and Regulation S under the Securities Act, and on a new €3.4 billion senior facilities agreement consisting of a €3 billion amortizing term loan and a €400 million revolving credit facility.
Ashurst is advising Credit Suisse International in relation to the £1.1 billion recommended cash offer for Aldermore Group plc by FirstRand International Limited.
Global law firm Norton Rose Fulbright has advised Eurobank in relation to its €500m covered bond issue, the bank’s first publicly listed covered bond since before the global financial crisis.
The bond has a Conditional Pass Through structure and has fixed interest rate, with a 3-year tenor and 2.75% annual coupon. The covered bond was priced at 99.349%, leading to a final 2.98% yield.
Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $600 million aggregate principal amount of its floating-rate notes due 2022, $400 million aggregate principal amount of its 2.50% notes due 2020 and $1 billion aggregate principal amount of its 3.00% notes due 2022.
KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.
Slaughter and May, Hong Kong, advised Swire Pacific Limited on the annual update of the US$5 billion Medium Term Note Programme of Swire Pacific MTN Financing Limited, its wholly-owned subsidiary (the Programme).
Notes issued under the Programme are guaranteed by Swire Pacific Limited and may be listed on the Hong Kong Stock Exchange.
Contacts
Financing: Lisa Chung (partner), Suet Wa Wong (associate), Katie Cheung (trainee)
Allen & Overy said today that the Hightown Housing Association retail charity bond issuance demonstrates that the bond markets are an increasingly important source of funding for UK charities. The bonds were issued today and raised GBP31.5 million, with a further GBP6.5m of retained bonds created for potential sale at a later date.
Ashurst advised a consortium comprising Deutsche Apotheker- und Ärztebank (apoBank), Bank of Ireland, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ Bank) and SEB AG on refinancing the DOREA Group, an operator of nursing and elderly facilities in Germany. The banks provide Quadriga Capital Private Equity Fund IV LP's portfolio company with an increased credit volume that DOREA intends to use to finance its expansion strategy.
Slaughter and May, Hong Kong, advised Wing Tai Properties Limited on the tap issue of an additional S$100,000,000 4.35% Senior Guaranteed Perpetual Capital Notes by its wholly-owned subsidiary, Wing Tai Properties (Finance) Limited, under its US$1 billion Medium Term Note Programme. The Notes are guaranteed by Wing Tai Properties Limited and will be listed on the Singapore Exchange.
Contacts
Roger Cheng (partner) and Jocelyn Poon (associate)