The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Linklaters land LSE bond issue appointments" />Freshfields Bruckhaus Deringer and Linklaters have bagged roles in the debut bond issue by the London Stock Exchange (LSE) as the bourse remains subject to speculation of a takeover bid.
The £250m 10-year bond was placed at the end of last month (22 June) and was more than 100 per cent over- subscribed. The sale was co-managed by Barclays Capital, JPMorgan, Cazenove and Royal Bank of Scotland. Proceeds from the bond will refinance existing bank debt.
Linklaters acted for the co-managers, led by partner Jane Brown and assisted by Grace Oon. The firm also acted for the trustee, HSBC Trustee, led by partner Jasper Evans.
Freshfields retained its role as the chief legal adviser to the LSE. Partner Stephen Revell headed the Freshfields team. Freshfields is also advising the LSE on its defence against various takeover bids.
The speculation that the LSE might still be subject to a change of ownership led it to improve the terms of the bond issue to reassure investors. The exchange offered better terms on the yield and stricter covenants to ensure the issue was well placed. A change-of-control clause commits the LSE to buy back the bonds if the company falls below investment grade.