Leading international law firm Clifford Chance has advised Capital Dynamics on its strategic cooperation agreement with China-based fund of funds manager Diligence Capital. The partnership will enable Capital Dynamics to join its long-standing global scope and infrastructure in private equity with Diligence Capital’s local knowledge and expertise so as to enhance both parties’ business in the Greater China region.

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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.

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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.

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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.

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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.

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Davis Polk advised Morgan Stanley & Co. International plc and BNP Paribas Capital (Asia Pacific) Limited in their capacity as placing agents for the top-up placement of 200,000,000 shares in NagaCorp Ltd. for a total consideration of approximately US$154 million.

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Paul Hastings, a leading global law firm, announced today that it represented Ayala Land, Inc. (“Ayala Land”) on its US$300 million top-up placement. Ayala Land is the largest real estate conglomerate in the Philippines engaged principally in the planning, development, subdivision and marketing of large-scale communities having a mix of residential, commercial, leisure and other uses.

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Paul Hastings, a leading global law firm, announced today that it represented Glorious Property Holdings Limited (“Glorious Property”), a leading PRC property developer based in Shanghai and listed on the Hong Kong Stock Exchange, in its issuance of additional senior notes (“Additional Notes”) in the aggregate principle amount of US$150 million, due 2018, which will be consolidated and form a single series with the US$250 million senior notes issued on March 4, 2013.

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Herbert Smith Freehills has advised ASM International N.V. (“ASM International“), a leading global supplier of semiconductor equipment and ranked among the top 10 semiconductor equipment manufacturers globally, as its Hong Kong and US counsel on its €422 million (HK$4.3 billion) partial secondary placement of shares of its subsidiary, ASM Pacific Technology Ltd. (“ASM PT“).

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DLA Piper today announces the appointment of Ed Sheremeta to the role of partner with the firm’s Real Estate practice in Hong Kong. Ed joins from Skadden, Arps, Slate, Meagher & Flom where he was the Head of the Asia Real Estate group. Ed also served for a period as Vice President on the commercial real estate lending team at Morgan Stanley Japan in Tokyo.

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