Travers Smith LLP has acted for Numis Securities Limited in its capacity as sole sponsor, financial adviser and bookrunner on the £31.4 million firm placing and placing & open offer of new ordinary shares issued by Norcros plc.

Norcros is the market leading supplier of innovative branded showers, taps, bathroom accessories, tiles and adhesives. The proceeds of the fundraise are to be used to part fund the £60m acquisition of Merlyn Industries Limited, a market leading, innovative designer and distributor of mid to high end branded shower enclosures.

Eversheds Sutherland has advised Bayerische Landesbank (BayernLB) on the financing of 100 New Oxford Street, London, a mixed-use commercial property. BayernLB financed 50 per cent of the £180 million purchase price.

Acquired by AEW (for two German institutional investors), one of the world's largest real estate asset manager, and Thor Equities, a leading development, leasing and management company, 100 New Oxford Street houses shops, restaurants and offices.

Paul Hastings, a leading global law firm, announced today that the firm advised Morgan Stanley and HSBC as the joint sponsors and Morgan Stanley, HSBC and Citi as the joint global coordinators and joint bookrunners in Hong Kong apparel manufacturer Crystal International Group Limited’s (“Crystal Group”) US$491 million Hong Kong IPO.

Shearman & Sterling advised Hexindai Inc. on its approximately $50 million initial public offering of American Depositary Shares on the NASDAQ Global Market. The successful completion marks the first consumer lending marketplace in China to list on the NASDAQ Global Market and the fourth Chinese company of such type to list in the U.S. to date.

The American Depositary Shares of Hexindai, priced at $10 each in the IPO, rose 26.6 percent to $12.66 on its debut on November 3, 2017. Network 1 Financial Securities acted as the underwriter for the offering.

The Firm represented the underwriters, led by Citigroup, Merrill Lynch and HSBC, in connection with the offering of US$500 million principal amount of Currency-Linked Zero Coupon Convertible Bonds (the “Bonds”) by Hon Hai Precision Industry Co. Ltd. (“Hon Hai”), also known as FoxConn. Hon Hai is headquartered in Taiwan and is the world's largest contract electronics manufacturer. The common shares of Hon Hai are traded on the Taiwan Stock Exchange under the trading code “2317.” The Bonds are listed on the Singapore Stock Exchange.

Ashurst is advising Credit Suisse International in relation to the £1.1 billion recommended cash offer for Aldermore Group plc by FirstRand International Limited. 

DLA Piper has advised Allianz and ING on a EU160 million syndicate loan for the financing of a portfolio of industrial properties owned by CTP, a full-service commercial real estate developer and manager in the Czech Republic.

The loan serves both to refinance existing loans from a group of CEE banks and to finance new projects which have been completed in 2017. The refinancing with Allianz and ING is part of CTP's ongoing strategy to extend its network of financing partners, including seeking partners outside the CEE region.

Global law firm Norton Rose Fulbright has advised Eurobank in relation to its €500m covered bond issue, the bank’s first publicly listed covered bond since before the global financial crisis.

The bond has a Conditional Pass Through structure and has fixed interest rate, with a 3-year tenor and 2.75% annual coupon. The covered bond was priced at 99.349%, leading to a final 2.98% yield.

International law firm Watson Farley & Williams (“WFW”) has advised the lenders as lead counsel in relation to a US$318m syndicated senior loan facility which finances the acquisition of five newbuildings built by Hanjin Heavy Industries and Construction Philippines, Inc, by certain subsidiaries of CMB Financial Leasing (“CMBFL”). The vessels will be bareboat chartered upon delivery to Seaspan Corporation, a NYSE-listed container management company, and then sub-chartered to a leading global container shipping company.

Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $600 million aggregate principal amount of its floating-rate notes due 2022, $400 million aggregate principal amount of its 2.50% notes due 2020 and $1 billion aggregate principal amount of its 3.00% notes due 2022.

KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises conducting overseas business.