Norton Rose Fulbright has advised a syndicate of banks on a US$1.5 billion prepayment financing for the purpose of purchasing commodities from a Chinese supplier.
Davis Polk advised Renhe Commercial Holdings Company Limited in connection with its cash tender offers and consent solicitations for all of its outstanding 11.75% senior notes due 2015 and 13.0% senior notes due 2016. Deutsche Bank AG, Singapore Branch was the dealer manager of the transaction.
Renhe Commercial Holdings Company Limited is a PRC-based underground shopping center operator and developer that focuses on the operation and development of stand-alone underground shopping centers for wholesale and retail sales of apparel and accessories in China.
Norton Rose Fulbright has advised TAURON Sweden Energy AB (publ) as issuer and TAURON Polska Energia S.A. as guarantor on the issue of unsecured German registered notes Namensschuldverschreibung with a face value of EUR 168 million and 15 year tenor. The issue was arranged by J.P. Morgan Securities plc and subscribed for by mainly German financial institutions.
Herbert Smith Freehills has advised the underwriters on a RMB1 billion bond issuance by Jingneng Clean Energy Investment Holdings Limited, a subsidiary of Beijing Energy Investment Holdings Co., Ltd. ("Beijing Energy Investment") on the Hong Kong Stock Exchange.
Beijing Energy Investment is a large state-owned conglomerate in China and it focuses on the investment, operation and management of electricity power and district heating businesses.
BKL advised Daewoo Securities Co., Ltd., as arranger on the successful issuance of CNY180,000,000 3.7% Bonds due 2016 (the "Bonds") in Korea by the Industrial and Commercial Bank of China (Asia) Limited ("ICBC"). BKL's dedicated team included partners Young Joon Cho and Hee-Gang Shin, associate Seung-Il Hong, and foreign legal advisor Heesug Chung from the Capital Markets team.
Shearman & Sterling advised Deutsche Bank AG, London Branch, Goldman Sachs International and UBS Limited, as initial purchasers, in the high yield notes offering by Auris Luxembourg II S.A. (“Auris”) of €275 million 8% Senior Notes due 2023 as part of the financing for the proposed acquisition of Siemens Audiologische Technik GmbH (the “Target”). The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed into escrow on December 29, 2014.
Gide advised ABN AMRO Bank N.V., Banco Bilbao Vizcaya Argentaria, S.A., Santander Global Banking & Markets and Société Générale Corporate & Investment Banking as joint lead managers on the issuance by SOGECAP of 800 million euros undated subordinated notes, admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange. Allen & Overy advised SOGECAP.
Gide's team was led by Hubert du Vignaux (partner), assisted by Bastien Raisse.
A Dacheng team composed of senior partner Zhang Hong, partner Chen Hui and associate Chen Fenfen advised Beijing North Star Industrial Co., Ltd. (A-stock code: 601588, H-stock code: 00588) on the public offering of no more than RMB2.5bn worth of corporate bonds, following the approval from CSRC on December 9, 2014.
Watson Farley & Williams (“WFW”), a leading international law firm, has once again advised ADIF-Alta Velocidad (“ADIF-AV”), the Spanish high-speed rail infrastructure administrator, in its latest venture into the debt market, with the issuance of €1 billion worth of bonds in the Spanish AIAF market.
Adif, a railway infrastructure management company, and Adif Alta Velocidad, have closed a debt-restructuring agreement for €879 million in one of the most important financing transactions between banks and public entities in Spain in 2014.
Cuatrecasas, Gonçalves Pereira has advised the two bank syndicates, whose agents are Banco Popular and Banco Sabadell respectively, on the corporate financing transaction.