Simpson Thacher Represents Initial Purchasers in US$500 Million Senior Capital Securities Offering by Doosan Infracore Co., Ltd.

The Firm represented Citigroup Global Markets Limited, J.P. Morgan Securities plc, The Korea Development Bank and Woori Investments & Securities Co., Ltd., as initial purchasers, in connection with an offering of US$500 million aggregate principal amount of 3.250% senior capital securities (the “Securities”) by Doosan Infracore Co., Ltd. (“Doosan Infracore”). The Securities, issued in the form of perpetual hybrid bonds, are structured to give a put option to the investors upon the occurrence of certain defined events. The put option is backed by credit enhancement provided by a syndicate of commercial banks. This was the first hybrid perpetual bonds offering by a corporate issuer in Korea.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Baker & McKenzie Advises on Dynasty REIT’s IPO, the First RMB-Denominated Equity to be Listed on the Singapore Stock Exchange

Baker & McKenzie is acting as counsel to ARA Asia Dragon Fund (“ADF”) in relation to Dynasty Real Estate Investment Trust’s (“Dynasty REIT”) landmark initial public offering  (“IPO”) in Singapore.  ADF is the seller of the three commercial properties, located in primary commercial centres in Nanjing, Dalian and Shanghai, that will form the initial portfolio of Dynasty REIT.  In addition, the Firm is acting as borrower’s counsel to Dynasty REIT on its IPO-related debt financing.

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Tags:  Baker McKenzie | Hong Kong