Davis Polk advised Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. International plc as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $500 million in aggregate principal amount of its 2.25% notes due 2017.
Tags: Davis Polk & Wardwell LLP | Hong KongDavid K. Cho Joins Dechert’s Hong Kong Corporate Practice
Dechert LLP announced today that David K. Cho has joined the firm’s Hong Kong office as a partner in the Corporate and Securities practice. Cho was most recently a partner at Orrick, Herrington & Sutcliffe LLP.
Tags: Dechert LLP | Hong KongBaker & McKenzie Advises on the Global Offering of DYNAM Japan Holdings
Baker & McKenzie’s Securities team recently acted as Hong Kong, US and Japanese law counsel to the joint global coordinators, joint bookrunners and joint lead managers, Shenyin Wanguo Capital (H.K.) Limited, Piper Jaffray Asia Limited and CITIC Securities Corporate Finance (HK) Limited, on the USD200 milion global offfering by DYNAM Japan Holdings Co., Ltd, one of the biggest pachinko hall operators in Japan, with a presence in 46 out of 47 prefectures in Japan. The shares commenced trading on The Stock Exchange of Hong Kong Limited on 6 August 2012. More >>
Tags: Baker McKenzie | Hong KongDLA Piper Strengthens Wealth Management and Private Client Services in Asia
DLA Piper today announces the appointment of Todd Martin Beutler, as partner in the Hong Kong office. With over 15 years of experience with firms in Hong Kong, Singapore and the US, Todd represents high net worth private clients with multinational interests as well as US, Asian and European companies with global operations. In addition to counselling and planning, Todd’s regularly represents clients in tax controversy matters and fiduciary litigation.
Tags: DLA Piper | Hong KongSkadden Represents Wynn Resorts in US$2.3 Billion Financing
Skadden represented Wynn Resorts (Macau) S.A. in connection with a new US$2.3 billion dual currency secured credit facility. The US$2.3 billion secured credit facility consisted of: (i) a US$750 million equivalent fully funded senior secured term loan facility; (ii) a US$1.55 billion equivalent senior secured term loan facility; and (iii) an option to upsize the total senior secured facilities by an additional US$200 million. Borrowings under the senior secured credit facilities will consist of both Hong Kong dollar and US dollar tranches. The borrowings will be used to refinance Wynn Macau’s existing indebtedness and to fund the design, development and construction of Wynn Macau’s new casino resort in the Cotai area of Macau. The total cost of the Wynn Cotai project is expected to be between US$3.5 – US$4 billion.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP | Hong KongPaul Hastings Advises Deutsche Bank on Ayala Corporation’s Block Sale
Paul Hastings, a leading global law firm, announced today that it represented Deutsche Bank as the sole bookrunner in Ayala Corporation’s US$155 million (PHP6.45 billion) treasury share block sale. Ayala Corporation is one of the Philippines’ largest conglomerates, with interests in real property, banking, telecommunications, water, infrastructure and energy.
Tags: Paul Hastings, LLP | Hong KongBaker & McKenzie Advises China Fishery Group on Its USD300 Million Notes Issue
Baker & McKenzie’s Securities team recently advised the issuer, CFG Investment S.A.C., an indirect wholly-owned Peruvian subsidiary of China Fishery Group Limited, on its offering of 9.75% Senior Notes due 2019 in a principal amount of USD300 million. The Notes are guaranteed by China Fishery Group Limited and certain of its wholly owned subsidiaries. The Notes are listed on the Singapore Exchange Securities Trading Limited. The Notes have been rated Ba3 by Moody’s Investors Service, Inc., BB– by Standard and Poor’s Ratings Services and BB by Fitch Ratings, Inc.
Tags: Baker McKenzie | Hong KongOrrick Advises OCI Solar on $1 Billion Solar Installation Deal with CPS Energy
Orrick, Herrington & Sutcliffe LLP has represented OCI Solar Power LLC, a subsidiary of South Korean chemical producer OCI Co. Ltd, in negotiating what will become the largest municipal solar installation in the United States with CPS Energy, San Antonio’s municipal utility. The transaction involved a complex mix of economic development requirements and incentives and development of renewable energy projects.
Tags: Orrick, Herrington & Sutcliffe LLP | Hong KongPaul Hastings Advises Manager, Trustee-manager and Sponsor on Ascendas Hospitality Trust’s Singapore IPO
Paul Hastings, a leading global law firm, announced today that it advised Ascendas Land International as the sponsor, Ascendas Hospitality Fund Management as the manager and Ascendas Hospitality Trust Management as the trustee-manager on Ascendas Hospitality Trust’s (“Ascendas Hospitality”) offering of its stapled securities on the Singapore Exchange. Ascendas Hospitality is a Singapore-based REIT and the hospitality arm of Ascendas Group, Asia’s leading provider of business space solutions.
Tags: Paul Hastings, LLP | Hong KongMayer Brown JSM Advises China State Construction on HK$2.2 Billion Share Sale
Mayer Brown JSM advised Hong Kong-listed China State Construction International Holdings Limited (CSCI) on its top-up placement of 300 million shares to independent third parties at approximately HK$7.57 per share, raising approximately HK$2.2 billion.
Tags: Mayer Brown LLP | Hong Kong







