Shearman & Sterling Advises Ecopetrol on $2.5 Billion Offering

Shearman & Sterling acted as counsel to Ecopetrol S.A. in connection with a public offering of $350 million aggregate principal amount of its 4.250% Notes due 2018, $1.3 billion aggregate principal amount of its 5.875% Notes due 2023 and $850 million aggregate principal amount of its 7.375% Notes due 2043. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC acted as underwriters. This transaction represented the first time in four years that Ecopetrol had accessed the international capital markets.

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Tags:  Shearman & Sterling LLP | New York

Shearman & Sterling Advises on ONEOK’s $1.25 Billion Notes Offering

Shearman & Sterling represented RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Deutsche Bank Securities Inc. as joint book-running managers and representatives of the several underwriters in connection with a shelf takedown of $425 million of 3.200% Senior Notes due 2018, $425 million of 5.000% Senior Notes due 2023 and $400 million of 6.200% Senior Notes due 2043, issued by ONEOK Partners, L.P. and guaranteed by ONEOK Partners Intermediate Limited Partnership.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk – The Export-Import Bank of Korea Notes Offering

Davis Polk advised Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc. and Samsung Securities Co., Ltd. as underwriters in connection with a concurrent SEC-registered Schedule B debt offering by KEXIM of $500 million aggregate principal amount of its floating-rate notes due 2016 and $500 million aggregate principal amount of its 2.875% senior notes due 2018.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Davis Polk – The Korea Development Bank Notes Offering

Davis Polk advised Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank AG, Singapore Branch; KDB Asia Limited, Mizuho Securities USA Inc. and Standard Chartered Bank as underwriters in connection with a SEC-registered Schedule B debt offering by The Korea Development Bank of $750 million aggregate principal amount of its 3% notes due 2019.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong