Sunrise announced today the launch of its initial public offering ("IPO") on the SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding process. Trading is expected to commence on 6 February 2015. With an offer size of CHF 1.6 billion, the Sunrise IPO constitutes by far the largest Swiss IPO of the last 10 years and the first IPO in the Swiss telecommunications sector since 1998.
Vontobel enters the Swedish market for structured products by issuing and listing some 350 different types of certificates and warrants to Swedish investors.
Vontobel is a globally oriented Swiss private banking group headquartered in Zurich. Vontobel specializes in wealth and asset management for private clients and institutional investors, as well as investment banking.
Charles Russell Speechlys were pleased to act for S P Angel as nominated adviser on the admission of Aquatic Foods Group Plc to AIM on 3 February. Aquatic raised £9.3 million through the issue of 13.2 million shares at 70 pence each. Based on the placing price, this makes it the largest IPO to AIM market of 2015.
FPE Global, the materials handling and process engineering group, has moved its banking to Lloyds Bank Commercial Banking after securing new funding worth £3.7m.
The funding package includes a £2.25m trade finance facility which will provide working capital for FPE Global’s import and export activity and replaces the facilities provided by its previous banking partner.
Allen & Overy has advised Crédit Agricole Corporate and Investment Bank and Sumitomo Mitsui Banking Corporation on the refinancing of the 150 MW Houay Ho cross-border hydropower project located in the Lao People’s Democratic Republic.
Clifford Chance has advised Sun Hung Kai & Co (SHKCO) on the disposal of 70% of Sun Hung Kai Financial (SHKF), one of the largest Hong Kong-based brokerage and wealth management service providers, for HK$4.1 billion (US$528 million) to Everbright Securities Financial Holdings Limited, a wholly owned subsidiary of Shanghai-listed Everbright Securities Company Limited, China's eighth-biggest brokerage. The transaction was signed on 1 February 2015 and is subject to regulatory and shareholder approvals.
Clifford Chance has advised Haitong International Finance 2015 Limited, an offshore arm of Haitong International Securities, on the issue of US$700 million 4.2% guaranteed bonds due 2020 unconditionally and irrevocably guaranteed by Haitong International Securities Group Limited. Deutsche Bank, Haitong International, HSBC and Huatai Financial were the joint lead managers.
Partner Jean Thio led on the deal and said, "We were pleased to advise Haitong International on this issuance and assist them with their fund-raising activities."
Borenius advised the original finance parties in financing the acquisition by InfraVia European Fund II (an infrastructure fund managed by InfraVia) of the Kilpilahti electricity distribution network from Neste Oil Corporation.
InfraVia is an investment company specialised in the infrastructure sector. It manages two infrastructure funds which are both positioned as long term investors across the infrastructure and energy sectors in Europe.
White & Case LLP has advised Goldman Sachs on the issuance of its new, US$100 million 3 percent fixed rate bonds due 2025 and listing and admission to trading on the Borsa Italiana S.p.A.'s Electronic Bond Market (MOT).
The White & Case team in Milan which advised Goldman Sachs included partner Paola Leocani, local partner Paul Alexander and associate Baldassarre Battista.
Watson Farley & Williams (“WFW”) has advised the Paris branch of Deutsche Bank AG and Crédit Agricole Corporate and Investment Bank (“CACIB”) in relation to a Coface-supported loan facility for Axion Energy Argentina SA (“Axion”) in order to finance an extraction and sulfur processing unit project.