Slaughter and May advised Just on its debut issuance of Restricted Tier 1 capital.

The £300,000,000 Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes have been admitted to listing and trading on the Euro MTF market of the Luxembourg Stock Exchange, and have been assigned a rating of BBB- by Fitch.

Barclays Bank PLC and NatWest Markets Plc acted as managers in respect of the offering.

Contacts

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.

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.

Shearman & Sterling represented Banco do Brasil, the Brazilian state-owned bank and one of the largest banks in Brazil, in connection with the update of its $20 billion U.K. law Euro Medium Term Note Program and its drawdown of $750 million in senior unsecured notes that closed on March 20, 2019. Shearman & Sterling for the first time acted as issuer´s counsel for Banco do Brasil and staffed the matter principally from its São Paulo and New York offices.

The team
STUART K. FLEISCHMANN
DAVID FLECHNER
ROBERTA BERLINER CHERMAN

Shearman & Sterling represented Banco do Brasil, the Brazilian state-owned bank and one of the largest banks in Brazil, in connection with the update of its $20 billion U.K. law Euro Medium Term Note Program and its drawdown of $750 million in senior unsecured notes that closed on March 20, 2019. Shearman & Sterling for the first time acted as issuer´s counsel for Banco do Brasil and staffed the matter principally from its São Paulo and New York offices.

The team
STUART K. FLEISCHMANN
DAVID FLECHNER
ROBERTA BERLINER CHERMAN

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.

Simpson Thacher recently represented the underwriters, for which Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. acted as representatives, in connection with the offering by Mitsubishi UFJ Financial Group, Inc. of $500 million of Floating Rate Senior Notes due 2022, $1.5 billion of 3.218% Senior Notes due 2022, $1.5 billion of 3.407% Senior Notes due 2024, $1.5 billion of 3.741% Senior Notes due 2029 and $500 million of 4.153% Senior Notes due 2039. The offering was made pursuant to MUFG’s shelf registration statement on Form F-3 under the Securities Act.

Skadden advised Toyota Industries Corporation on its $600 million Rule 144A/Regulation S offering of senior notes.