Global law firm White & Case LLP has advised on two successful high yield bond offerings out of Greater China, one out of China’s oil and gas sector and one out of Macau’s gaming and entertainment sector, representing the underwriter banks of each transaction.

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Davis Polk is advising CNOOC Ltd. in connection with its proposed $15.1 billion acquisition of Canadian energy company, Nexen, Inc., including clearing the transaction through the Committee on Foreign Investment in the United States (CFIUS). If completed, the transaction would be the largest foreign acquisition by any Chinese company. CNOOC is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. Nexen is an independent, Canadian global energy company, listed on the Toronto and New York stock exchanges under the symbol “NXY.”

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Akin Gump Straus Hauer & Feld LLP is advising a unit of China’s CITIC Private Equity Funds Management Co. (CITIC PE) in its buyout bid for Chinese biotech firm 3SBio Inc. CITIC PE formed a consortium group with the management team of 3SBio Inc. in connection with the buyout.

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Global law firm White & Case LLP has advised Greentown China Holdings Ltd, a luxury residential property developer in China, on its high yield offering of US$400 million 8.50 percent Senior Notes due 2018.

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Davis Polk is advising Philippine Long Distance Telephone Company (PLDT) in connection with the sale of the business process outsourcing businesses owned by its subsidiary SPi Global Holdings, Inc. (SPi) to an acquisition vehicle controlled by CVC Capital Partners. PLDT will reinvest a portion of the sale proceeds to acquire an approximate 20% interest in the divested businesses. The transaction is expected to close in the first quarter of 2013, subject to customary closing conditions.

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A team of Akin Gump attorneys is advising the Special Committee of Chinese pork and produce processor Zhongpin Inc. in its amended and restated agreement and plan of merger to take the company private.

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Herbert Smith Freehills has advised Huaneng Power International, Inc. (“Huaneng Power”), one of China’s largest listed power producers, on its RMB1.5 billion (US$241 million) Regulation S offering of three-year fixed rate bonds due 2016. The bonds will be listed and traded on the Hong Kong Stock Exchange.

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Hogan Lovells has closed two transactions for Macquarie Capital Securities Limited (“Macquarie”) for a combined value of over US$90 million in the past two weeks.

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Simpson Thacher represented Australia and New Zealand Banking Group Limited, BNP Paribas Securities Corp., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International and Mizuho Securities USA Inc. as joint bookrunners and Shinhan Asia Limited and Shinhan Investment Corp. as joint lead managers, in connection with the offering of US$350 million 1.875% Notes due July 30, 2018 by Shinhan Bank under its $6,000,000,000 global medium term note program in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended.

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Simpson Thacher recently represented STX Offshore & Shipbuilding Co., Ltd., one of the world’s largest shipbuilding companies based in Korea, and its Norwegian subsidiary STX Europe AS in the sale of a controlling stake held by STX Europe AS in STX OSV Holdings Limited, a publicly listed company on the Singapore Exchange and a leading global shipbuilder of offshore specialized vessels used in offshore oil and gas exploration and production, to Fincantieri Oil & Gas S.p.A., a subsidiary of Fincantieri-Cantieri Navali Italiani S.p.A., a state-controlled shipbuilding company based in Italy specializing in the construction of merchant, passenger, offshore and military vessels, for a consideration of approximately S$730 million (or approximately US$600 million).

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