BNP Paribas, together with the European Investment Bank (EIB) and the European Investment Fund (EIF), which make up the EIB Group, have executed the first synthetic securitisation deal on a portfolio of loans granted to French SMEs and midcap firms under the Juncker Plan. Under the agreement, risk sharing will be undertaken by EIB and BNP Paribas, while the assets will remain on BNP Paribas’ balance sheet. This highly innovative operation enables BNP Paribas to free up part of the regulatory capital allocated to a portfolio of SME and midcap loans.

Shearman & Sterling advised Oddo BHF, acting as global coordinator and joint bookrunner, in connection with CGG’s capital increase with preferential subscription rights by way of an issuance of shares of CGG (the “New Shares”), each with one warrant attached (the “Warrants #2”)  of approximately €112.2 million (including share premium). The rights issue was oversubscribed with a total demand of approximately € 132.5 million, representing approximately 118% of the offer.

Linklaters has advised on the recent $4bn bond issue by the Egyptian sovereign. The bonds were issued at three maturities with a five-year and 10-year tranche raising $1.25bn each and a 30-year tranche raising $1.5bn.

The bonds are listed solely on the London Stock Exchange, taking the total number of African sovereign bonds listed in London to 19, including those by Gabon, Ghana, Nigeria and Zambia. 

White & Case LLP has advised Icade on its €600 million bond issue, with a maturity of ten years and an annual coupon of 1.625%.

Icade has simultaneously launched a tender offer on three outstanding bond issues, financed with the proceeds of the new bond issue. The bonds will be admitted to trading on the regulated market of Euronext Paris.

Frankfurt/Main – Sixt SE has successfully placed a bond worth EUR 250 million with German and international investors.

The joint lead managers of the issue were Bayerische Landesbank, Commerzbank Aktiengesellschaft and Deutsche Bank Aktiengesellschaft. A team headed by CMS partner Oliver Dreher advised the banks on the issue. The team led by Dreher has also previously acted on behalf of the banking side in capital market transactions involving SIXT SE.

MinterEllison has advised ASX-listed investment trust, MCP Master Income Trust (ASX:MXT), on its proposed $381 million capital raising.

MXT announced the capital raising, which involved a novel entitlement offer and back-end retail placement structure, today. Proceeds from the capital raising will be invested in wholesale funds, managed by Metrics Credit Partners (MCP), for new lending opportunities. Established in 2011, MCP continues to see a strong pipeline of lending opportunities across a variety of borrowers and industries.

Global law firm White & Case LLP has advised the bank syndicate on the inaugural €1 billion bonds issue by Elis, which comprises two series of bonds: €650 million bonds with a five years maturity, and €350 million bonds with an eight years maturity.

Jones Day advised Hamon & Cie (International) SA in connection with a capital increase with preferential subscription rights for the existing shareholders of a maximum amount of €68.1 million. Overall, 94,532,094 new shares were issued for a capital increase amounting to €47.27 million (US$58.99 million) in aggregate. This was the first rights issue on Euronext Brussels in 2018.

Contact: Matthieu Duplat

Bremer Kreditbank (BKB) has successfully completed a capital increase with an issue volume of EUR 300 million. The Annual General Meeting of BKB had already approved the capital increase on 24 May 2017. International law firm Clifford Chance advised BKB on this transaction.

Travers Smith LLP has acted for Investec Bank plc in its capacity as nominated adviser and broker on the £50.0 million placing (the "Placing") of new ordinary shares by easyHotel plc (easyHotel).

The Placing remains conditional on, amongst other things, the passing of shareholder resolutions at a general meeting of easyHotel.

easyHotel is the owner, developer, operator and franchisor of branded hotels. The proceeds of the Placing will be utilised primarily to fund the group's owned hotel roll-out strategy.