Shearman & Sterling advised J.P. Morgan, Deutsche Bank, Industrial and Commercial Bank of China, Bank of China, Goldman Sachs, and UBS as initial purchasers on the offering of US$500 million 2.3% guaranteed notes due 2021 and US$1 billion 3.15% guaranteed notes due 2026 by Three Gorges Finance I (Cayman Islands) Limited, a wholly owned special-purpose vehicle of China Three Gorges Corporation. The notes are guaranteed by China Three Gorges Corporation and are listed on the Singapore Exchange Securities Trading Limited.

Lawyers from Dentons’ Banking and Finance practice team advised Bristol Warsaw on refinancing the existing debt of the 5-star Hotel Bristol.

The Banking and Finance Team advised the owner of the Hotel Bristol, in connection with the refinancing of its existing indebtedness. The refinancing was provided by Bank Kasa Opieki S.A. Transaction included negotiation of the facilities agreement and security documents.

Slaughter and May advised Santander UK plc and Abbey National Treasury Services plc in connection with the substitution of Santander UK plc as issuer in respect of the securities issued under Santander UK plc’s EUR 35 billion Global Covered Bond Programme and $30 billion Euro Medium Term Note Programme, as well as certain standalone issuances of notes. The substitutions took effect on 1 June 2016.

Shearman & Sterling represented Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, and Deutsche Bank AG, London Branch as joint book-running managers in connection with Ford Motor Credit Company’s offering of its A$450,000,000 aggregate principal amount of 3.588% notes due June 2, 2020.  The notes have been listed on the New York Stock Exchange.

Vinge has advised Intrum Justitia AB in connection with the negotiation of a long-term financing agreement whereby the Swedish Export Credit Corporation (SEK) lends EUR 160 million through Intrum Justitia issuing bonds pursuant to a private placement. The bonds are senior, issued without security and the term thereof is seven years, with maturity in June 2023. The bonds are subject to a variable interest rate of EURIBOR 3 months plus a market interest margin.

Shearman & Sterling advised Nexans, a cable manufacturer, in connection with the issuance of a €250 million bond. The fixed-rated issue has a maturity of five years (May 26, 2021 term) and an annual coupon of 3.25% p.a. Yield to maturity is 3.25% and issue price is 100% of par value.

Sidley represented Simon Property Group, L.P., a leading retail mall REIT, in the €500 million offering by its indirect wholly-owned subsidiary, Simon International Finance, S.C.A., a corporate partnership limited by shares (société en commandite par actions) incorporated under the laws of the Grand Duchy of Luxembourg, of 1.250% guaranteed notes due 2025. The notes, offered under Regulation S in May 2016, are guaranteed by Simon Property Group, L.P.

Slaughter and May advised Legal & General on the annual update and amendment of its £4 billion Euro Note Programme. Under the Programme, Legal & General Group Plc have the ability to issue senior or subordinated Notes and Legal & General Finance PLC may issue senior Notes guaranteed by Legal & General Group Plc, in each case to be listed and traded on the Main Market of the London Stock Exchange.

London - Paul Hastings LLP, a leading global law firm, has advised EA Partners II B.V. on its issuance of $500 million 6.750% Notes due 2021, which closed today. EA Partners II B.V. replicates the multi-award winning financing platform that was created to fund the refinancing, capex and working capital needs of Etihad’s equity alliance partners’ airline, cargo and airport service businesses using a single, rated, secured note issuance in September 2015. Proceeds from the issue of Notes by EA Partners II B.V.

London - Paul Hastings LLP, a leading global law firm, has advised EA Partners II B.V. on its issuance of $500 million 6.750% Notes due 2021, which closed today. EA Partners II B.V. replicates the multi-award winning financing platform that was created to fund the refinancing, capex and working capital needs of Etihad’s equity alliance partners’ airline, cargo and airport service businesses using a single, rated, secured note issuance in September 2015. Proceeds from the issue of Notes by EA Partners II B.V.