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Big Law

Sydney bank branch advised on $800m deal

The Sydney branch of The Bank of Tokyo-Mitsubishi has been advised by one firm on a transaction worth $800 million in value.

March 15, 2017 • By Emma Musgrave
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Firm: Ashurst (The Bank of Tokyo-Mitsubishi – Sydney branch)

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Deal: The Sydney branch of The Bank of Tokyo-Mitsubishi (BTMU) has been advised on a combined transferable certificates of deposit issuance.

 
 

Value: $800 million

Area: Debt capital markets

Key players: The legal team advising The Sydney branch of The Bank of Tokyo-Mitsubishi was led by Ashurst partner Jamie Ng (pictured).

Deal significance: A statement from Ashurst said that the firm “advised BTMU in relation to an issue of $650 million Floating Rate Transferable Certificate of Deposit, due 9 March 2021; and $150 million, 3.25 per cent. Fixed Rate Transferable Certificates of Deposit, due 9 March 2021, under $6 billion Transferable Certificate of Deposit Programme. The issuance was subscribed to by the joint lead managers and the co-manager”.

The joint lead managers were listed as MUFG Securities EMEA plc, Morgan Stanley Australia Securities Limited, Australia and New Zealand Banking Group Limited, National Australia Bank Limited, and Westpac Banking Corporation.

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The co-manager was listed as Royal Bank of Canada.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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