Davis Polk advised N.V. Bank Nederlandse Gemeenten (to be renamed BNG Bank N.V.) in connection with the annual update of its €100 billion Rule 144A/Regulation S debt issuance program. In the 12 months prior to the update, Davis Polk advised BNG Bank in connection with senior notes issuances totaling $11.0 billion.
BNG Bank is a specialized lender to local and regional authorities as well as to public-sector institutions such as utilities, housing, health care, welfare and educational institutions and is the largest public-sector lender in the Netherlands and the principal bank for the Dutch public sector in terms of loans, advances and inter-governmental money transfers. BNG Bank also provides limited lending to public-private partnerships.
The Davis Polk corporate team included partner Reuven B. Young (Picture), counsel Connie I. Milonakis and associates Ida Araya-Brumskine and Catherine Billiet. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Counsel Ann Becchina and associate Timothy John Durbin provided executive compensation advice.
Involved fees earner: Reuven Young – Davis Polk & Wardwell; Connie Milonakis – Davis Polk & Wardwell; Ida Araya-Brumskine – Davis Polk & Wardwell; Catherine Billiet – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Ann Becchina – Davis Polk & Wardwell; Timothy John Durbin – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Bank Nederlandse Gemeenten;