Irwin Mitchell has advised Peel Hunt, the corporate broker, on the AIM IPO of Circle Property completed this week. The IPO values the regional property investment company at £42 million.
Ashurst has advised the Commonwealth Bank of Australia (CBA) on an Offer of unsecured, subordinated notes (CommBank PERLS VIII Capital Notes), seeking to raise up to A$1.25 billion, net profits of which will be used to fund CBA's business.
The Offer, which includes a Broker Firm Offer, a Reinvestment Offer and a Securityholder Offer, will raise Tier 1 Capital to satisfy CBA's regulatory capital requirements and maintain the diversity of CBA's sources and types of funding. The net proceeds of the Offer will be used to fund CBA's business.
DLA Piper has acted for Nord/LB and Hastings’ advised funds on the hybrid financing of the Cloghboola operational wind farm in County Kerry, Republic of Ireland bought by Gaelectric (a leading developer and operator of renewable energy projects in wind, bioenergy and solar across the UK, Republic of Ireland and the US) from Enercon on the same day as the financing.
Cloghboola is a 16 turbine (46MW) wind farm, which became operational in 2015.
Linklaters has advised on one of the largest and most complex project financing deals along the China-Pakistan Economic Corridor.
Pakistan and China have signed financing agreements amounting to approximately US$1.95 billion for the development of the Thar Block II 3.8 MT/A coal mining project and associated 2x330MW coal-fired power plant to be developed in the Thar region of Pakistan. The project is expected to be commissioned in 2018.
Clifford Chance has advised GF Securities (Hong Kong) Brokerage Limited as the sole placing agent on Dalian Port Company Limited's proposed placement of up to 1,475,400,000 billion new H shares under specific mandate. The first tranche of the placement was for 1,180,320,000 shares, subscribed by China Merchants Holdings (International) Company Limited at the price of HK$3.67.
Partner Tim Wang led the deal and was supported by senior associate Yufei Liao and associate Claire Cao.
Noerr provided comprehensive advice to payleven Holding during its Series D funding round involving $10m. As part of the transaction, the venture capital fund Seventure Partners is also acquiring a stake in the company as another investor.
A fund managed by J.P. Morgan Asset Management -Real Global Assets has sold the office building Theodor-Heuss-Allee 50 in the west of Frankfurt’s city centre with approximately 31,800sqm to an open-end fund managed by the French asset manager Amundi Real Estate and the Finnish pension insurance company Ilmarinen. The office building is fully let to Commerzbank AG.
Hengeler Mueller, alongside BNP Paribas Real Estate and CBRE Group, advised the sellers on all legal aspects of the share deal transaction, including the refinancing of
Watson Farley & Williams (“WFW“) has advised a syndicate of banks on all maritime aspects of the refinancing, via high yield bond issues and senior secured credit lines, of Onorato Armatori S.p.A. (“Onorato”) and its subsidiaries Moby S.p.A. (“Moby”) and Compagnia Italiana di Navigazione S.p.A. (“CIN”). Moby and CIN are market leading Italian companies in the maritime passengers and Ro-Ro transportation sectors.
Simpson Thacher, acting as sole international counsel, represented The Hongkong and Shanghai Banking Corporation Limited as Dealer in connection with the offering of HK$780 million 1.83% Fixed Rate Notes due 2018 by Korea Land & Housing Corporation under its U.S.$1 billion Global Medium Term Notes Program. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended, and settled through the Central Moneymarkets Unit (CMU) Service operated by the Hong Kong Monetary Authority.
Sidley has advised the underwriters, led by Morgan Stanley & Co. LLC, in connection with Morgan Stanley’s SEC-registered global offering of $5.5 billion aggregate principal amount of senior notes. The three-tranche offering was comprised of $2 billion of 2.450% fixed rate senior notes due 2019, $500 million of floating rate senior notes due 2019 and $3 billion of 3.875% fixed rate senior notes due 2026. The transaction settled on January 27, 2016.