Freshfields Bruckhaus Deringer has advised Hong Kong listed company Yingde Gases Group Company Limited (Yingde Gases) on its US$250m senior notes issue, which closed on 28 August 2014.
The unsecured notes are offered at 7.25% and are due in 2020. The notes, issued through its wholly-owned subsidiary, have received ratings from Fitch, Moody’s and Standard & Poor’s and are listed on the Hong Kong Stock Exchange.
Davis Polk advised Comcast Corporation on its $2 billion SEC-registered debt offering of 3.375% notes due 2025 and 4.2% notes due 2034. The offering was made through an underwriting syndicate led by Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Lloyds Securities Inc., Mizuho Securities USA Inc., and SunTrust Robinson Humphrey, Inc.
Comcast is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal.
Ashurst has advised the Commonwealth Bank of Australia (CBA), Morgan Stanley, Goldman Sachs, J.P Morgan, Morgans, UBS and Westpac, as the arrangers and joint lead managers, in the raising of A$2bn of Tier 1 Capital announced by CBA on 18 August 2014 (the offer).
Cravath represented the underwriters, led by J.P. Morgan Securities and BofA Merrill Lynch, in connection with the US$500 million registered senior debt offering of Expedia, Inc., one of the world’s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as Expedia.com, Hotels.com and Hotwire. The transaction closed on August 18, 2014.
Slaughter and May advised STAR Capital Partners Limited (STAR Capital Partners), a leading European fund manager, on the acquisition by STAR Asset Finance Limited (a Guernsey incorporated company) of the entire issued share capital of Kennet Equipment Leasing Limited, an asset finance broker and financing provider to small and medium-sized enterprises.
Leading international law firm Clifford Chance has advised on RMB15.5 billion of dim sum bonds and a total of US$10.8 billion across perpetual capital securities, convertible bonds and straight USD notes issuances since April this year. These issuances utilised different credit structures from direct issue to credit enhancements with parent guarantee, keepwell deed or a standby letter of credit from a bank.
Shearman & Sterling represented Fairfax (US) Inc., a wholly owned subsidiary of Fairfax Financial Holdings Limited (“Fairfax”), in connection with an investment-grade Rule 144A/Regulation S offering of $300 million aggregate principal amount of Fairfax (US) Inc.’s 4.875% Senior Notes due 2024 (the “Notes”). The Notes are guaranteed by Fairfax.
Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
Shearman & Sterling represented Financiera de Desarrollo Territorial S.A. (“Findeter”), a state-owned development bank in Colombia, in connection with its Rule 144A/Regulation S offering of COP 946,175,000,000 aggregate principal amount of 7.875% Notes due 2024. Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint bookrunners in the transaction. This is Findeter’s first offering in the international capital markets.
Shearman & Sterling represented Imperial Capital, LLC, Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc., as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $200 million aggregate principal amount of 10% senior secured notes due 2017 of Sunshine Oilsands Ltd. (“Sunshine”).
Sunshine is a Calgary, Alberta-based independent energy company focused primarily on the evaluation, development and production of their portfolio of oil sands leases in the Athabasca region of northeastern Alberta.
Slaughter and May, Hong Kong, advised Industrial and Commercial Bank of China Limited (ICBC), acting through its Singapore branch, on the establishment of a US$5 billion multicurrency commercial paper and certificate of deposit programme by ICBC.
Allen & Gledhill LLP advised ICBC on Singapore law and DeHeng Law Offices were PRC law counsel to ICBC.
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