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Finance & Banking

Simpson Thacher Represents Initial Purchasers in $250 Million Debt Offering by Sociedad Química y Minera de Chile S.A.

31 Oct 2014

Simpson Thacher represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Scotia Capital (USA) Inc., as initial purchasers, in connection with an offering of US$250 million of 4.375% Notes due 2025 by Sociedad Química y Minera de Chile S.A.  The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.

Addleshaw Goddard advises on 1st initial public offering out of Hong Kong office

31 Oct 2014

Addleshaw Goddard's Hong Kong equity capital markets team has recently advised on the successful listing by Nga Chun Holdings Company Limited (Nga Chun) on the Main Board of the Hong Kong Stock Exchange. The team advised the sponsor, Ample Capital Limited and the underwriters, Ample Orient Capital Limited and Convoy Investment Services Limited.

Shearman & Sterling Advises on Financing of Mexico’s New Airport

31 Oct 2014

Shearman & Sterling advised Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa, BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, Citigroup Global Markets Inc. and HSBC Bank USA, N.A., as joint lead arrangers and joint bookrunners, in connection with a $1 billion financing, the first stage of the proposed $12.9 billion financing, related to the development and construction of a new airport in Mexico City, a project described as Mexico's biggest infrastructure project in recent years and among the largest in the world.

Ingersoll-Rand Luxembourg Finance S.A. $1.1 Billion Senior Notes Offering

31 Oct 2014

Davis Polk advised Goldman Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of senior notes by Ingersoll-Rand Luxembourg Finance S.A. The offering consisted of $300 million aggregate principal amount of 2.625% notes due 2020, $500 million aggregate principal amount of 3.550% notes due 2024 and $300 million aggregate principal amount of 4.650% notes due 2044.

Ashurst advises international banks on financing of acquisition of CHRIST, a leading German jewellery and watch retailer

31 Oct 2014

Ashurst advised an international consortium of banks comprising Commerzbank Aktiengesellschaft, IKB Deutsche Industriebank AG, ING Bank N.V. and Société Générale on the financing of the acquisition of the CHRIST jewellery stores by finance investor 3i. CHRIST, a unit of German retailer Douglas, was sold by Al Beauty SCA, a company indirectly controlled by the Kreke family and Advent International.

Clifford Chance advises on financing for Nam Ngiep 1 hydropower project JBIC's first project financing loan to Laos

30 Oct 2014

Clifford Chance has advised Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), and four Thai banks: Bangkok Bank, Export-Import Bank of Thailand, Kasikornbank and Siam Commercial Bank on the financing of the 290 MW Nam Ngiep 1 cross-border hydropower project in Lao People's Democratic Republic (Lao PDR). This is JBIC's first project financing loan to Laos.

Clifford Chance advises on financing for the largest wind power project in the Philippines

30 Oct 2014

Clifford Chance has advised Eksport Kredit Fonden (EKF) and a group of local and international lenders on the US$315 million financing for the 150MW Burgos Wind Project in the Philippines.

Burgos Wind Project is sponsored by Energy Development Corporation (EDC) and is aiming to be the first wind project to benefit from the new feed-in-tariff regime for renewables in the Philippines. Once operational, it will be the largest wind farm in the country.

Clifford Chance advises on Bank of China's US$6.5 billion offering of additional tier 1 preference shares Ground breaking issue is world's biggest of contingent convertible capital

30 Oct 2014

Clifford Chance has advised the lead managers and the fiscal agent on Bank of China Limited's US$6.5 billion (RMB39.94 billion) offering of Basel III-compliant additional tier 1 preference shares. The lead managers were BOCI, BNP Paribas, China Merchants Securities, CITIC Securities, Citigroup, Credit Suisse, HSBC, Morgan Stanley and Standard Chartered Bank. The fiscal agent was The Bank of New York Mellon, London Branch. This is the first offshore additional tier 1 capital issue from a Chinese bank.

White & Case Advises Bank Syndicate on Numericable Group's €4.7 Billion Capital Increase

30 Oct 2014

White & Case LLP has advised the syndicate of banks led by Deutsche Bank and Morgan Stanley and including Barclays, BNP Paribas, Credit Agricole Corporate and Investment Bank, Credit Suisse Securities Limited, Goldman Sachs and J.P. Morgan Securities, acting as Joint Lead Managers and Joint Bookrunners, on Numericable Group's €4.7 billion capital increase.