Structured Products

Our experience includes advising:

Deutsche Bank AG, London, as the arranger, on the repackaging of a USD 100,000,000 convertible murabaha facility between Gulf Finance House B.S.C. and Sonata Securities S.A., by way of an issue by Sonata Securities S.A. of USD 100,000,000 secured limited recourse exchangeable bonds exchangeable into the ordinary voting shares of Gulf Finance House B.S.C.

Magnetar Financial LLC in connection with the subscription by various of its investment funds for Irish-listed credit linked notes issued by Jano Project Finance (2010-1) Limited, an Irish-incorporated special purpose company.

Goldman Sachs as lead arranger on the issue of notes of up to USD 613,000,000 due 2018 by three issuers, UHL (A) (SPV) Limited, UHL (B) (SPV) Limited and UHL (C) (SPV) Limited, secured over the shares each issuer holds in a company set up as a joint venture with Danone S.A. in respect of the joint venture parties' merged business in the CIS, and also over a put option granted by Danone S.A. to each of the issuers over their shares in the joint venture company.

CTF Holdings Limited (CTF) in connection with the establishment of a USD 350,000,000 guaranteed secured loan notes programme by Luckyworth Limited, a wholly owned subsidiary of CTF, (the Series A Issuer) and the first issue of USD 215,000,000 notes due 2012 thereunder.

Diageo plc on a contribution of £367,000,000 to its defined benefit pension scheme and a subsequent investment by the pension scheme in a partnership structure backed by maturing whisky assets of the Diageo group.