Leading international law firm Clifford Chance has advised International Finance Corporation (IFC) on its subscription for 14.9% of the issued share capital of Peak Reinsurance Holdings at an aggregate subscription price of US$81,950,000. The firm also advised IFC on regulatory issues pertaining to the licensing requirements of the Insurance Authority of Hong Kong.

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Baker & McKenzie is the legal advisor to China Merchants Holdings (International) Company Limited (“CMHI”), the largest public port operator in China, on its strategic partnership with CMA CGM, the world’s third largest container shipping company, and its agreement to acquire 49% equity interest in Terminal Link, a wholly-owned subsidiary of the CMA CGM Group, for €400 million.

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Baker & McKenzie recently advised its long-standing client, Yuexiu Group, on two significant debt capital market transactions, namely:

• Yuexiu Property Company Limited (“Yuexiu Property”) on the establishment of its first medium term note programme (“MTN Programme”).  The size of the MTN Programme is US$2 billion.  The notes that were issued on the first drawdown amounted to US$850 million in aggregate and comprised of US$350 million 3.25% notes due 2018 and US$500 million 4.50% notes due 2023.  Bank of China (Hong Kong) Limited, BOCI Asia Limited, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley & Co. International plc acted as the joint lead arrangers for the MTN Programme.  Together with Yue Xiu Securities Limited, they acted as dealers for the first drawdown.  The notes have been rated Baa3 by Moody’s and BBB- by Fitch.
• Yue Xiu Enterprises (Holdings) Limited (“Yue Xiu Enterprises”) on its third note issuance: HK$1 billion 5.65% corporate notes due 2018.  The notes were purchased by Industrial and Commercial Bank of China (Macau) Limited and Agricultural Bank of China Limited Hong Kong Branch.  Société Générale, ICBC International and Agricultural Bank of China Limited Hong Kong Branch acted as joint lead arrangers.

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Paul Hastings, a leading global law firm, announced today that it represented Future Land Development Holdings Limited (“Future Land”), a leading Chinese property developer focused on developing quality residential and mixed-use projects and listed on the Hong Kong Stock Exchange, in its issuance of US dollar denominated senior notes in the aggregate principal amount of US$200 million.

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Paul Hastings, a leading global law firm, announced today that it represented Morgan Stanley and BNP Paribas as the joint global coordinators, together with CICC, Standard Chartered, CCBI and HSBC as the joint bookrunners in Chinalco Mining Corporation International’s (“Chinalco Mining”) US$398 million Hong Kong IPO and global offering on the Main Board of the Hong Kong Stock Exchange. Subject to the joint global coordinators exercising the over-allotment option, the deal size may be increased to up to approximately US$458 million.

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Baker & McKenzie recently advised Cheung Kong (Holdings) Limited and its wholly-owned subsidiary, Cheung Kong Bond Securities (03) Limited (“CKBS”), on the issue and offering by CKBS of US$500 million 5.375% guaranteed senior perpetual securities, which are denominated in United States dollars. The securities are guaranteed by Cheung Kong (Holdings) Limited and are listed on the Main Board of the Hong Kong Stock Exchange.

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Paul Hastings, a leading global law firm, announced today that it represented China SCE Property Holdings Limited (“China SCE”), a company listed on the Hong Kong Stock Exchange, in its issuance of additional senior notes (“Additional Notes”) in the aggregate principal amount of US$150 million. China SCE is a leading property developer based in China’s Fujian province.

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Appleby acted as British Virgin Islands counsel for Fosun International Limited (the “Fosun International”) on a guaranteed notes issuance of US$1 billion issued by its indirect subsidiary.

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Cadwalader, Wickersham & Taft LLP (“Cadwalader”) and Joseph P.C. Lee & Associates have advised Wison Engineering Services Co. Ltd. (“Wison Engineering”) as to United States and Hong Kong law on the completion of its initial public offering and listing in Hong Kong. The deal marks an important broadening of the firm’s international capital markets offering, which expanded in 2012 with the addition of three seasoned partners and a team of associates with deep experience in Asia.

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Kirkland & Ellis is pleased to announce that Frank Sun has rejoined the Firm as a partner in Kirkland’s Hong Kong M&A Group. Mr. Sun joins the Firm from the Hong Kong office of Paul, Weiss, Rifkind, Wharton & Garrison LLP.

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