Clifford Chance has advised China Construction Bank Corporation on its US$3.05 billion, 4.65% non-cumulative perpetual offshore preference shares. Partner Angela Chan led on the deal, supported by partners Connie Heng and Fang Liu and associates Song Yue, Torrance Shi and Vivian Li.

Ms Chan said, "Despite the volatility of the summer, we've seen an increase in issuances towards the end of 2015. China Construction Bank has achieved the lowest ever Additional Tier 1 coupon for a Chinese bank and this sets a good benchmark for other bank capital issuance in 2016."

Scandic Hotels Group AB (publ) has been admitted to trading on Nasdaq Stockholm on 2 December 2015. The offering price was set at SEK 67 per share, corresponding to a market value of Scandic of approximately SEK 6.9 billion.

Allen & Overy advised Sberbank CIB[1] as arranger in relation to the USD2.5 billion financing of Renova Group’s mandatory tender offer to all shareholders of Sulzer AG (SUN:SIX Swiss Ex).  Pursuant to the offer, on 4 December 2015, Renova Group acquired shares in Sulzer representing 29.5%. of the ordinary issued share capital of the company.  As a result of the offer, when combined with Renova Group’s existing holding of Sulzer shares, Renova Group acquired majority control of the company, holding 62.86%.

Nasdaq Stockholm’s Listing Committee has approved Hexatronic Group AB’s application for listing on Nasdaq Stockholm. The prospectus was published on 11 December 2015 and the first day of trading is estimated to be 18 December 2015. Hexatronic is a Swedish innovative technology group specializing in fiber communications which delivers products and solutions for optical fiber networks and offers a complete range of passive infrastructure solutions. The group also provides fiber solutions for mobile telephony, active components and underwater cables.

Vinge advises Vostok Emerging Finance Ltd and Pareto Securities AB in connection with an approx. SEK 588 million rights issue in Vostok Emerging Finance.

Vostok Emerging Finance is an investment company with the goal of investing in early stage modern financial services companies across emerging and frontier markets.

Vinge’s team primarily consisted of Jesper Schönbeck, Joakim Hagberg, Sabina Börjesson, Joel Wahlberg, Amanda Knutsson and Malte Hedlund

The Hong Kong office of the Firm represented the underwriters, Morgan Stanley, Credit Suisse, China Renaissance and Needham, in connection with the initial public offering and listing on the NYSE of American depositary shares (“ADSs”) of Yirendai Ltd. (“Yirendai”). The offering of 7,500,000 ADSs, representing 15,000,000 ordinary shares of Yirendai, raised US$75 million of gross proceeds before the exercise of greenshoe option.

King & Wood Mallesons advised Shanghai Eastday Network Co., Ltd., (Eastday Network) on its successful listing on the National Equities Exchange and Quotations, also known as New Third Board, a securities exchange for small and medium-sized entities (Stock Code: 834678), making it a significant listing by business scale and asset as a news website enterprise listed on the New Third Board.

Baker & McKenzie recently acted as legal advisor to CRCC High-Tech Equipment Corporation Limited ("CRCC High-Tech") on its HK$2.79 billion (US$359 million) (subject to the exercise of over-allotment option) global offering.  CITIC CLSA Capital acted as the sole sponsor and sole global coordinator, with Deutsche Bank and CICC acting as joint bookrunners of the global offering.  The shares of CRCC High-Tech commenced trading on The Stock Exchange of Hong Kong Limited on 16 December 2015.  The net proceeds from the global offering will be mainly used to construct a new resea

On 17 December 2015, Orascom Development Holding AG completed a capital increase by approximately CHF 133.8 million (before deducting transaction fees) by way of a rights offering. The new shares were created by cash, conversion of a loan from the company's major shareholder, Samih O. Sawiris, and by conversion of capital contribution reserves into equity. The offer price was set at CHF 11.28 per share, below the nominal value and at a slight premium to the 30 day Volume Weighted Average Price.

Basilea has successfully  placed CHF 200 Million 2.75% convertible bonds due 2022. The bonds provide a share settlement option and were issued at 100% of their principal amount. The convertible bonds will mature on 23 December 2022 at 100% of their principal amount unless previously redeemed, converted or repurchased and cancelled. J.P. Morgan Securities plc and UBS AG acted as Joint Bookrunners in this transaction.