Following on from the successful financial close for the Grangegorman DIT Campus PPP in 2018, Macquarie Capital have closed the €120m pathfinder Social Housing Bundle One PPP.

This project will see 534 new homes built in Dublin, Louth, Wicklow and Kildare in the next two years and is a very positive development for the delivery of social housing.  Senior finance was provided by the European Investment Bank, Bank of Ireland and Korea Development Bank.

Global law firm Norton Rose Fulbright has advised on the first ever conventional Basel III-compliant additional tier 1 (AT1) transaction in the UAE. The transaction involved the issuance by Emirates NBD Bank PJSC of US$1 billion perpetual AT1 capital securities.

The capital securities represent deeply subordinated obligations of the bank and have loss absorbency features which will allow them to represent additional tier 1 capital for the bank.

CMS Belgium assisted financial investors in connection with the EUR 4,1 million fundraising of Graftys, a Medtech company developing and manufacturing synthetic bone biomaterials. With this fundraising, Graftys aims at improving their existing product range and invest in innovative new solutions.

The capital of Graftys is shared between the four new investors (Innovation Fund, Noshaq/ex-Meuseinvest, The Club Deal and Go Capital), together with the initial shareholders.

Willkie represented joint book-running managers Goldman Sachs, Citigroup Global Markets, Deutsche Bank, HSBC, Merrill Lynch, Pierce, Fenner & Smith, MUFG, Wells Fargo and other underwriters in the transaction.

NEW YORK—MARCH 21, 2019—O’Melveny represented UP Fintech Holding Limited (Tiger Brokers) (Nasdaq: TIGR) in its US$104 million IPO on the Nasdaq. Tiger Brokers offered 13 million ADSs at $8, above the range of $5 to $7. In addition, there is a greenshoe exercise option of 1,950,000 ADSs, for a total projected offering size of US$119.6 million should the overallotment option be exercised in full. The stock closed up over 30% on its first day of trading.

Gide has advised groups AXA and BNP Paribas on the transfer of AXA's insurance activities in Ukraine to Canadian insurance and re-insurance group Fairfax Financial Holdings Limited.

The transfer, signed on 21 October 2018, was carried out on 14 February 2019.

Gide's team comprised partners Hugues Scalbert and Jean-Gabriel Flandrois, with associates Pierre-Antoine Degrolard and Rémi Avon on corporate aspects.

Law firm Sayenko Kharenko assisted on aspects of Ukrainian law.

On Monday 4 March, Travers Smith's client, the Pay.UK Group (the body responsible for the UK's retail payment systems), in conjunction with the Bank of England (the Bank), achieved a seminal milestone in delivering the UK Government's promise to further open up the UK's dynamic and fast-moving payment markets.

Sao Paulo/New York, March 19, 2019 – International law firm Hogan Lovells represented BB Securities, BNP Paribas, Goldman Sachs, Itau BBA, and Standard Chartered Bank (the Dealer Managers) in Banco do Brasil's issuance of 4.750% US$750 million Senior Unsecured Notes due 2024 under its euro medium term note programme (EMTN). The transaction was priced on March 13th and settled on March 20th.

Schulte successfully represented National Bank of Canada and various of its Canadian and U.S. subsidiaries (“NBC”) in a major litigation relating to the alleged manipulation of a benchmark rate known as the Canadian Dollar Offered Rate (“CDOR”). On March 14, 2019, Judge Analisa Torres of the U.S.