Davis Polk is advising China Reinsurance (Group) Corporation in connection with the issue of $800 million notes by China Re’s subsidiary, China Reinsurance Finance Corporation Limited. The notes are supported by a keepwell and liquidity support deed from China Re.

China Re is the only state-owned domestic reinsurance group in the PRC, amongst the world’s largest reinsurance groups in terms of reinsurance premium income.

Shearman & Sterling advised a consortium of banks on the refinancing of WITTE Automotive GmbH. The refinancing included a €125 million financing package provided by a consortium of already existing lenders as well as new banks.

Global law firm White & Case LLP has advised EQUATE Petrochemical Company K.S.C.C. and The Kuwait Olefins Company K.S.C.C. on the US$500 million issuance of trust certificates by EQUATE Sukuk SPC Limited under its US$2 billion trust certificate issuance programme.

The trust certificates, which were issued in a single tranche maturing in 2024, were offered pursuant to Regulation S and are listed on the Irish Stock Exchange, and have a profit rate of 3.944 percent per annum.

HONG KONG, March 13, 2017 – Milbank, Tweed, Hadley & McCloy LLP advised Credit Suisse and J.P. Morgan as dealer managers and initial purchasers in a US$600 million sovereign bond exchange offer and new issuance by the Government of Mongolia.

London – Paul Hastings LLP has represented Bank of America Merrill Lynch, Standard Bank, and Standard Chartered Bank as initial purchasers of $600 million of senior notes, and Bank of America Merrill Lynch and Standard Bank as coordinators and bookrunners and, with Standard Chartered Bank, as mandated lead arrangers on a $60 million revolving credit facility for Helios Towers Africa.

De Pardieu Brocas Maffei advised CM CIC Investissment in connection with the subscription of a €30 million issue of bonds redeemable with Orchestra-Prémaman shares issued by YELED Invest.

YELED Invest, held by the Mestre and Gotlib families, is the holding company controlling Orchestra-Préamaman, a leading retailer of children clothes and baby equipment.

Davis Polk advised the initial purchasers in connection with a $200 million Regulation S only offering by China SCE Property Holdings Limited of its 5.875% senior notes due 2022.

China SCE Property Holdings Limited is headquartered in Shanghai as its development base for carrying out its national development strategy led by the West Taiwan Strait Economic Zone, the Yangtze River Delta Economic Zone, the Bohai Rim Economic Zone and the Pearl River Delta Economic Zone. China SCE Property Holdings Limited is listed on the Hong Kong Stock Exchange.

Clifford Chance has advised the Government of the Sultanate of Oman on its return to the international debt capital markets in 2017 with a US$5 billion triple tranche offering (US$1 billion 3.875% notes due 2022, US$2 billion 5.375% notes due 2027 and US$2 billion 6.5% notes due 2047). The transaction settled on 8 March 2017 and marks the largest ever issuance by the Sultanate. The proceeds from the debt-raising enable the Sultanate to meet a significant portion of its expected funding needs for this year.

The Moscow office of Clifford Chance has advised Integra Group on its debt restructuring, the financing in the amount of RUB8.7 billion has been provided by the syndicate consisting of Sberbank and Alfa-Bank.

All obligations under the syndicated loan are to be performed within 6 years (by December 2022), allowing the company to significantly extend the repayment period for existing loans, obtain a convenient schedule and to raise additional working capital finance.

Davis Polk advised the initial purchasers in connection with a $300 million Regulation S only offering by China South City Holdings Limited of its 5.75% senior notes due 2020.