Madeleine Zipperle and Dr. Thorsten Kuthe advised mwb fairtrade Wertpapierhandelsbank AG on the successful issue of the Euroboden GmbH bond. Due to the high demand, the public offer ended already on the first subscription day – the period was originally set to end on November 7, 2017. The EUR 25 million issue volume was fully placed. Part of the new issue is to be used for redeeming the previous bond, while the remainder is to be used for operational business.
 

Simpson Thacher acted as sole international counsel in connection with the offering of US$600 million 3% Notes due 2023 and US$300 million 3.5% Notes due 2027 by Kia Motors Corporation. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.

Davis Polk advised the dealer managers in connection with a cash tender offer by ArcelorMittal S.A. to purchase certain of its U.S. dollar-denominated debt securities.

With steelmaking operations in 18 countries on four continents, ArcelorMittal is the world’s largest and most global steel producer and a significant producer of iron ore and coal.

Davis Polk advised the initial purchasers in connection with Azul Investments LLP's $400 million offering of 5.875% senior notes due 2024, which were issued pursuant to Rule 144A and Regulation S under the Securities Act. The notes are unconditionally and irrevocably guaranteed by Azul Investments LLP’s parent company, Azul S.A., and by Azul S.A.’s operating subsidiary, Azul Linhas Aéreas Brasileiras S.A.

Azul is the largest airline in Brazil in terms of departures and cities served.

Greenberg Traurig advised Alior Bank on the establishment of a bond issuance program with a nominal value of up to PLN 1.2 billion.

The prospectus was approved by the Polish Financial Supervision Authority (KNF) and allows multiple issuances, within 12 months of its approval, of ordinary or subordinated bonds with a total nominal value of up to PLN 1.2 billion, and a total nominal value of all subordinated bonds issued under the prospectus not exceeding PLN 600 million.

Herbert Smith Freehills has advised Boral on the Australian law aspects of its New York law governed, inaugural Rule 144A and Reg. S dual tranche issuances of US$450  million 3.00% senior guaranteed notes due in 2022 and US$500 million 3.75% senior guaranteed notes due in 2028 (Notes).

This is a landmark transaction in a number of respects:

    First US dollar sovereign bond issuance by China in more than a decade
    Reinforces China’s position as global player in financial markets
    Pricing of sovereign bond sets a new benchmark for future Chinese issuers.

Slaughter and May advised Prudential plc on the issuance of USD 750,000,000 4.875 per cent. Fixed Rate Undated Notes. The Notes are intended to qualify as Tier 2 capital under Solvency II and have been assigned a rating of A3 (hyb) by Moody's, A- by S&P and BBB+ by Fitch. The Notes have been admitted to listing on the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange.

A multi-jurisdictional team from international law firm Watson Farley & Williams LLP (“WFW”) advised long-standing client Teekay Offshore Partners L.P. (“Teekay Offshore”) on several matters relating to the successful completion of its recent major strategic investment and financing initiatives linked to the US$610m equity investment in Teekay Offshore by Brookfield Business Partners L.P., together with its institutional partners (“Brookfield”) and an additional US$30m equity investment by Teekay Corporation (“TKC”).

Shearman & Sterling represented BNP Paribas, HSBC, Crédit Agricole, ING, Société Générale and UniCredit as initial purchasers on CMA CGM’s €500 million offering of senior notes. The notes pay interest at a rate of 5.250% due 2025

The net proceeds of the offering, which closed on October 24, 2017, will be used to reimburse $500 million of CMA CGM’s group’s secured indebtedness.