Gernandt & Danielsson advises in Heimstaden AB’s (publ) (“Heimstaden”) issue of additional bonds at a total amount of SEK 400 million.

The bonds are issued within a total framework amount of SEK 1,250 million and after the issue the outstanding amount under the bonds amounts to the total framework amount. Heimstaden has undertaken to list the additional bonds on Nasdaq Stockholm.
The proceeds from the bonds issue will be used towards general corporate purposes including acquisitions and value-adding investments in the existing property portfolio.

Allen & Overy represented Goldman Sachs Bank USA (GS Bank), as administrative agent, and GS Bank, JPMorgan Chase Bank, KeyBanc Capital Markets Inc. and UBS Securities LLC, as lead arrangers, on the collective $315 million refinancing and dividend recapitalization by Sundial Group LLC, a portfolio company of Bain Capital Private Equity. The new credit facility consists of a $280 million term loan and $35 million revolving credit facility.

Allen & Overy has advised Bank of America Merrill Lynch (BofA Merrill), BNP Paribas and Citigroup in a landmark liability management transaction by PTT Exploration and Production Public Company Limited (PTTEP), Thailand’s leading petroleum exploration and production company.
The transaction allows PTT to take advantage of new regulations in Thailand to deliver significant tax benefits. It is the first transactions of its kind in Thailand, paving the way for similar deals in the future.
 

Davis Polk advised the solicitation agent in connection with a solicitation of consents by Central China Real Estate Limited from the holders of its (i) 8.00% senior notes due 2020, (ii) 6.50% senior notes due 2018, (iii) 8.75% senior notes due 2021, (iv) 6.75% senior notes due 2021 and (v) 6.00% senior notes due 2018 to certain amendments under the indentures governing such notes.

Noerr has advised TAG Immobilien AG on the issue of convertible bonds for €262 million and the purchase of existing notes issued by TAG Immobilien AG. The Frankfurt-based Noerr partners and capital markets experts Dr Laurenz Wieneke and Dr Julian Schulze De la Cruz acted for TAG.

Clifford Chance advised UBS Securities LLC ("UBS") in connection with the issuance by SPARC EM SPC, for the account of Panama Metro Line 2 S.P. (the "Issuer") of US$618,708,000 Series 2017-1 Panama Metro Line 2 Notes due 2022 (the "Notes"). This issuance represents the first-ever 144A/Reg S securitization of government certificates to finance an infrastructure project in Panama.

Slaughter and May, Hong Kong, advised Wing Tai Properties Limited on the issue of S$160,000,000 4.35% Senior Guaranteed Perpetual Capital Notes by its wholly-owned subsidiary, Wing Tai Properties (Finance) Limited, under the US$1 billion Medium Term Note Programme of Wing Tai Properties (Finance) Limited.  The Notes are guaranteed by Wing Tai Properties Limited and will be listed on the Singapore Exchange.

Contacts
Capital Markets: David Watkins (partner), Roger Cheng (partner), Jocelyn Poon (associate)

Allen & Overy has advised Axis Bank, Barclays, Citigroup, Crédit Agricole, HSBC, J.P. Morgan, Merrill Lynch and Standard Chartered Bank as joint lead managers in connection with the Regulation S offering of senior unsecured notes due 2022 by Canara Bank (Canara). The dollar-denominated 5-year 3.250% bond raised USD400 million for the Indian issuer.

Allen & Overy has advised its long standing client Axis Bank in connection with its Rule 144A / Regulation S offering of senior unsecured notes due 2022. The dollar-denominated 5-year 3.00% bond raised USD500 million for the Indian issuer and marked the first Rule 144A / Regulation S transaction by an Indian bank this year.

Allen & Overy has advised the dealer managers and the joint lead managers on a debt refinancing transaction for Vedanta Resources plc, one of the world’s largest diversified natural resources companies.