Shearman & Sterling represented the underwriters, led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with CSX Corporation’s public offering of $500 million aggregate principal amount of its 3.700% Notes due 2023.

CSX Corporation is a leading provider of traditional rail services and transportation for intermodal containers and trailers. The proceeds of the offering will be used for general corporate purposes.

National law firm DWF has advised investment bank Numis Securities Limited (‘Numis Securities’), the nominated adviser and broker to In-Deed Online plc (‘In-Deed’), on the acquisition by In-Deed of leading international e-learning business Epic Group Limited (‘Epic’) and the admission of the group to trading on the AIM market of the London Stock Exchange.  The acquisition constituted a reverse takeover for In-Deed.

Norton Rose Fulbright has advised a syndicate of thirteen banks in relation to unsecured US$1.159 billion and AED 1.609 billion syndicated facilities for Majid Al Futtaim Holding LLC (MAF). The bank group comprised of Abu Dhabi Commercial Bank PJSC, First Gulf Bank PJSC, Barclays Bank PLC, Crédit Agricole Corporate and Investment Bank, Emirates NBD Bank PJSC, HSBC Bank Middle East Limited, Standard Chartered Bank, Mashreqbank PSC, Doha Bank, Union National Bank PJSC, National Bank of Kuwait - Dubai Branch, Arab Bank PLC and Samba Financial Group, Dubai Branch.

Hong Kong/Shanghai: Clifford Chance has advised BOC International, CITIC Securities, JP Morgan, Morgan Stanley and UBS, as joint global coordinators of Huishang Bank Corp.'s (Huishang Bank) US$1.19 billion (approximately HKD9.21 billion) listing on the Main Board of the Stock Exchange of Hong Kong.

Huishang Bank, a regional bank based in the eastern Chinese province of Anhui, sold a total of 2.61 billion H-shares and priced its shares at HKD3.53 each. The Chinese bank started trading in Hong Kong on Tuesday, 12 November 2013.

Milbank, Tweed, Hadley & McCloy advised four principal lenders in an $800 million syndicated financing for Ternium México S.A. de C.V., a leading steel, plastics, and aluminum processor that is the Mexican arm of Luxembourg-based steel concern Ternium SA (NYSE:TX).

Sheffield-based marine safety and equipment supplier International Mining and Marine (IM&M) has undergone a Management Buy-out (MBO) with the support of HSBC and law firm, Irwin Mitchell.

The company has been acquired by existing Director and General Manager Mark Westerman, who has increased his stake in the business from 25% to 87.5%. Company founder Alan Justice will retain a 12.5% stake.

Milbank, Tweed, Hadley & McCloy has advised underwriters in structuring $797 million in enhanced equipment notes issued by Virgin Australia Holdings Limited.  The offering represents the Australian carrier’s first foray in the global debt markets.

Milbank represented Goldman Sachs, Credit Agricole, and Natixis in the transaction, which is being offered in four separate investor tranches.

Davis Polk advised BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman, Sachs & Co. and Mitsubishi UFJ Securities (USA), Inc. as the joint book-running managers in connection with a registered offering by Kentucky Utilities Company of $250 million aggregate principal amount of 4.65% first mortgage bonds due 2043. The bonds are secured by a first mortgage lien on substantially all of Kentucky Utilities Company’s real and tangible personal property located in Kentucky and used in the generation, transmission and distribution of electricity. 

Linklaters has advised the underwriters Bank of America Merrill Lynch and Halk Yatirim on Emlak Konut's $1.6 billion secondary public offering, which has announced today.  This is not only the largest share offering in Turkey in 2013, it is also the largest primary offering of shares across Central and Eastern Europe, the Middle East and Africa region this year.  It is also the largest share offering in the real estate sector in Europe in more than five years.

Clifford Chance advised Bank Deutsches Kraftfahrzeuggewerbe GmbH as originator on a EUR 1 billion German auto loan securitisation. The auto loans, relating to new and used vehicles, were originated and sold by Bank Deutsches Kraftfahrzeuggewerbe GmbH to Red & Black Auto Germany 2 UG (haftungsbeschränkt).

The transaction, arranged by Société Générale S.A., is the second in the Red & Black Auto Germany securitisation. The portfolio comprises loans to businesses and commercial customers in Germany.