On 9 November 2017, China Development Bank (CDB) announced its issuance of US$1.66 billion green bonds, marking the debut of CDB’s Silk Road Green Bond in the international green bond market, and a significant milestone and reference for future Chinese green bond issuers.

Shearman & Sterling advised the underwriters of Venator Materials’ follow-on offering of 21,764,800 ordinary shares at a public offering price of $22.50 per share. All of the ordinary shares were sold by Huntsman Corporation through its subsidiary, which received approximately $489.7 million in gross proceeds from the offering. The ordinary shares are listed on the New York Stock Exchange under the ticker symbol “VNTR.”

Shearman & Sterling advised Citigroup Global Markets, Credit Suisse Securities, RBC Capital Markets, Barclays Capital, CIBC World Markets and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint book-running managers, in connection with Yamana Gold Inc.’s (Yamana) private placement, pursuant to Rule 144A and Regulation S, of $300 million aggregate principal amount of 4.625% senior notes due 2027.

Shearman & Sterling advised Japan Bank for International Cooperation (JBIC) and Mizuho Bank as lenders and Nippon Export and Investment Insurance (NEXI) in relation to the development and financing of the 350 MW solar power project in Andhra Pradesh, India. SBG Cleantech ProjectCo Private Limited (SBG Cleantech), an Indian subsidiary of SoftBank Group Corp., is the developer of the project.

Global law firm White & Case has advised J.P. Morgan as Global Co-Ordinator, together with Banca IMI, Santander, Banca Akros and Kommunalkredit, on a landmark project bond financing for the construction of the Superstrada Pedemontana Veneta toll road in the Veneto region of Italy.

The transaction comprises the issuance of €1.221 billion variable rate senior secured amortizing notes and €350 million step-up subordinated secured notes in an innovative "bond only" capital structure where the junior notes provide a capital cushion during the construction phase.

    Deal comprises the construction, refurbishment and operation of a 912km railway line through Mozambique and Malawi
    Project is catalyst for what is expected to be significant regional development

Davis Polk advised IHS Markit Ltd. in connection with its Rule 144A/Regulation S offering of $500 million aggregate principal amount of its 4.00% senior notes due 2026. IHS Markit intends to use the net proceeds from the offering to repay amounts outstanding under its revolving credit facility.

IHS Markit is a leading globally diversified provider of critical information, analytics and expertise with deep sources of information, analytics and solutions for the world’s major industries, financial markets and governments.

Global law firm White & Case LLP has advised the bank syndicate led by Citi, as global coordinator, and including Crédit Agricole CIB as joint lead manager and joint bookrunner, on the approximately €200 million issuance of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) by Maisons du Monde, a French furniture and home decor company listed on Euronext Paris.

Leading international law firm Clifford Chance advised ICBC's Sino-Central Eastern European Fund on the admission of Hungary's EX-IM Bank to the Fund. Chinese Premier Li Keqiang arrived in Hungary this past Sunday for an official visit to the country and the sixth meeting of heads of government of China and 16 Central and Eastern European Countries (CEEC) in Budapest.