In January 2018, The Bank of Tokyo-Mitsubishi UFJ, Ltd (“BTMU”) issued RMB 1 billion panda bonds (the “Bonds”) through private placement in China. The Bonds have a coupon rate of 5.3 per cent, with a three-year tenor.
Global law firm Linklaters has successfully advised on a US$3 billion concurrent share placement and convertible bond issue for Country Garden Holdings, China’s largest real estate developer in terms of contracted sales in 2017 and ranks among the top three real estate enterprises globally. The deal is the largest equity deal in Asia this year so far. It is also the largest ex-Japan convertible bond issued to the international markets since 2007.
Heuking Kühn Lüer Wojtek advised Aschheim-based Munich Brand Hub AG on converting receivables from a bond issued by Laurèl GmbH into shares in Munich Brand Hub AG (“debt-to-equity swap”). The company was also advised on listing the shares on the Munich Stock Exchange.
King & Wood Mallesons advised Thing On Enterprise Limited (Thing On, Stock Code 2292) as its Hong Kong counsel on its global offering and initial public offering (IPO) on the Main Board of the Hong Kong Stock Exchange.
The IPO comprised an issue of a total of 180 million shares being priced at HK$1.24 per share, raising gross proceeds of approximately HK$223 million (before the exercise of the over-allotment option).
Leading international law firm Clifford Chance advised the investors on Toshiba's US$5.4 billion (JPY600 billion) share placement, which closed on 5 December 2017. The significant equity transaction involved a placement of new shares in the Japanese company to 60 fund investors located outside Japan.
DLA Piper has advised China Maple Leaf Educational Systems (China Maple Leaf), a Chinese international school operator, on the over HK$1 billion placing of shares.
China Maple Leaf is the largest international high school and international school operator in China. At the end of the 2016/2017 academic year, over 26,000 students were enrolled in 60 China Maple Leaf schools located in 16 cities in China and Canada.
The placing was managed by UBS AG as placing agent, sole global coordinator and sole bookrunner.
King & Wood Mallesons advised Thing On Enterprise Limited (Thing On, Stock Code 2292) as its Hong Kong counsel on its global offering and initial public offering (IPO) on the Main Board of the Hong Kong Stock Exchange.
The IPO comprised an issue of a total of 180 million shares being priced at HK$1.24 per share, raising gross proceeds of approximately HK$223 million (before the exercise of the over-allotment option).
Baker McKenzie acted for Afterpay Touch Group on its AUD$20 million placement of shares and convertible notes to strategic investor - Matrix Partners. The funds will be used partly to scope market entry for the Afterpay product in the United States.
Loyens & Loeff acted as Dutch corporate counsel to the underwriters with respect to the IPO of InflaRx N.V. on the NASDAQ Global Select Market, under the ticker symbol IFRX.
Contacts
Gerco van Eck
Martijn Schoonewille
Slaughter and May advised Premier Oil plc on its successful invitation to convertible bondholders to accelerate the exchange of their outstanding convertible bonds into ordinary shares of the company. 87.5% (US$205.78 million) of the US$235.2 million convertible bonds outstanding were accepted for early conversion under the invitation, which was launched on 11 January and completed on 16 January 2018. The benefits to the company and its shareholders include reduction of the company’s indebtedness by US$ 205.78 million, increased stability in the company’s capital bas