November 12, 2018
Oesterreichische Kontrollbank $1 Billion Notes Offering
Davis Polk advised the underwriters on an SEC-registered offering on Schedule B by Oesterreichische Kontrollbank Aktiengesellschaft of its $1 billion 3.125% guaranteed global notes due 2023. The notes are guaranteed by the Republic of Austria.
International law firm Ashurst has advised the arranger and joint lead managers on Commonwealth Bank of Australia's (CBA) offer of CommBank PERLS XI Capital Notes (PERLS XI).
PERLS XI are subordinated, unsecured notes scheduled to pay floating rate distributions quarterly and are expected to be quoted on ASX under the trading code “CBAPH” with an initial face value of A$100.
Davis Polk advised CNFinance Holdings Limited on its SEC-registered initial public offering of 6,925,000 American Depositary Shares, including the partial exercise of the underwriters’ option to purchase 425,000 American Depositary Shares, for an aggregate price to the public of $51.9 million. Each ADS represents twenty ordinary shares of CNFinance Holdings Limited. The ADSs are listed on the NYSE under the symbol “CNF.”
Leading global law firm Baker McKenzie has advised the Bitfury Group, the world's leading full-service blockchain technology company, on its USD $ 80 million private placement with global institutions and corporate investors.
The deal, announced today, will enhance Bitfury's strong growth plans and confirms the company's continued strength as a leading full-service blockchain company.
The Baker McKenzie team was led by London Corporate Partner Jannan Crozier, together with Senior Associate David Hart and Associate Dewi Evans.
King & Wood Mallesons (KWM) advised Huatai Financial Holdings (Hong Kong) Limited as the sole sponsor, and other underwriters on the global offering and listing of Xinchengyue Holdings Limited (Xinchengyue, HKEX Stock Code: 1755) on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).
Simpson Thacher represented the representatives of the underwriters, Goldman Sachs (Asia) L.L.C., Deutsche Bank Securities Inc. and Citigroup Global Markets Inc., in connection with the initial public offering and listing on the Nasdaq Global Market of Pintec Technology Holdings Limited (”Pintec”). The offering was comprised of 3,725,000 American Depositary Shares, representing 26,075,000 Class A ordinary shares before the exercise of underwriters’ overallotment option. The total offering size was US$44.3 million.
We advised Goodbody Stockbrokers and Shore Capital in their role as Joint Bookrunners, Joint Brokers and ESM/ Nominated Advisers on Applegreeen plc’s €175 million placing (before expenses) of 28,782,895 new ordinary shares to fund partially Applegreen’s acquisition of a 50.01% stake in the Welcome Break Group.
Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the approximately $225 million initial public offering by Orchard Therapeutics plc of 16,103,572 American Depositary Shares, each representing one ordinary share. The ADSs are listed on the NASDAQ Global Select Market under the symbol “ORTX.”
Bangkok Capital Markets team assisted the Praram 9 Hospital (SET: PR9) in filing and listing its shares on the Stock Exchange of Thailand. For the transaction, PR9 offered 180 million shares and may allocate 20 million shares under the greenshoe option. The entire newly issued shares were allocated to the general public via an Initial Public Offering (IPO) at THB 11.60 each and THB 2,320 million in total. The first day of trading was 30 October 2018.
London & New York - Paul Hastings LLP, a leading global law firm, has advised Credit Suisse and Goldman Sachs as joint dealer managers and solicitation agents in connection with the exchange offers and consent solicitations by Altice US Finance I Corporation, Cequel Communications Holdings I, LLC and Cequel Capital Corporation (the “Issuers”), which expired on 30 October 2018. Over $5.5 billion of notes have now been exchanged for new notes issued by the Issuers.