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Finance & Banking

Innovative bond financing for purchasers of iconic Hong Kong commercial property The Center

14 May 2018

HONG KONG – Allen & Overy has advised Morgan Stanley as the mandated lead arranger of the senior bonds on a bespoke real estate bond financing for a consortium of buyers through its special purpose vehicle, C.H.M.T. Peaceful Development Asia Property Limited. Proceeds of the bonds funded the landmark acquisition of The Center, one of Hong Kong’s prime commercial buildings located in the city’s business district.

Innovative bond financing for purchasers of iconic Hong Kong commercial property The Center

14 May 2018

HONG KONG – Allen & Overy has advised Morgan Stanley as the mandated lead arranger of the senior bonds on a bespoke real estate bond financing for a consortium of buyers through its special purpose vehicle, C.H.M.T. Peaceful Development Asia Property Limited. Proceeds of the bonds funded the landmark acquisition of The Center, one of Hong Kong’s prime commercial buildings located in the city’s business district.

Baker McKenzie acts for volt bank in being granted the first ever restricted banking licence under the Federal Government innovation agenda

11 May 2018

Baker McKenzie successfully acted for volt bank in being granted the first ever restricted banking licence under the Federal Government innovation agenda. The Australian Prudential Regulation Authority (APRA) granted the restricted authorised deposit-taking institution (RADI) licence to create greater competition in the domestic banking sector.

Baker McKenzie head of Financial Services and Funds in Australia, Bill Fuggle stated: "We were delighted to act for our client, volt bank, in what is clearly a game changer for both our client and the industry more broadly."

White & Case Advises VTB Bank on Financing for Acquisition of Biggest Russian Electronics Retail Chain

11 May 2018

Global law firm White & Case LLP has advised VTB Bank on a secured term loan provided to Russian retail chain PJSC M.video, which is owned by SAFMAR Group, for the acquisition of the shares in Russian retail chain Eldorado.

SAFMAR Group intends to consolidate its retail assets by the first quarter of 2019 and become a key player in the Russian consumer electronics retail market.

WFW advises BPM on VSL refinancings

11 May 2018

Watson Farley & Williams (“WFW“) has advised BPM S.p.A. (Gruppo Banco BPM – “BPM”) on two loan facilities to finance the reorganisation of Eco Shipping and Serenissima, which is owned by Venice Shipping and Logistics SpA (“VSL”).

VSL intends to use the funds raised via the loans to improve the performance of its Giulia I and R Serena R bulk carriers, whose technical management is overseen by the Ishima d’Amico Group, with greater financial flexibility thanks to improved credit lines.

Herbert Smith Freehills advises syndicate of banks on the provision of A$150 million facility to Gold Road Resources Limited

11 May 2018

Herbert Smith Freehills has advised a syndicate of banks, comprising Societe Generale, ING and National Australia Bank, on the provision of a A$150 million revolving corporate and working capital facility to Gold Road Resources Limited (Gold Road).

CEVA Logistics AG CHF 1.2 Billion Initial Public Offering and Concurrent Private Placement

10 May 2018

Davis Polk advised the joint global coordinators in connection with the initial public offering of CEVA Logistics AG on the SIX Swiss Exchange and concurrent private placement of mandatory convertible securities. CEVA issued 29,856,537 registered shares in the offering, at CHF 27.50 per share, for total gross proceeds of CHF 821 million and placed CHF 379 million of mandatory convertible securities in the concurrent private placement. The registered shares are traded on the SIX Swiss Exchange under the symbol “CEVA.”

White & Case Advises Consolidated Energy Finance on $825 Million Loan Financing

10 May 2018

Global law firm White & Case LLP has advised Consolidated Energy Finance S.A., a financing subsidiary of Switzerland-based leading international methanol and fertilizer manufacturer Consolidated Energy Limited AG, on a new $825 million credit facility.

The transaction consists of a $225 million revolving credit facility and a $600 million institutional term loan B.