Leading international law firm Clifford Chance has advised Insight Investment, one of the UK's leading asset managers for pension funds, on its access to China's Inter-bank Bond Market (CIBM) under the new direct access regime introduced by PBOC's announcement 2016 No.3 issued in February.
Lenz & Staehelin advised Gazprombank (Joint-stock Company) and Gazprombank (Switzerland) Ltd in a RUB 11 billion debt financing transaction covered by insurance from Schweizerische Exportrisikoversicherung for the acquisition of electric trains supplied by Stadler Bussnang AG and to be operated by LLC Aeroexpress. The trains will be operated on the 2 routes between the centre of Moscow and its airports.
The firm advised Grupo Teknia on listing a fixed-income program of €40 million on the Alternative-Fixed Income Market (MARF). The transaction will enable the Spanish automotive group to list bonds over the following twelve months with fixed or variable interest rates that mature in four to seven years.
On 15 June 2016, Swisscard AECS GmbH (the Originator) closed its fifth credit card securitization transaction involving the issue by Swiss Credit Card Issuance 2016-1 AG (Issuer) of CHF 190,000,000 0.130 per cent Asset-Backed Class A Notes (due 2021), CHF 6,000,000 1.250 per cent Asset-Backed Class B Notes (due 2021) and CHF 4,000,000 2.500 per cent Asset-Backed Class C Notes (due 2021) to the Swiss capital market.
King & Wood Mallesons has advised the joint lead managers as international counsel in relation to the issuance of 2.50 per cent guaranteed notes due 2021 with an aggregate principal amount of US$500,000,000 by ABCL Glory Capital Limited, a wholly-owned subsidiary of Agricultural Bank of China Limited (ABC). The notes are unconditionally and irrevocably guaranteed by Agricultural Bank of China Limited Hong Kong branch.
Slaughter and May advised Diageo on the voluntary de-listing of certain debt securities from the New York Stock Exchange, the re-listing of such securities on the Official List of the UK Listing Authority and the admission to trading of such securities on the London Stock Exchange’s regulated market.
Gernandt & Danielsson advises in Victoria Park’s issue of corporate bonds amounting to SEK 600 million
Victoria Park AB (publ) has decided to issue corporate bonds amounting to SEK 300 million. The bonds are issued within a framework amount of SEK 1 billion. The company has undertaken to list the bonds on Nasdaq Stockholm.
Victoria Park is a publicly traded company listed on Nasdaq Stockholm Mid Cap focusing on residential properties in Swedish growth areas.
Swiss Prime Site AG has successfully placed CHF 250 Million 0.25% convertible bonds due 2023. The bonds were issued at 100% of their principal amount and will mature on 16 June 2023 at 100% of their principal amount unless previously redeemed, converted or repurchased and cancelled. Credit Suisse AG and J.P. Morgan Securities plc acted as Joint Bookrunners in this transaction.
Global law firm Norton Rose Fulbright has advised UniCredit Bank Austria AG (“UniCredit”) on a €250m trade financing to Socar Trading Group (“Socar”). Headquartered in Geneva, Switzerland, Socar trades and distributes crude oil worldwide. It was incorporated in 2007 and it has trading offices in Geneva, London, Singapore, and Dubai; representative offices in Cairo, Istanbul, Lagos, and Monaco; and an oil products storage terminal in Fujairah, United Arab Emirates.
The London, Moscow and New York offices of Debevoise & Plimpton LLP have advised longstanding client NLMK on a new $700 million, 7-year Eurobond offering, with an annual coupon rate of 4.5%.
The proceeds from the offering will be used to finance the purchase of existing notes due 2018 and 2019, as well as for NLMK's general corporate purposes and refinancing of its current debt. Debevoise is also advising NLMK on the related tender offer for the outstanding 2018 and 2019 notes, which is expected to complete on June 17, 2016.