Global law firm White & Case LLP has advised Banco BPM S.p.A. on its €750 million 2% Senior Preferred Unsecured Notes due 2022.

The notes have been issued under Banco BPM's €25 billion Euro Medium Term Note Programme, listed on the Luxembourg Stock Exchange and offered and sold pursuant to Regulation S under the Securities Act.

Banca Akros S.p.A. – Gruppo Banco BPM, Banca IMI S.p.A., Barclays Bank PLC, Credit Agricole Corporate and Investment Bank, Credit Suisse Securities (Europe) Limited and Societe Generale acted as joint bookrunners.

Shearman & Sterling advised Deutsche Apotheker- und Arztebank eG (apoBank) and Skandinaviska Enskilda Banken AB (SEB) on the financing of the acquisition of Rehacon Group, one of the leading German providers of physiotherapy services, by Waterland Private Equity (Waterland).

Shearman & Sterling represented the underwriters, led by NatWest Markets Securities Inc., in connection with The Royal Bank of Scotland Group offering of $2 billion 4.269% fixed-rate/floating-rate senior notes due 2025. The joint bookrunners included BofA Merrill Lynch, Credit Suisse, Goldman Sachs and Morgan Stanley.

The Royal Bank of Scotland, headquartered in Edinburgh, has a diversified customer base and provides a wide range of products and services to personal, commercial and large corporate and institutional customers.

DAVID DIXTER
ELENA DZHUROVA

Milbank LLP advised PT Bank Mandiri (Persero) Tbk. (“Mandiri”), MUFG Bank, Ltd. and ICICI Bank Limited in connection with a senior secured US$75 million term loan provided to leading Indonesian energy firm PT Indika Energy Tbk. (“Indika”). Mandiri also acted as Coordinating Bank. The proceeds will be used by Indika to, in part, construct a port project comprising certain building and jetty operations, as well as a fuel storage facility. The project is expected to achieve completion in July 2020.

Fried Frank advised ICP Group in connection with its acquisition of electronic payment transactions company, M&M Werbeagentur GmbH. ICP Group is also a provider in electronic transaction solutions and the combined operations reinforce its offering within the payment products and solutions space. ICP Group was acquired by private equity investors in 2017, and Fried Frank was also counsel on this transaction.
 

Beijing and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it has advised Morgan Stanley Asia Limited and CLSA Capital Markets Limited as joint sponsors in the US$160 million global offering and Hong Kong Stock Exchange IPO and listing of Chinese vaccine company CanSino Biologics Inc (“CanSinoBIO”).

Davis Polk is advising UBS AG London Branch as financial adviser and sponsor in connection with the simplification of the existing Mondi Group dual listed company structure from two legal entities, Mondi plc and Mondi Limited, into a single holding company structure under Mondi plc.

Davis Polk advised CreditEase Holdings (Cayman) Limited in connection with its contribution of certain business operations, including online wealth management targeting the mass affluent, unsecured and secured consumer lending, financial leasing, SME lending, and other related services or businesses (“Target Business”) to Yirendai Ltd for a total consideration of 106,917,947 newly issued ordinary shares of Yirendai and RMB889 million cash, as may be adjusted in accordance with the pre-agreed mechanism, at the transaction closing.

Gide has advised the banks syndicate comprising HSBC, Natixis, Societe Generale and BNP Paribas on the issuance of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) by Air France-KLM for a total amount of €500 million at a rate of 0.125 per cent. and due 2026.

Gide’s team was led by partner Arnaud Duhamel and senior associate Guilhem Richard, assisted by associates Aude-Laurene Dourdain  and Marilena Gryparis, on the French aspects and by partner Melinda Arsouze and senior associate Scott Logan on the US aspects.

International law firm Ashurst has advised a group of international banks, comprising the Korea Development Bank, the European Investment Bank and the Governor and Company of the Bank of Ireland, on the financing of the first social housing bundle PPP in Ireland.