King & Wood Mallesons (KWM) has advised ME Bank on Australia’s third-ever wholesale Additional Tier 1 Capital deal – and the first to feature write-off only (rather than conversion) at the point of non-viability. 
 
ME Bank has issued A$200 million of Additional Tier 1 Capital-qualifying unrated Capital Notes via National Australia Bank and Westpac Institutional Bank.  The transaction is intended to support ME’s capital adequacy.
 

Firm advises sponsors on $1.74 billion financing of Cirebon coal-fired power plant expansion project in Indonesia

Latham & Watkins advised the sponsors in the US$1.74 billion financing for the development of the Cirebon coal-fired power plant expansion project in Indonesia.

Allen & Overy has advised Citigroup, Deutsche Bank, J.P. Morgan and Maybank as the joint lead managers and joint bookrunners in connection with the debut US dollar high yield bond issuance by Press Metal (Labuan) Ltd., an issuing SPV wholly owned by Press Metal Aluminium Holdings Berhad (Press Metal). The issuance was guaranteed by Press Metal together with certain of its subsidiaries.
The US dollar-denominated 4.80% bond, which was over-subscribed by 9.5 times, raised USD400 million for Press Metal and was the first high yield bond offering out of Malaysia in over a decade.

Norton Rose Fulbright has advised Credit Suisse, Goldman Sachs and Morgan Stanley as joint global co-ordinators and joint bookrunners on the initial public offering of Landscape Acquisition Holdings Limited (Landscape), a special purpose acquisition company (of SPAC) that intends to focus on acquiring a business likely with a real estate component and all or a substantial part of its activities in North America or Europe.

Watson Farley & Williams (“WFW“) has advised UniCredit S.p.A. on the circa €40m project financing of a 54 MW wind plant located in Grottole Municipality, in the Basilicata region of Italy.

The plant is owned by an SPV of Fri-El Group, one of Italy’s leading green energy company, active in the Italian wind sector since 2002.

UniCredit is a major Italian global banking and financial services company.

Skadden is advising China-based Jianpu Technology Inc. on its $180 million initial public offering of American depositary shares and listing on the New York Stock Exchange. The firm also is advising on Jianpu Technology’s $40 million concurrent placement.

Global law firm White & Case LLP has advised initial purchasers BNP Paribas, UniCredit Bank AG, Banca Akros S.p.A. – Gruppo Banco BPM, Banca IMI and MPS Capital Services on the €325 million high yield issuance of 6% senior unsecured notes due 2023 by Cooperativa Muratori & Cementisti - C.M.C. di Ravenna Società Cooperativa.

The notes have been issued pursuant to Rule 144A and Regulation S under the Securities Act, and are listed on the Luxembourg Stock Exchange.

Kirkland & Ellis is representing Midea International Corporation Company Limited (the offeror), a wholly-owned subsidiary of Midea Group Co., Ltd. (000333.SZ), on its proposed US$237 million privatization of Welling Holding Limited (HKSE: 382) by way of a scheme of arrangement.

The Kirkland team is led by Hong Kong corporate partners Nicholas Norris and Joey Chau.

The 1,000 MW coal-fired power plant using cutting-edge ultra-supercritical technology will be one of Asia’s largest expansion projects

Slaughter and May advised International Finance Facility for Immunisation Company (“IFFIm”) on its issuance of US$300 million Floating Rate Notes due 2020 (the “Notes”) pursuant to its Global Debt Issuance Programme. The Notes provide investors with an opportunity to fund immunisation programmes by the GAVI Alliance, helping protect millions of children in the world's poorest countries against preventable diseases.