Linklaters Advises on First Offshore RMB Bond Issue by a PRC Corporate

Monday, December 12, 2011
Linklaters has advised on the first offshore RMB bond issue by a PRC corporate. The groundbreaking RMB 3.6bn three-tranche dated senior unsubordinated debut issue of  Baosteel Group Corporation, a Fortune Global 500 company with one of the highest ratings among PRC corporates (A3 by Moody’s, A by S&P and A – by Fitch) is also the largest ever offshore RMB corporate bond offering to date, illustrating the depth of the rapidly expanding offshore RMB bond market.

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Tags:  Linklaters LLP | Hong Kong

Frederick H. Hoops, III Joins Dykema in Grand Rapids

Monday, December 12, 2011

Dykema Gossett PLLC announced today the addition of Frederick H. Hoops, III as a senior counsel in the firm’s Taxation and Estates Practice Group in the firm’s Grand Rapids, Michigan office. Hoops joins Dykema from Fifth Third Bank in Grand Rapids where he was the Vice President and Senior Wealth Planner in the Innovative Wealth Solutions Group. Previous to his work with Fifth Third Bank, Mr. Hoops was with the Clark Hill firm where he also practiced taxation and estate planning. Mr. Hoops is licensed to practice in Michigan and Florida.

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Tags:  Dykema Gossett PLLC | Grand Rapids

Milbank Represents Brazil’s GOL Linhas Aereas Inteligentes

Friday, December 9, 2011
In a deal reflecting its dual strengths in Latin America and the aviation industry, Milbank, Tweed, Hadley & McCloy LLP has represented long time client Brazilian airline GOL Linhas Aereas Inteligentes S.A. in a $100 million direct minority investment by Delta Airlines.  The investment was announced on December 7, together with a number of enhancements to strategic commercial co-operations.

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Tags:  Milbank LLP | Sao Paulo

Davis Polk Advises IPALCO Enterprises on Exchange Offer

Friday, December 9, 2011
Davis Polk advised IPALCO Enterprises, Inc. on its offer to exchange $400 million aggregate principal amount of its new 5.0% senior secured notes due 2018, which have been registered under the Securities Act, for its outstanding 5.0% senior secured notes due 2018, which were originally issued pursuant to Rule 144A and Regulation S under the Securities Act. Davis Polk also previously advised IPALCO on the original Rule 144A/Regulation S offering of the $400 million of senior secured notes.

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Tags:  Davis Polk & Wardwell LLP | New York

Clayton Utz Advising Extract on Potential Downstream Acquisition

Friday, December 9, 2011
Clayton Utz is advising ASX/TSX/NSX listed Extract Resources Limited in connection with the £632 million recommended conditional cash offer made overnight by Taurus Mineral Limited, an entity owned by CGNPC Uranium Resources Co and the China-Africa Development Fund, for AIM listed Kalahari Minerals plc. Kalahari has a 42.74% shareholding in Extract.

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Tags:  Clayton Utz