Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as representatives of the initial purchasers in connection with a Rule 144A offering by Euronet Worldwide, Inc. of an aggregate principal amount of $402.5 million of 1.5% convertible senior notes due 2044, which included $52.5 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ over-allotment option.

Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as joint book-running managers and the initial purchasers on a Rule 144A and Regulation S offering by K. Hovnanian Enterprises, Inc. of $250 million aggregate principal amount of 8.00% senior notes due 2019. The notes are guaranteed by Hovnanian Enterprises, Inc. and substantially all of its subsidiaries. Davis Polk also advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as solicitation agents in connection with K.

Davis Polk advised Lloyds Banking Group plc, a public limited company incorporated in Scotland, on its SEC-registered offering of $1 billion aggregate principal amount of 4.5% subordinated Tier 2 notes due 2024. Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Lloyds Securities Inc., Morgan Stanley & Co. LLC and Nomura Securities International, Inc. acted as joint bookrunning managers.   

Deacons has advised the sole sponsor Haitong International Capital Limited and the underwriters in relation to the global offering and Main Board listing of Austar Lifesciences Limited in Hong Kong.  Austar Lifesciences issued its prospectus on 28 October 2014. It is seeking to raise up to HK$390 million (subject to the exercise of over-allotment option) from the offering.

Zhong Lun advised Chinese commercial bank on the formation of its private equity fund management companies in Shenzhen and Beijing, also the subsequent fund raising.

Zhong Lun team, Led by partner Jason Liu, acted as legal counsel for the commercial bank. Zhong Lun’s working scope included drafting PE fund Management Companies formation documents, assisting QFLP application and round-tripping foreign exchange registration, drafting fund formation documents and assisting the closing.

We advised Goodbody and Credit Suisse in their roles as Joint Sponsors and Joint Bookrunners in connection with the firm placing and placing and open offer of 285,317,459 new ordinary shares in Hibernia REIT plc raising approximately €299.6m million. The new shares were admitted to the main markets of the Irish Stock Exchange and the London Stock Exchange on 4 November 2014.

Clifford Chance has advised the lead managers, Deutsche Bank, ANZ, BofA Merrill Lynch, BOC International and Morgan Stanley, on China Hongqiao Group Limited's issue of US$300 million 6.875% senior notes due 2018. This was the only Chinese high-yield bond priced in October. This transaction follows two other prominent high-yield deals on which Clifford Chance also recently advised: the Geely Automobile Holdings Limited US$300 million high-yield senior notes in September and Yingde Gases Group Company Limited US$250 million high-yield senior notes in August.

Simpson Thacher is representing NewStar Financial in connection with an investment by three Franklin Square business development companies (which are advised by GSO Capital) in $300 million of NewStar subordinated notes and warrants to purchase approximately 20% of NewStar's common stock.  The transaction is scheduled to close in stages, beginning at the end of this year and continuing through 2015.  Issuance of a portion of the warrants is subject to approval by NewStar's stockholders at a special meeting expected to be held within the next few months.

Paul, Weiss client Bank of America Corporation (BofA) and several of its directors and officers achieved a victory in the United States Court of Appeals for the Second Circuit. On appeal, the Second Circuit affirmed the decision by Judge P. Kevin Castel of the Southern District of New York approving BofA's $2.425 billion settlement of a consolidated class action asserting claims related to BofA's 2008 acquisition of Merrill Lynch & Co.

Paul, Weiss advised Arrow Global Group PLC, acting through its financing subsidiary, Arrow Global Finance plc, a purchaser and collector of debt portfolios with operations in the U.K. and Europe, on its offering of €225 million aggregate principal amount of senior secured floating rate notes due 2021. The proceeds from the offering will be used to acquire a complementary U.K.-based debt purchasing and collections business, Capquest, from its institutional owner, TowerBrook Capital Partners, L.P. The offering followed entry into commitment papers for a bridge financing.