Leading global law firm Mayer Brown has advised Budapest Airport on the refinancing of €1.35 billion loan facilities and associated interest rate swaps.The refinancing includes a €1 billion five-year senior term loan and a €300 million junior facility.

Budapest Airport was acquired in 2007 by a consortium of investors including AviAlliance (formerly Hochtief Airport), Caisse de Depot et Placement du Quebec, the Government of Singapore’s investment arm Malton and KFW Ipex Bank. More >>

Addleshaw Goddard has advised Helaba and Handelsbanken London Moorgate branch (the German and Swedish banks respectively) on a £325 million loan to Tesco BL Properties Ltd (a joint venture between British Land and Tesco) secured on a portfolio of Tesco tenanted shopping centres. More >>

Hogan Lovells has advised Volkswagen Financial Services (VWFS) on its first public securitisation of UK automotive receivables since 2008. The transaction, which closed on 25 September, marks the highest-volume automotive ABS transaction to be completed in Sterling, with the Class A Notes and Class B Notes totaling approximately £1.2billion. More >>

Herbert Smith Freehills has advised the Investment Board of the Government of Nepal on its project development agreement (PDA) with a consortium led by Indian infrastructure company GMR (the GMR Group) to develop the 900 megawatt, US$1.4 billion hydroelectric Upper Karnali Hydro Power Project (the Project). The Project was awarded to the GMR Group through an international competitive bidding process in 2008 on a build-own-operate-transfer basis. More >>

Linklaters has advised the managers on four tranches of bonds issued by BSkyB. Proceeds from the bonds will help finance its acquisition of Sky Italia and a majority stake in Sky Deutschland from 21st Century Fox.

The €1.5 billion bond with a 1.5% coupon due 2021 and the €1 billion bond with a coupon of 2.5% due 2026 were issued pursuant to the £10,000,000,000 Euro Medium Term Note Programme of British Sky Broadcasting Group plc and BSkyB Finance UK plc, unconditionally and irrevocably guaranteed by British Sky Broadcasting Group plc, BSkyB Finance UK plc, British Sky Broadcasting Limited, Sky Subscribers Services Limited and Sky In-Home Service Limited. In addition Linklaters advised the managers on a US$750 million bond with a coupon of 2.625% due 2019 and a US$1.25 billion bond with a coupon of 3.75% due 2024 sold into the United States. More >>

Leading global law firm Mayer Brown has acted for BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets as Joint Lead Managers in the EUR 825 million (equivalent) Norwegian auto loan securitisation issued by Bilkreditt 6 Limited. More >>

Hogan Lovells has advised Reinsurance Group of America (RGA) on an index-based longevity swap transaction it has entered into with Delta Lloyd covering €12 billion of Delta Lloyd’s longevity reserves. The transaction completed on 22 August 2014.

This marks the first time that Delta Lloyd Levensverzekering N.V., the life insurance arm of the Dutch insurance, pensions and investments firm Delta Lloyd, has used the reinsurance market to transfer longevity risk. More >>