CC lands shipper’s bond issuance

Clifford Chance has secured a second deal in the lucrative shipping market, advising container vessel company CMA CGM on a bond issuance. The magic circle firm advised lead arrangers JPMorgan, Barclays and BNP Paribas on CMA CGM’s upsized issuance of €500m (£341.35m) in senior notes. The notes are a follow-on from last year’s $300m (£152.31m) worth of senior notes. The lead partner at Clifford Chance Michael Dakin said: “This is a very exciting and dynamic industry and we feel we have enough experience and knowledge to work on deals in this arena.” Clifford Chance also advised on CMA CGM’s €253m (£172.72m) securitisation of container vessels in February last year.