Deutsche Bank has announced that its Trust and Agency Services unit has fulfilled a number of roles in a transaction around the refinancing of Copenhagen Airports Denmark ApS (CAD), which owns 57.7% of Copenhagen Airports A/S. CAD is jointly controlled by Ontario Teachers’ Pension Plan Board and Macquarie European Infrastructure Fund 3. The transaction closed on 19 February 2014.
Deutsche Bank is facility agent for the European private placement, paying agent for the three tranches of the US private placement and security agent.
The €760m equivalent deal comprised bank debt, US private placement notes – in Danish krone, euros and US dollars fixed rate tranches – and a European private placement – in Danish krone and euros. Credit Agricole advised on the deal. The transaction involved cross-franchise cooperation between Deutsche Bank teams in London, New York and Luxembourg.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more