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Banking & Finance - Capital Markets: Equity

Jefferies and J.P. Morgan - HK$455 million top-up placing of shares by CSI Properties Limited

19 Sep 2014

Slaughter and May, Hong Kong, is advising Jefferies Hong Kong Limited and J.P. Morgan Securities (Asia Pacific) Limited, acting as joint bookrunners, in relation to CSI Properties Limited's top-up placing of shares, which involves the placing of existing shares and top-up subscription of new shares (the Shares) for a total consideration of HK$455 million (approximately US$58 million).

CSI Properties Limited intends to use the proceeds of the Shares for future property investment primarily in Hong Kong and Macau and for general working capital purposes.

Clifford Chance advises Telefónica on the issue of bonds convertible into shares for 1.5 billion euros

19 Sep 2014

Clifford Chance advised Telefónica on the issue of bonds mandatorily convertible into and/or exchangeable for shares in the amount of 1.5 billion euros, issued through the subsidiary Telefónica Participaciones S.A.U.

With a face value of 100,000 euros, these bonds will be issued at 100% of their value, maturing in three years. They will accrue a fixed annual interest rate of 4.9%, payable annually in arrears.

Dentons, S&A Law and Oman Arab Bank advise Al Maha Ceramics on US$20 million IPO

18 Sep 2014

Dentons, S&A Law Firm (as Legal Advisors) and Oman Arab Bank (OAB) (as Financial Advisor and Issue Manager), have together advised Al Maha Ceramics on its OMR8 million (approximately US$20 million) IPO of shares to be listed and traded on the Muscat Securities Market. The offer opened for subscription on 16 September 2014.

Al Maha Ceramics is a leading tile manufacturer in Oman and the GCC region. The company's distribution network is spread wide across the UAE, Saudi Arabia, Qatar, Bahrain, Syria, Lebanon, Jordan, Africa and South Asia.

Nabarro advises on up to £50m fundraise and £39m acquisition of PFI/PPP projects for John Laing Infrastructure Fund

15 Sep 2014

Nabarro is acting for FTSE 250 international PPP infrastructure investment company John Laing Infrastructure Fund Limited ("JLIF") on its placing to raise up to £50m and acquisition of three PFI/PPP projects from the John Laing Group (John Laing plc and its subsidiaries) and a stake in one of the projects from the John Laing Pension Trust.

Davis Polk Advises on Placement of Shares in CSPC Pharmaceutical Group Limited

12 Sep 2014

Davis Polk advised UBS AG, Hong Kong Branch, Goldman Sachs (Asia) L.L.C, Morgan Stanley & Co. International plc and Citigroup Global Markets Asia Limited in their capacity as placing agents for the placement of 650,000,000 shares in CSPC Pharmaceutical Group Limited (CSPC) for a total consideration of approximately HK$4.076 billion.   

CSPC is incorporated in Hong Kong with its shares listed on The Stock Exchange of Hong Kong Limited. It is primarily engaged in the manufacture and sale of pharmaceutical products.    

CMS advises Telefónica Deutschland on EUR 3.62 billion capital increase

11 Sep 2014

Telefónica Deutschland Holding AG is moving to implement a cash capital increase to help finance its acquisition of E-Plus. The increase, which was approved by the shareholders' meeting on 20 May 2014, is intended to raise around EUR 3.62 billion gross proceeds. The capital increase will serve to provide the cash element of the purchase price for the acquisition of E-Plus.

Baker & McKenzie Retained by Italeaf S.p.A. in its Groundbreaking IPO in Sweden

09 Sep 2014

Baker & McKenzie is acting as legal advisor to Italeaf, an Italian holding company primarily investing in companies active in the clean-tech sector and in innovative industrial productions.

One of Italeaf's investments is TerniEnergia, which was listed on the Italian Stock Exchange in 2008. As the first Italian company ever, Italeaf has been approved for listing in Sweden, where the first day of trading in the shares, represented by depository receipts, will occur on 4 September 2014 on NASDAQ OMX First North in Stockholm.

SMIC - US$390 million top-up placing of shares, issue of convertible bonds and pre-emptive issues

05 Sep 2014

Slaughter and May, Hong Kong, advised Semiconductor Manufacturing International Corporation (SMIC) in relation to its top-up placing of shares, which involved the placing of existing shares and top-up subscription of new shares by Datang Holdings (Hongkong) Investment Company Limited (Datang) for a total consideration of HK$1,554 million (approximately US$200 million) (the Shares), and the related issue of US$95 million zero coupon convertible bonds due 2018 (the Bonds).