Ashurst is advising Asian Development Bank, Bangladesh's Roads and Highways Department ('RHD') and the Public Private Partnerships Authority of Bangladesh ('PPPA') on a project involving the improvement of the Hatirjheel-Rampura-Bonoshree Ideal School and College-Sheikherjaiga-Amulia-Demra Highway into 4-lanes (including a link to Chittagong road intersection and access to Tarabo) through public private partnership.
Linklaters has advised on the recent $4bn bond issue by the Egyptian sovereign. The bonds were issued at three maturities with a five-year and 10-year tranche raising $1.25bn each and a 30-year tranche raising $1.5bn.
The bonds are listed solely on the London Stock Exchange, taking the total number of African sovereign bonds listed in London to 19, including those by Gabon, Ghana, Nigeria and Zambia.
DLA Piper has advised a consortium of five leading international banks led by Deutsche Bank AG as mandated lead arrangers in connection with a US$ 175 million secured term loan facility to three Barbados borrowers, which indirectly own Excel Centre, a grade-A office tower with a total space of over 41,000 square meters located in Beijing’s Financial Street.
King & Wood Mallesons (KWM) advised a consortium of banks lead by Bank of China, ICBC, China Construction Bank and Export-Import Bank of China, in the EUR 3.7 billion Refinancing of Midea Gruppe in connection with the acquisition of German KUKA AG.
KUKA AG, one of the leading producers of intelligent automation solutions, was acquired by Chinese Midea Group in 2016. Initially, Midea Group agreed a short term acquisition financing, which was now refinanced for a longer term.
Simmons & Simmons’ TMT team has advised First Abu Dhabi Bank (“FAB”), the largest bank in the UAE, on the launch of ‘payit’: the nation’s first full featured digital wallet. The service, which is now available on app stores, is available to all individuals with a valid Emirates ID. ‘Payit’ allows users to send and receive money and its launch is an important step in the UAE’s goal of becoming a cashless economy.
Beijing & Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm advised ICBC International in its investment into JD Logistics’ US$2.5 billion Series A financing. JD Logistics is the warehousing and shipping subsidiary of China’s second-largest ecommerce player JD.com. This marked the largest single financing in China's logistics industry so far.
Other investors included Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, China Life, China Development Bank Capital FOF and China Structural Reform Fund.
Global law firm White & Case LLP has advised a bank syndicate led by BNP Paribas, HSBC, J. P. Morgan and UniCredit on the €275 million high yield bond issuance by Nordex, a wind turbine manufacturer.
The high yield bond has a maturity of five years and a 6.5% coupon rate. The proceeds from the placement will be used for the early repayment of existing liabilities. The bond is certified as a ‘Green Bond’ by the Climate Bonds Initiative.
DLA Piper has advised Deutsche Bank on its special situations investment in Australian listed Paladin Energy Limited (PEL), which holds substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states.
Project uses NLP and AI to save hundreds of hours of manual processing time
International law firm Pinsent Masons has advised ING and Commonwealth Bank of Australia (CBA) on the successful completion of a pilot RegTech program to simplify the processing of information and the implementation of the Markets in Financial Instruments Directive II (MiFID II).
Frankfurt/Main – Sixt SE has successfully placed a bond worth EUR 250 million with German and international investors.
The joint lead managers of the issue were Bayerische Landesbank, Commerzbank Aktiengesellschaft and Deutsche Bank Aktiengesellschaft. A team headed by CMS partner Oliver Dreher advised the banks on the issue. The team led by Dreher has also previously acted on behalf of the banking side in capital market transactions involving SIXT SE.