Shearman & Sterling represented Morgan Stanley & Co. LLC, as representative of the several underwriters, in connection with The AES Corporation’s offering of $500 million of its 4.875% Senior Notes due 2023. In a subsequent reopening of the notes, the firm represented Morgan Stanley & Co. LLC, as sole underwriter, in AES’s offering of $250 million of its 4.875% Senior Notes due 2023. The proceeds from both offerings were used to fund concurrent tender offers for four series of AES’s outstanding senior notes identified below.

The Firm recently represented Wells Fargo Securities, LLC and Deutsche Bank Securities Inc., as underwriters, in connection with a public offering by Web.com Group, Inc. ("Web.com") of $258,750,000 aggregate principal amount of its 1.00% Senior Convertible Notes due 2018. The offering closed on August 14, 2013.

Web.com is a provider of a full line of internet services for small businesses and is a global domain name registrar.

Global law firm White & Case LLP has advised South African national electricity company Eskom Holdings SOC Ltd on the launch of its US$4 billion global Medium Term Note programme and the inaugural US$1 billion Reg S/Rule 144A bond issuance thereunder.

"We were very pleased to work with long term client Eskom on this important transaction for them," said Johannesburg-based partner Steve Raney.

Norton Rose Fulbright advised Royal Bank of Canada (RBC) on the registration of its €23 billion global covered bond programme under the new Canadian covered bond legislation, and on approximately US$5.5 billion worth of benchmark international covered bond deals in the past month.

The market-leading deals were issued in the United States, Europe and Australia.

Norton Rose Fulbright lawyers in Toronto, Montréal, London, Sydney and Frankfurt advised RBC as it:

London, Milan, August 13, 2013 ... Global law firm White & Case LLP has advised Italian gaming company Gamenet S.p.A. on the US and Italian legal aspects of its €200 million issue of Senior Secured Notes due 2018.

Slaughter and May, working as a team with Cravath, Swaine & Moore LLP and De Brauw Blackstone Westbroek, advised Royal Dutch Shell plc on the issue of a triple-tranche US$3.75 billion bond under its US shelf programme. The issue consists of US$1.5 billion 1.900% Fixed Rate Notes due 2018, US$1 billion 3.400% Fixed Rate Notes due 2023 and US$1.25 billion 4.550% Fixed Rate Notes due 2043, in each case issued by Shell International Finance B.V. and guaranteed by Royal Dutch Shell plc. Shell plans to use the proceeds for general corporate purposes.

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Davis Polk advised J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers on an SEC-registered debt offering by Moody’s Corporation of $500 million aggregate principal amount of 4.875% senior notes due 2024.

New York, NY – Paul Hastings LLP, a leading global law firm, represented Alpek, S.A.B. de C.V., the largest petrochemical company in Mexico and one of the largest in the world, in connection with an international issuance of debt securities. The offering involved the issuance of $300 million of 5.375% Senior Notes due 2023 pursuant to Rule 144A and Regulation S. The underwriters involved were HSBC and J.P. Morgan.

Alpek is one of the few Latin American corporate issuers able to access the international bond markets during the recent market volatility.

Shearman & Sterling represented Banco de Costa Rica, the oldest state-owned financial institution in Costa Rica, in connection with its 144A/Regulation S offering of US$500 million aggregate principal amount of its 5.25% Senior Notes Due 2018. This is Banco de Costa Rica’s first issuance of securities in the international capital markets.