Davis Polk advised Barclays Bank PLC, CITIC Securities Corporate Finance (HK) Limited, The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley & Co. International plc, UBS AG, Hong Kong Branch and Industrial and Commercial Bank of China (Asia) Limited as joint lead managers in connection with a Regulation S offering by Asia Standard International Group Limited of CNY500 million aggregate principal amount of 6.5% senior notes due 2018 under its US$1 billion Medium Term Note Programme. Davis Polk also advised Morgan Stanley as arranger and Morgan Stanley and UBS as initial dealers in connection with the establishment by Asia Standard of the MTN Programme, of which the underlying documents are governed by English law.

Leading international law firm Clifford Chance has advised BBL Asset Management Company Limited (BBLAM), as the management company of BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF), on BTSGIF's US$1.4 billion (Bt41.5 billion) IPO, the biggest listing ever in Thailand and the first IPO of an infrastructure fund in Thailand. BTSGIF sold 3.86 billion units at Bt10.80 each comprising 66.7% of the fund. BTS Group bought the remaining 33.3%, bringing the total fundraising to US$2.1 billion.

Watson, Farley & Williams LLP (WFW), a leading international law firm, is pleased to announce that it has acted for Nordea Bank Norge ASA on a US$355m loan facility to Exmar LPG BVBA, a joint venture between Exmar and Teekay.

Simpson Thacher represented J.P. Morgan Securities plc, as sole bookrunner and sole lead manager, in connection with the offering of US$300 million 2.75% Convertible Bonds due 2018 by Celltrion, Inc. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended.