Clifford Chance advises a German syndicate of banks in relation to the financing of two wind farms in southern Ontario, Canada. The syndicate of lenders consisting of KfW IPEX-Bank and Landesbank Hessen-Thüringen Girozentrale provides debt finance in the form of EUR and CAD facilities for the construction of the two wind farm projects Springwood and Whittington. Further wind farm projects in that region shall follow.

Nabarro has advised long-standing client, Oriel Securities on its proposed sale to Stifel Financial Corp., the US listed financial services group.  The transaction involves a mix of cash and share consideration of an undisclosed sum.  The Nabarro team began work with Oriel shortly after its formation over a decade ago during which time there have been various financing and other transactions as well as numerous advisory mandates acting for Oriel as adviser/broker.

Clifford Chance has advised Maybank Investment Bank Berhard as the placement agent on the international law aspects of the sale of 230 million shares of SapuraKencana Petroleum Berhad by Seadrill Limited, which raised RM989 million (approximately US$300 million).

Clifford Chance advised the joint lead banks Deutsche Bank and BofA Merrill Lynch in connection with the capital increase of LANXESS AG. The transaction involved the offering of 8.3 million new shares to institutional investors in private placements via an accelerated bookbuilding. Subscription rights of existing shareholders of LANXESS AG were excluded. The capital increase resulted in gross proceeds to LANXESS AG of 430 million Euro.

LANXESS is a German specialty chemical group which intends to refocus and restructure its business with the capital increase as the first step.

Ashurst advised a consortium comprising pbb Deutsche Pfandbriefbank AG and ERGO Lebensversicherung AG on the financing of the new urban quarter "Schwabinger Tor" in Munich. Real estate company Jost Hurler Beteiligungs- und Verwaltungsgesellschaft GmbH & Co. KG (Jost Hurler) is the borrower. The financing volume amounts to approximately €388 million.

Herbert Smith Freehills is pleased to announce that the Greater China debt capital markets team has advised on three separate bond issuances in Hong Kong over the past four weeks. The deals have raised a total of US$4.1 billion.

The firm acted for two major Chinese banks on dim sum bond issuances—RMB2.5 billion (US$413 million) of yuan-denominated bonds by Industrial & Commercial Bank of China and RMB1 billion (US$165 million) of yuan-denominated bonds by China Merchants Bank Co. Ltd.

Herbert Smith Freehills has advised China Development Bank International Holdings (CDBIH) on its HK$1.45 billion subscription of shares in Hong Kong- and Singapore-listed China New Town Development Company Limited.

The subscription gives CDBIH, a wholly-owned subsidiary of state-owned China Development Bank Corporation, 5,347,921,071 shares representing approximately 54.32% of the total number of shares issued. The subscription makes CDBIH the controlling shareholder of China New Town Development, a China-focused real estate developer.

Allen & Overy advised the Export-Import Bank of the United States (US Ex-Im), as lender, in the USD471 million debt financing to Kingsbridge Ltd (Kingsbridge), the holding company of Asia Broadcast Satellite’s (ABS) group of operating companies, for the procurement, construction, launch and operation of three new satellites.

Herbert Smith Freehills has advised the Joint Lead Managers of Westpac Banking Corporation’s (Westpac) offer of hybrid securities known as Westpac Capital Notes 2 (Notes), which are fully paid, non-cumulative, convertible, transferable, redeemable, subordinated, perpetual, unsecured notes of Westpac (Offer). The Offer was launched on 7 May 2014 and is expected to raise approximately A$750 million, with the ability to raise more or less.

The Notes are being offered at an issue price of $100 each and are expected to be quoted on the ASX.

Watson, Farley & Williams (“WFW”), advised sole lead arranger CIT Maritime Finance, in relation to a US$95.2 million senior secured credit facility it provided to Heron Ventures. The financing supports Heron’s acquisition of a fleet of 12 drybulk vessels and related assets from bankrupt Italian shipping company Deiulemar Shipping.