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.

The Firm recently acted as both United States and Hong Kong counsel to Zoomlion H.K. SPV Co., Limited, a company incorporated in Hong Kong (the “Issuer”), and its parent, Zoomlion Heavy Industry Science and Technology Co., Ltd., a joint stock company incorporated in the People’s Republic of China which common shares are listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange (the “Parent”), in connection with the offering and sale of US$400 million aggregate principal amount of 6.875% Senior Notes due 2017 of the Issuer. The notes are unconditionally guaranteed by the Parent on a senior basis. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended. The notes were rated BB+ and BBB- by S&P and Fitch, respectively, and contained only investment-grade covenants. The Notes are listed and quoted on the Singapore Exchange Securities Trading Limited.