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Banking & Finance - Capital Markets: Equity

Allens advises Tabcorp on A$236 million entitlement offer

06 Feb 2015

Allens has advised Tabcorp Holdings Limited on its A$236 million capital raising. Tabcorp will raise the funds via a fully underwritten pro-rata accelerated renounceable entitlement offer (with retail rights trading).

The offer was announced on 5 February 2015 in conjunction with Tabcorp's announcement of a special dividend of $0.30 per share, which will be fully franked. The special dividend will be paid out of retained earnings of Tabcorp and will be funded by the proceeds of the offer.

Sunrise launches Initial Public Offering

06 Feb 2015

Sunrise announced today the launch of its initial public offering ("IPO") on the SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding process. Trading is expected to commence on 6 February 2015. With an offer size of CHF 1.6 billion, the Sunrise IPO constitutes by far the largest Swiss IPO of the last 10 years and the first IPO in the Swiss telecommunications sector since 1998.

Charles Russell Speechlys advises S P Angel Corporate Finance on one of the largest AIM IPOs so far

05 Feb 2015

Charles Russell Speechlys were pleased to act for S P Angel as nominated adviser on the admission of Aquatic Foods Group Plc to AIM on 3 February. Aquatic raised £9.3 million through the issue of 13.2 million shares at 70 pence each. Based on the placing price, this makes it the largest IPO to AIM market of 2015.

Olswang advises Chinese seafood supplier on AIM IPO

05 Feb 2015

Olswang has advised Aquatic Foods Group Plc (Aquatic Foods or the company), a marine foods and seafood supplier based in China and registered in Jersey, UK, on its admission to trade on London Stock Exchange's Alternative Investment Market (AIM). Ahead of its initial public offiering (IPO), the company raised a total of £9.3 million and has a market capitalisiaton on admission of approximately £79.3 million.

Deacons advises on first ETF to invest in the internet in Hong Kong

04 Feb 2015

Deacons recently advised CSOP on obtaining SFC authorisation and the subsequent listing on the Hong Kong Stock Exchange of the MSCI T50 ETF.

The MSCI T50 ETF tracks the MSCI China and USA Internet Top 50 Equal Weighted Index, which is designed to reflect the performance of the 50 largest internet software and service providers and internet retail entities selected by full market capitalisation and listed on the Hong Kong and US Stock Exchanges.

The product listed on the Hong Kong Stock Exchange on January 28th 2015.

Shearman & Sterling Advises Joint Placement Agents on €204 Million Capital Increase by Hellenic Bank

04 Feb 2015

Shearman & Sterling has advised Deutsche Bank and Axia Ventures Group in their capacity as Joint Placement Agents in connection with a €204 million capital increase by Hellenic Bank Public Company Limited (“Hellenic Bank”) through a rights issue. Hellenic Bank intends to use the proceeds from the capital increase to meet residual capital requirements resulting from the comprehensive assessment conducted in October 2014 by the European Central Bank and European Banking Authority, and for general corporate purposes.

Osborne Clarke advises Next 15

03 Feb 2015

Osborne Clarke has advised AIM quoted digital communications group, Next 15, on its institutional placing to raise £4.5m.

The net proceeds of the placing, which was arranged by Investec, will be used by Next 15 principally to finance its digital expansion strategy in the UK and the US.

The Osborne Clarke team was led by corporate finance partner Jonathan King, assisted by Senior Associate Samantha Myers.

Paul Hastings Advises Managers on Haitong International Finance’s US$700 Million Guaranteed Bonds Issuance

03 Feb 2015

Paul Hastings announced today that the firm adhasvised Deutsche Bank AG, Singapore Branch, Haitong International Securities Company Limited, The Hongkong and Shanghai Banking Corporation Limited, and Huatai Financial Holdings (Hong Kong) Limited as the managers in the US$700 million guaranteed bonds due 2020 issued by Haitong International Finance 2015 Limited, an indirect wholly-owned subsidiary of Haitong International Securities Group Limited (“Haitong International”).

Mayer Brown JSM advises Cinda International Capital on Time2U global offering in Hong Kong

03 Feb 2015

Mayer Brown JSM advised Cinda International Capital Limited as the sole sponsor, sole global coordinator and sole bookrunner on the approximately HK$286 million Time2U International IPO on the Hong Kong Stock Exchange. Time2U International is a leading PRC brand-owner of economical quartz analogue watches and OEM manufacturer of quartz analogue watches.