Debt
Allen & Overy has advised the National Bank of Greece on the first Greek covered bond to be offered publically to investors. The €1.5 billion, seven-year bonds are listed on the Luxembourg Stock Exchange, and were priced at 90 basis points over mid-swaps by joint bookrunners Deutsche Bank and UniCredit. Clifford Chance was read-and-review counsel to the arrangers and trustee, and Ashurst advised the swap counterparty.
Clifford Chance has advised Tourism Development & Investment Company (TDIC) on its $1.45 billion sukuk trust certificate programme. The first issue under the programme on October 21 had an aggregate principal amount of $1 billion. The arrangers and managers were represented by Linklaters, with Maples and Calder assisting the Cayman Islands issuer, TDIC Sukuk.
Latham & Watkins assisted Enel on its $4.5 billion multi-tranche bond to institutional investors in the US. Enel turned...