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Banking & Finance - Capital Markets: Debt

Gide advised the banks in the buyback of bonds by Eramet for EUR65m and a new issue of EUR500m

06 Oct 2017

Gide advised a bank syndicate led by BNP Paribas and Société Générale on the tender offer on a series of bonds due 2020 by Eramet for a total amount of EUR 65 million approx.

Simultaneously, Gide assisted the bank syndicate on the issuance by Eramet of EUR 500 million issue of 4.196 per cent. bonds due 2024 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Hubert du Vignaux (partner), assisted by Laurent Vincent (counsel), Mariléna Gryparis and Louis Ravaud (associates).

Gide advised the banks in the buyback of bonds by Eramet for EUR65m and a new issue of EUR500m

06 Oct 2017

Gide advised a bank syndicate led by BNP Paribas and Société Générale on the tender offer on a series of bonds due 2020 by Eramet for a total amount of EUR 65 million approx.

Simultaneously, Gide assisted the bank syndicate on the issuance by Eramet of EUR 500 million issue of 4.196 per cent. bonds due 2024 and admitted to trading on the regulated market of Euronext Paris.

Gide’s team was led by Hubert du Vignaux (partner), assisted by Laurent Vincent (counsel), Mariléna Gryparis and Louis Ravaud (associates).

Slaughter and May is advising SEGRO plc in relation to a cash tender offer for certain of its existing Sterling bonds and the new issue of two Sterling bonds

06 Oct 2017

Slaughter and May is advising SEGRO plc on its cash tender offer for certain of its existing Sterling bonds and the new issue of two Sterling bonds. SEGRO has accepted for purchase in cash an aggregate principal amount of its existing Sterling bonds across four tranches equal to £550 million, at a cash cost of £677 million. SEGRO has also launched and priced a £350 million bond with a maturity of 12 years paying a coupon of 2.375% and a £400 million bond with a maturity of 20 years paying a coupon of 2.875%.

Slaughter and May advised Standard Chartered on its issue of Fixed Rate Reset Notes

06 Oct 2017

Slaughter and May advised Standard Chartered PLC on its issue of €750,000,000 Fixed Rate Reset Notes due 2023 and €500,000,000 Fixed Rate Reset Notes due 2027 under its US$77,500,000,000 Debt Issuance Programme.

Barclays Bank PLC, Deutsche Bank AG, ING Bank N.V. and Standard Chartered Bank acted as joint lead managers and ABN Amro Bank N.V., Crédit Agricole Corporate and Investment Bank, First Abu Dhabi Bank PJSC, Lloyds Bank plc and Nomura International PLC acted as co-lead managers on the issues of the Fixed Rate Reset Notes.
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Slaughter and May is advising SEGRO plc in relation to a cash tender offer for certain of its existing Sterling bonds and the new issue of two Sterling bonds

05 Oct 2017

Slaughter and May is advising SEGRO plc on its cash tender offer for certain of its existing Sterling bonds and the new issue of two Sterling bonds. SEGRO has accepted for purchase in cash an aggregate principal amount of its existing Sterling bonds across four tranches equal to £550 million, at a cash cost of £677 million. SEGRO has also launched and priced a £350 million bond with a maturity of 12 years paying a coupon of 2.375% and a £400 million bond with a maturity of 20 years paying a coupon of 2.875%.

Gide advises BIM on its first issuance of bonds under the EuroPP format for EUR 85 million

04 Oct 2017

Gide has advised BIM on the operation, structured in two tranches with fixed coupons (6 and 7 years) for a total amount of 85 million euros.

Gide’s team was led by Hubert du Vignaux (partner), assisted by Laurent Vincent (counsel), Mariléna Gryparis and Louis Ravaud (associates).

Crédit Agricole Corporate and Investment Bank, sole arranger, was advised by CMS Bureau Francis Lefebvre.

$3 Billion BP Offering

04 Oct 2017

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $500 million 1.768 percent notes due 2019, $300 million floating-rate notes due 2022, $700 million 2.520 percent notes due 2022 and $1.5 billion 3.279 percent notes due 2027.

White & Case Advises on Belfius Bank Issuance of Senior Non-Preferred Notes – First Under New Belgian Legal Framework

02 Oct 2017

White & Case LLP has advised Belfius Bank SA, Credit Agricole CIB, Deutsche Bank AG, Morgan Stanley and Societe Generale CIB, as joint lead managers, on the issuance by Belfius Bank of €750,000,000 Fixed Rate Senior Non-Preferred Notes, the first issuance by a Belgian credit institution of senior non-preferred notes under the new Belgian legal framework.

The transaction settled on September 12, 2017 and the bonds were admitted to trading on the Luxembourg Stock Exchange.

Kirkland & Ellis Advises Bain Capital and Cinven on Debt Financing for Stada Takeover

29 Sep 2017

Kirkland & Ellis advised Nidda Healthcare Holding AG and Nidda BondCo GmbH, companies owned by private equity funds Bain Capital and Cinven, in connection with €3.175 billion of syndicated debt financing for Bain Capital’s and Cinven’s takeover of German generic pharmaceutical group STADA Arzneimittel AG. The debt financing consisted of €1.7 billion of term loans, €1.075 billion of high yield bonds and a €400 million revolving credit facility.