Freshfields has advised Tullow Oil in relation to its offering of US$300 million of convertible bonds due 2021

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Tullow Oil in relation to its offering of US$300 million of convertible bonds due 2021. Tullow Oil is a leading independent oil and gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges. The transaction settled on 12 July 2016.

HONG KONG – Allen & Overy said today that Glenmark Pharmaceuticals Limited’s USD170 million convertible bond with a rare “resettable onward starting equity-linked” feature, points to the revival of the Indian convertible bond market following reduced volumes in the last two years. Glenmark is a research-oriented, integrated pharmaceutical company incorporated in India, with a global footprint. Allen & Overy advised J.P. Morgan as the sole manager on this transaction.

Dubai—Dentons advised Oman's Mohammed Al Barwani Holding on its inaugural issuance of a US$76 million Sukuk, which completed on 29 June 2016 and represents the first dual tranche (OMR and US dollar) Sukuk issuance in Oman, with the Muscat Clearing and Depository Company clearing and settling US dollar denominated securities for the first time. The transaction also represents the first Sukuk issued pursuant to the newly enacted Sukuk regulations in Oman, and the second corporate Sukuk in Oman to date.

WASHINGTON, 7 July 2016 – Hogan Lovells advised Brown-Forman Corporation in its recently completed offering and sale of €300 million aggregate principal amount of 1.200% Notes due 2026 and £300,000,000 aggregate principal amount of 2.600% Notes due 2028. Barclays Bank PLC, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and Merrill Lynch International acted as joint book-running managers and representatives of the several underwriters.

Volkswagen Financial Services Australia has established Driver Australia Master, its A$3 billion automotive-backed master trust programme.

Our Danish corporate team consisting of partner Christian Scherfig, senior associates Rachael Hailey and Jacob Moltke Hoff, associate Ted Rosenbaum, junior associate Nick Skovsen and legal intern, Cecilie Gyrsting has acted as legal counsel for Tandlægen.dk – Holding A/S in a major deal regarding financing through corporate bonds.

Hogan Lovells has advised new clients U.S. energy fund EIG and Lagos-based development finance lender Africa Finance Corporation (AFC) as the principal senior lenders on an up to US$425 million loan facility for New Age (African Global Energy) Limited, a Jersey-incorporated oil and gas group focused on the development of upstream oil & gas fields in Africa.

The facility will be used to finance New Age's offshore oil and gas fields in Congo-Brazzaville, Cameroon and Nigeria as well as a further oil field in Kurdistan (an autonomous province of Iraq).

Allen & Overy LLP has advised the financing banks and the institutional investors in connection with the refinancing of an existing EUR 245 million loan granted to TanQuid GmbH & Co. KG through a combination of loan agreement and bond.

The bank consortium comprises Commerzbank AG, Credit Agricole CIB and The Bank of Tokyo-Mitsubishi UFJ. The four institutional investors are Babson Capital, Edmond de Rothschild’s BRIDGE, IFM Investors and Schroders.

Dechert LLP advised Deutsche Real Estate Funds (DREF) in connection with the issuance of its second bond in a private placement to fund the purchase and refurbishment of five student residences, comprising 1,100 units for students in Berlin, Halle, Ludwigsburg, Siegen and Stuttgart. The bond with a volume of €63.5 million has a seven-year term to maturity and bears interest at a rate of 4.5 percent per annum. It is secured by senior registered land charges and subscribed to by large German institutional investors.

International law firm Watson Farley & Williams (“WFW”) has successfully advised a banking syndicate led by Banco Sabadell, S.A. (“Banco Sabadell”) on the debt optimisation of the Andasol 1 and 2 thermosolar plants with a total installed capacity of 100MW in Guadix, Granada, Spain.

The Andasol plants, originally financed with €500M in 2016, are owned by Antin Infrastructure Partners, Deustche Asset & Wealth Management and Spain’s Group Cobra (ACS).