Global law firm Eversheds has advised the International Finance Corporation on a $37m hospital PPP for the Cross River State Government, Nigeria. The project has now reached financial close.
The project comprises the design, construction, equipping and operation of a 105 bed referral hospital in Calabar. An operational contract was awarded to UCL Healthcare Services following a lengthy procurement process.
Herbert Smith Freehills has recently acted as international underwriters' counsel on Pegasus Airlines' US$330 million IPO and Borsa Istanbul listing and on Kazanci Holding's US$225 million offering and sale of shares in Aksa Enerji.
Herbert Smith Freehills has advised the joint lead managers of Australia and New Zealand Banking Group Limited’s (ANZ) offer of new Tier 1 hybrid securities known as ANZ Capital Notes (Notes), which are fully paid, mandatorily convertible, subordinated, perpetual notes issued by ANZ (Offer). The Offer raised A$1 billion, with the ability to raise more.
The Notes are offered at an issue price of $100 and are expected to be quoted on the ASX.
International law firm Freshfields Bruckhaus Deringer has advised the joint lead underwriters and joint lead bookrunners on the US$938m rights issue of PICC Property and Casualty Company Limited (PICC P&C).
PICC P&C, the Chinese state-controlled and China’s leading non-life insurer, has issued 418.2 million H-shares at HK$5.38 per share and 930 million domestic shares at RMB4.3 per share. PICC P&C has raised a total of RMB5.7bn (US$938m) from the rights issue and will use the proceeds to strengthen its capital base.
The German bank was the first international financial institution that issued such a bond in Taiwan. The so-called "Formosa bond" (issued in Taiwan borrowing in foreign currency), with a volume of 1.1 billion CNY the largest renminbi bond that has been issued in Taiwan. The bond will be listed on the Taiwan Stock Exchange GreTai, which Taiwanese private investors can invest directly in the bond.
Ashurst advised Bank of Ireland, BNP Paribas, HSBC, ING, Rabobank, Royal Bank of Scotland and Societe Generale as arrangers and underwriters of the £375 million refinancing of the Pret A Manger group. This marked a continuation of Ashurst's relationship with Pret A Manger since acting on the acquisition financing provided to Bridgepoint Capital in 2008.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has acted for Nordea Bank Norge ASA (“Nordea”) as lead arranger on the extension of an original loan facility of, originally, US$300 million to Euronav NV, one of the world’s leading independent tanker companies.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised IKaV Renewable S.à r.l (IKaV) on the acquisition of four ground-mounted photovoltaic plants in Sardinia, Italy from REC Systems Italy S.r.l. The plants have a total capacity of 8 MWp.
IKaV is a Luxembourg investment fund specialized in the renewable energy sector. The acquisition is the latest transaction for IKaV on which WFW’s multi-disciplinary and international team has successfully advised.
International law firm Stephenson Harwood LLP has advised on IBEX Global Solutions PLC's (IBEX) placing and admission to trading on the AIM market of the London Stock Exchange, which occurred on Friday 28 June 2013. Market capitalisation on admission was £58.1 million. Stephenson Harwood advised IBEX's nominated adviser and joint broker Liberum Capital Limited (Liberum), and joint broker Cenkos Securities PLC (Cenkos).
Ashurst has advised Euroz Securities Limited as joint lead manager and underwriter in a A$63.1 million equity raising by Sundance Energy Australia Limited.
The A$63.1 million equity raising comprised of a A$48.1 million underwritten placement and a capped A$15 million raising under the share purchase plan by Sundance Energy.
As a result of strong investor demand, the placement was heavily oversubscribed.