Herbert Smith Freehills advises on Tata Motors US$750 million bond offering in Singapore

Herbert Smith Freehills has advised the joint lead managers and joint bookrunners on Tata Motors Limited’s US$750 million dual-tranche fixed rate bond offering. The deal represents the first bond offering by an Indian corporate to take advantage of the new 5% withholding tax on foreign currency bond issuances by Indian entities. More >>

Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong | Singapore

China Travel Service (Holdings) Hong Kong Limited US$300 Million 3.875% Guaranteed Notes and US$700 Million 5.625% Guaranteed Notes Offering

Davis Polk advised The Hongkong and Shanghai Banking Corporation Limited, UBS AG, Hong Kong Branch, CCB International Capital Limited, ABCI Capital Limited, Industrial and Commercial Bank of China (Asia) Limited and J.P. Morgan Securities plc as joint bookrunners and joint lead managers in connection with the Regulation S only offering by King Power Capital Ltd. (“Issuer”) of its US$300 million 3.875% guaranteed notes due 2019 and US$700 million 5.625% guaranteed notes due 2024 (“Notes”). The Notes are unconditionally and irrevocably guaranteed by China Travel Service (Holdings) Hong Kong Limited (香港中旅(集團)有限公司)(“Guarantor”). The Issuer is a wholly owned subsidiary of the Guarantor. More >>

Tags:  Hong Kong

Davis Polk Advises Greenland Group on the Establishment of Its US$3 Billion MTN Program and US$500 Million Drawdown of Notes

Davis Polk advised Greenland Global Investment Limited, a subsidiary of Greenland Holding Group Company Limited (“Greenland Holding”), in connection with the establishment of its US$3 billion medium-term note program and the issuance of US$500 million notes thereunder which are guaranteed by Greenland Holding. More >>

Tags:  Davis Polk & Wardwell LLP | Hong Kong | London

Simpson Thacher Represents Goldman Sachs in the HK$2,572.8 Million (US$332.0 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering by Hua Hong Semiconductor Limited

The Firm represented Goldman Sachs in the initial public offering and Rule 144A/Regulation S offering by Hua Hong Semiconductor Limited. Hua Hong sold an aggregate of 228,696,000 ordinary shares in the offering (before greenshoe) and raised gross proceeds of approximately HK$2,572.8 million (US$332.0 million). The ordinary shares of Hua Hong are listed on the Hong Kong Stock Exchange. Goldman Sachs acted as sole sponsor, sole global coordinator and sole bookrunner. More >>

Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Paul Hastings Advises WH Group on US$1.5 Billion Term Loan Facility

Paul Hastings, a leading global law firm, announced today that the firm advised WH Group Limited, the world’s largest pork company, with global leadership across key segments of the industry value chain, including packaged meats, fresh pork and hog production, on its term loan facility provided by certain banks in the amount of US$1.5 billion.

Proceeds from the facility will be used to refinance the entire outstanding principal of WH Group Limited’s existing US$4 billion term loan facility from 2013. More >>

Tags:  Paul Hastings, LLP | Hong Kong

Allen & Overy advises on Hong Kong’s inaugural sukuk issuance

Allen & Overy has advised HSBC and Standard Chartered Bank as joint global coordinators and bookrunners along with several other bookrunners and co-managers on the USD1 billion sukuk offering by The Government of the Hong Kong Special Administrative Region of the People’s Republic of China, the first Islamic bond issuance by the HKSAR Government. The AAA-rated 5-year trust certificates were offered in a combined Rule 144A/Regulation S transaction to institutional investors internationally. More >>

Tags:  Allen & Overy LLP | Hong Kong