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Banking & Finance - Capital Markets: Debt

Gide advises on Chargeur's €57 million mixed format Euro PP financing

31 May 2016

Chargeurs announces the completion of a €57 million mixed format Euro PP financing.

This Euro PP involves a €32 million bank financing subscribed by Bank of China Limited, Bred Banque Populaire and Landesbank SAAR and a €25 million bond issue subscribed by institutional investors represented by Kepler Cheuvreux.

This mixed Euro PP financing will enable Chargeurs to attract different types of lenders and achieve optimal conditions, all the while maintaining a streamlined execution process.

Millicom lists SEK 2 billion bond

30 May 2016

On Friday 27 May, 2016 Millicom International Cellular S.A. successfully listed a three year, SEK 2 billion, senior unsecured bond carrying a floating rate coupon (STIBOR + 3.30 per cent.) on Nasdaq Stockholm. The proceeds of the issue is to be used for the general corporate purposes of the group and part of such proceeds have been used to finance a tender offer made by Millicom in relation to their SEK 2012/2017 bonds which was run in parallel with the new issue.

Gide advises on the issuance of EUR 1.5 billion notes by Vivendi

27 May 2016

Gide has advised a syndicate of banks constituted by BNP Paribas, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, Merrill Lynch International and Mitsubishi UFJ Securities International plc on the issuance by Vivendi of EUR 1.5 billion notes with two tranches due 2021 and 2026 respectively and listed on Euronext Paris.
 
Darrois Villey Maillot Brochier advised Vivendi.
 
Gide's team was led by partner Hubert du Vignaux, assisted by Laurent Vincent and Aude-Laurène Dourdain.

The Export-Import Bank of Korea $2.50 Billion Notes Offering

27 May 2016

Davis Polk advised the underwriters in connection with SEC-registered Schedule B debt offerings by KEXIM of $500 million aggregate principal amount of its floating rate notes due 2019, $1 billion aggregate principal amount of its 1.750% notes due 2019 and $1 billion aggregate principal amount of its 2.625% notes due 2026.

KEXIM is an official export credit agency, providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.

Norton Rose Fulbright advises British Business Bank on initial phase of ‘Help to Grow’ scheme

27 May 2016

Global law firm Norton Rose Fulbright has advised the British Business Bank in relation to the structuring of its Help to Grow scheme.

The Help to Grow scheme was announced by Prime Minister David Cameron in February 2015 and forms part of £1bn worth of commitments to support small businesses in accessing finance needed for growth that was announced by Chancellor George Osborne in the Budget 2016.

Slaughter and May advised Holmes Master Issuer on its issue of Notes

27 May 2016

Slaughter and May advised Holmes Master Issuer PLC in respect of the issue of a total of US$375 million and £340 million of senior notes and £582 million of subordinated notes, in three different classes, under its Residential Mortgage-Backed Note Issuance Programme. The Notes were listed on the Main Market of the London Stock Exchange and awarded the Prime Collateralised Securities Label by the PCS Secretariat.

Slaughter and May also advised Santander UK plc in its capacity as sponsor, seller, servicer, cash manager and originator under the Programme.

DLA Piper advises United States Steel Corporation in offering of $980 million of senior secured notes due 2021 and related tender offers

26 May 2016

DLA Piper represented United States Steel Corporation in connection with the private offering of $980 million aggregate principal amount of 8.375 percent senior secured notes due 2021 pursuant to Rule 144A and Regulation S. US Steel used a portion of the proceeds to redeem its outstanding senior notes due 2017, and to tender for a portion of its outstanding senior notes due 2018, 2020 and 2021. DLA Piper also represented US Steel in connection with the tender offers.

Linklaters advises on Greene King’s successful £300m secured corporate bond issuance

26 May 2016

Linklaters has advised Greene King, the leading pub retailer and brewer in the UK, on its £300m secured corporate bond issuance. This is the first new-money rated secured corporate bond undertaken by a UK pub company since the financial crisis.

Linklaters also advised Greene King on its successful acquisition of Spirit Pub Company which completed in June 2015.

Clifford Chance Paris advises banks on €4.3 billion tender offer of Crédit Agricole S.A and consent solicitation by Crédit Agricole Home Loan SFH

26 May 2016

Clifford Chance Paris advised a group of banks, represented by Crédit Agricole Corporate and Investment Bank (as Global Coordinator and Dealer Manager), and comprising Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited and Morgan Stanley & Co. International plc (each a Dealer Manager), on the offer by Crédit Agricole S.A.

KWM advises the joint lead managers on Chinese auto industry’s first ever offshore green bonds issuance

26 May 2016

King & Wood Mallesons has advised the joint lead managers as their international and PRC counsels in relation to the debut offering of green bonds by Zhejiang Geely Holding Group Company Limited (Geely) through its subsidiary, London Taxi Corporation Limited (LTC) of US$400,000,000 2.75 per cent credit enhanced bonds due 2021.