Clifford Chance Advises ING on the Largest Issue of JPY Bonds in Japan by a Foreign Issuer in 2012

Leading international law firm Clifford Chance has advised ING Bank N.V. (“ING”) on its sale of three-year bonds in Japan, raising JPY175.9 billion ($2.1 billion) in aggregate. This was the largest issue of JPY bonds in Japan by a foreign issuer in 2012, and one of the biggest ever fundraisings by a European issuer in Japan.

More >>

Tags:  Clifford Chance LLP | Tokyo

Baker & McKenzie Advises China Merchants Holdings on Its Acquisition of 49% Interest in Terminal Link for €400 Million

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.

More >>

Tags:  Baker McKenzie | Hong Kong

Baker & McKenzie Advises Yuexiu Property Company on Its First MTN Programme and Yuexiu Enterprises on Corporate Note Issuance

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.

More >>

Tags:  Baker McKenzie | Hong Kong

Baker & McKenzie Advises Uralchem on USD 220 Million Syndicated Pre-Export Loan Facility

Baker & McKenzie successfully advised Uralchem Group, the leading Russian fertilizer maker, on a debut USD220 million 5-year multi-currency syndicated pre-export loan facility arranged by ING Bank, Raiffeisenbank, Sberbank and VTB Capital as mandated lead arrangers and with HSBC Bank and Rosbank as lead arrangers. The loan was structured as a classic pre-export finance facility backed by deliveries of export-grade fertilizers and other export-grade commodities.

More >>

Tags:  Baker McKenzie | Moscow

Allen & Overy Advises IFC and FMO on the Completion of the USD330m Financing of the Takoradi 2 Power Plant Expansion in Ghana

Allen & Overy has advised International Finance Corporation (IFC) as co-lead Negotiator, Hedging Bank and Arranger for the OPEC Fund for International Development and the Canada Climate Change Program; and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) as Mandated Lead Arranger for a consortium of lenders comprising the African Development Bank, Deutsche Investitions-und Entwicklungsgesellschaft mbH (DEG), Emerging Africa Infrastructure Fund, ICF-Debt Pool and la Société de Promotion et de Participation pour la Coopération Economique (Proparco), on the project financing for the expansion of the Takoradi 2 power plant in Ghana.

More >>

Tags:  Allen & Overy LLP

Shearman & Sterling Advises on Banco Davivienda’s US$500 Million Senior Notes Offering

Shearman & Sterling represented Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as joint bookrunners in connection with Banco Davivienda S.A.’s offering of US$500 million Senior Notes due 2018. Banco Davivienda S.A. is one of the largest financial institutions in Colombia and is a leading, integrated full service bank with the strongest consumer banking franchise in Colombia.

More >>

Tags:  Shearman & Sterling LLP | New York

Top Senate Energy, Health/Education Staff Director to Join Bracewell & Giuliani’s Policy Resolution Group in D.C.

Bracewell & Giuliani LLP announced today that former Senate Committee Staff Director Frank Macchiarola is joining the firm’s Policy Resolution Group (PRG) in Washington, D.C.  Macchiarola, the former staff director of two prominent Senate committees, will bolster PRG’s environmental and energy practices as well as help expand the group’s healthcare and education practices.

More >>

Tags:  Bracewell LLP

Paul Hastings Represents Future Land in US$200 Million Senior Notes Offering

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.

More >>

Tags:  Paul Hastings, LLP | Hong Kong