Kirkland & Ellis represented Shenzhen Expressway Company Limited (HKSE: 00548) on its issuance of US$300M of 2.875 percent, with bonds due in 2021. BOC International acted as the sole global coordinator and sole bookrunner. The transaction was closed on July 18, 2016. More information about the transaction is available here.
The Kirkland team was led by Hong Kong corporate partners Dominic Tsun, Benjamin Su and Henry Cheng.
King & Wood Mallesons (KWM) advised Chongqing Nan’an District City Construction Development (Group) Co. Ltd. as its international counsel on its offering of US$800 million bonds, which consists of US$300 million 3.625% bonds due 2019 and US$500 million bonds due 2021. This transaction is the first USD bond offering issued under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity signed early this year (the Chongqing Initiative).
Shearman & Sterling advised Deutsche Bank, Standard Chartered Bank, ING, and UBS as initial purchasers on the US$300 million 7% senior notes offering by HT Global IT Solutions Holdings Limited (“HT Global”). The notes will be listed on the Singapore Exchange Securities Trading Limited.
HT Global is a holding company incorporated in Mauritius by Baring Private Equity Asia V Mauritius Holdings (4) Limited, and owns a 71.25% controlling interest in Hexaware Technologies, a global provider of information technology and business process management services.
LONDON, 18th July 2016 – Milbank, Tweed, Hadley & McCloy LLP has advised the African Development Bank (AfDB) on US$1.34 billion loan facilities for South Africa’s power utility (Eskom) to support its capital expenditure programme, which includes investments in new generation, plant refurbishment, transmission lines, and capacity building in excess of US$ 17 billion to help increase energy reliability in South Africa and in the southern African region.
Davis Polk advised Sumitomo Mitsui Financial Group, Inc. (SMFG) on its SEC-registered takedown offering, which consisted of $1.75 billion aggregate principal amount of 2.058% senior notes due 2021, $2.25 billion aggregate principal amount of 2.632% senior notes due 2026 and $500 million aggregate principal amount of floating-rate senior notes due 2021. The notes are structured to count as total loss-absorbing capacity (TLAC) when TLAC regulations are implemented in Japan.
Credit Suisse AG acted as joint-lead manager together with J.P. Morgan Securities plc. The bonds have been listed on the SIX Swiss Exchange.
Homburger acted as counsel to JPMorgan Chase & Co. The Homburger team consisted of Daniel Haeberli (partner, Financial Services), Stefan Oesterhelt (partner, Tax), Eduard De Zordi (counsel, Financial Services) and Bettina Oertle (paralegal, Financial Services).
International law firm Watson Farley & Williams LLP (“WFW”) advised long-standing client Teekay on the successful completion of financing initiatives for Teekay Corporation and Teekay Offshore Partners LLP (“TOO”).
This included assisting TOO on US$400m of secured bank financing and the raising of US$200m in fresh equity capital along with the deferment of certain bond maturity dates, whilst parent company Teekay Corp completed US$350m of bank financing and raised a further US$100m in equity capital.
Supported by Noerr, an incentivised early conversion of a convertible bond in exchange for shares has been carried out for the first time ever in the German capital markets. TAG Immobilien AG (TAG) successfully concluded the offer for early conversion of the 2012/2019 convertible bond with 94% take-up.
Linklaters was pleased to act for Bank of China Limited in a multi-currency offering of Green Bonds totaling over US$3bn.
“This the world’s largest green bond issuance, generating significant interest across Asia and globally,” said Michael Ng, Partner, Linklaters.
A recognised leader in green bonds, Linklaters is proud to have involved in this landmark transaction which is expected to promote greater green bond issuances by Chinese enterprises in the future.
Allen & Overy LLP has advised the bank consortium consisting of Citigroup Global Markets Limited, ODDO SEYDLER Bank AG, ODDO & Cie and Stifel Nicolaus Europe Limited as joint bookrunners and BHF-Bank AG as selling agent in connection with the issuance of a convertible bond by Adler Real Estate AG with a total volume of around EUR 138 million and a maturity of 5 years.