Davis Polk – Cobalt International Energy, Inc. $1.38 Billion Convertible Notes Offering

Davis Polk advised Cobalt International Energy, Inc. (Cobalt) in connection with an SEC-registered offering of $1.38 billion aggregate principal amount of its 2.625% convertible senior notes due 2019, which included $180 million aggregate principal amount of notes sold pursuant to the underwriters’ fully exercised overallotment option. Morgan Stanley & Co. LLC and Goldman, Sachs & Co. were the underwriters of the offering.

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Tags:  Davis Polk & Wardwell LLP | New York

Herbert Smith Freehills Advises Stelux on Its US$47.7 Million Bond Issuance

Herbert Smith Freehills has recently advised Stelux Holdings International Limited (“Stelux”), one of the largest mid-end watch and optical retailers in Asia, on the strategic investment and subscription of convertible bonds in an aggregate principal amount of approximately HK$371 million (US$47.7 million) by Boyu Capital (“Boyu”).

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Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

White & Case Advises Banks on €500 Million Bond Debut of Bilfinger

Global law firm White & Case LLP has advised a banking syndicate led by Commerzbank, Deutsche Bank and UniCredit Bank on a corporate bond issue by Bilfinger SE. The seven-year bond, with a volume of €500 million and a coupon of 2.375 percent, will be listed on the Luxembourg stock exchange. It was placed successfully in Germany, the Netherlands, Luxembourg and Austria.

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Tags:  White & Case LLP