Davis Polk advised the joint book-running managers on an SEC-registered offering by Diageo Capital plc of $500 million aggregate principal amount of floating-rate notes due 2020, $500 million aggregate principal amount of 3.000% notes due 2020, $500 million aggregate principal amount of 3.500% notes due 2023 and $500 million aggregate principal amount of 3.875% notes due 2028, in each case guaranteed by Diageo plc.
Davis Polk advised The Royal Bank of Scotland Group plc (RBSG) in connection with its SEC-registered offering of $1.75 billion aggregate principal amount of 4.892% fixed-rate/floating-rate senior notes due 2029.
Davis Polk advised Nederlandse Waterschapsbank Bank N.V. in connection with the annual update of its €60 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised NWB Bank in connection with senior notes issuances totaling $5.25 billion.
Ashurst is advising the International Finance Corporation ('IFC'), a member of the World Bank Group, and the Uganda National Roads Authority ('UNRA') on the development of a procurement process for sourcing a private sector partner to design, build, finance, operate, maintain and transfer a limited access tolled expressway between the cities of Kampala and Jinja in Uganda (the 'Project').
Herbert Smith Freehills has advised MUFG Bank, Ltd. (MUFG), Societe Generale and Mizuho Bank, Ltd. (Mizuho) on the project financing of the 87 MW Beryl Solar Farm in the New South Wales Central Tablelands.
The Beryl Solar Farm, developed by First Solar, is located five kilometres west of Gulgong in New South Wales, and will consist of approximately 260,000 First Solar thin film photovoltaic modules. Once complete, it will produce enough solar energy to power about 25,000 homes. The project achieved financial close on 11 May 2018.
Vinson & Elkins served as counsel to the initial purchasers in Neptune Energy Group Limited’s offering of 6 5/8% senior notes in an aggregate principal amount of $550 million. The size of the offering increased from $500 million, indicated at launch on 23 April, to $550 million. The offering closed on 11 May.
Shearman & Sterling represented the underwriters, led by NatWest Markets Securities Inc., in connection with The Royal Bank of Scotland Group plc's offering of $1.75 billion 4.892% fixed-rate/floating-rate senior notes due 2029. The joint bookrunners included Credit Suisse, JP Morgan, Morgan Stanley and UBS Investment Bank.
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.
Simpson Thacher recently represented SMBC Nikko Securities America, Inc., as sole bookrunner, in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) reopening of its senior floating rate notes due 2020 originally issued in January 2018 under SMBC’s US$50 billion Global Medium Term Notes Program. The offering of $750 million of senior floating rate notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act.
Gide has advised group Teyliom (investment holding controlled by Yerim Habib Sow), partner of NJJ (personal holding of Xavier Niel) and Axian Group (conglomerate owned by the Hiridjee family), on their acquisition of Tigo Sénégal, second telecoms operator in Senegal, from Millicom International Cellular S.A., an international telecommunications group listed on the Stockholm stock exchange. Gide also acted as counsel to the banks on the financing of this acquisition.
A&O advised Credit Suisse, Deutsche Bank and KKR on the offering by Flora Food Group of USD525m and EUR685m senior notes due 2026.