Paul Hastings Advises CDH Investments on TSL’s Convertible Bond

Paul Hastings, a leading global law firm, announced today that it advised CDH Investments (“CDH”), an international alternative asset fund manager and one of the largest private equity firms in China, as the Subscriber in Hong Kong-based Tse Sui Luen Jewellery (International) Limited’s (“TSL”) HK$250,000,000 Tranche 1 convertible bond issuance. This marks the first time that CDH has invested in a Hong Kong-listed company over the past few years.

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Freshfields Advises Chailease Finance on Its Debut Dim Sum Bond Issue

International law firm Freshfields Bruckhaus Deringer has advised Chailease Finance (BVI) on its debut issue of offshore renminbi bond at 5% for a tenor of three years. The notes, amounted to RMB750m (US$119m), are guaranteed by the issuer’s parent company, Chailease Finance Co., Ltd. This is the first time a Taiwanese non-bank financial institution has issued a dim sum bond.

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Simpson Thacher Represents Initial Purchasers in US$1 Billion Debt Offering by Samsung Electronics America, Inc. Guaranteed by Samsung Electronics Co., Ltd.

Simpson Thacher recently represented Citigroup Global Markets Inc., Goldman Sachs International, J.P. Morgan Securities LLC, Merrill Lynch International and Samsung Securities Co., Ltd. as initial purchasers, in connection with an offering of US$1 billion aggregate principal amount of 1.75% Notes due 2017. The notes were issued by Samsung Electronics America, Inc., a U.S. subsidiary of Samsung Electronics Co., Ltd. (“Samsung Electronics”), and are guaranteed by Samsung Electronics. Samsung Electronics, in its first overseas bond offering in recent years, offered a record amount in the global market with yields being paid to bondholders falling lower than that for the South Korean government debt, the first Korean company to do so. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.

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Freshfields Advises SouthGobi on Proportional Takeover by Chalco and Related Cooperation Agreement

International law firm Freshfields Bruckhaus Deringer is advising SouthGobi Resources Ltd, a premium coal production and development company, in relation to the proposed proportional takeover bid by Aluminium Corporation of China (Chalco) for up to 60% of SouthGobi and a Cooperation Agreement entered into between SouthGobi and Chalco.

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White & Case Advises Chinese Banks on US$1 Billion Financing for Reliance Communications Limited

Global law firm White & Case LLP has advised a consortium of Chinese banks on syndicated secured financing of approximately US$1 billion to Reliance Communications Limited, India’s second largest telecoms operator by subscriber numbers. The funds will be used to refinance outstanding Foreign Currency Convertible Bonds (FCCBs) which the company issued in 2007.

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