Allen & Overy advises on Hong Kong’s inaugural sukuk issuance

Monday, September 22, 2014

Allen & Overy has advised HSBC and Standard Chartered Bank as joint global coordinators and bookrunners along with several other bookrunners and co-managers on the USD1 billion sukuk offering by The Government of the Hong Kong Special Administrative Region of the People’s Republic of China, the first Islamic bond issuance by the HKSAR Government. The AAA-rated 5-year trust certificates were offered in a combined Rule 144A/Regulation S transaction to institutional investors internationally. More >>

Tags:  Allen & Overy LLP | Hong Kong

White & Case Advises on Innovative US$1.5 Billion Sukuk Issuance by the Republic of Indonesia

Friday, September 19, 2014

Global law firm White & Case LLP has advised the Joint Lead Managers on the issuance by the Republic of Indonesia of US$1.5 billion, 4.35 percent Sukuk due 2024.

“This transaction represents an important innovation in the way that sovereigns can issue Sukuk to fund public infrastructure development projects,” said UAE-based partner Shibeer Ahmed who, together with fellow Singapore-based partner, Kaya Proudian, led the White & Case team which advised on the issuance. “The reaction from the market demonstrates the strong investor interest in the Republic’s capital markets issuances.” More >>

Tags:  White & Case LLP | Dubai | Singapore

Linklaters advises on BSkyB’s £3.25bn Euro and Dollar denominated bonds to fund Sky Italia and Sky Deutschland acquisition

Friday, September 19, 2014

Linklaters has advised the managers on four tranches of bonds issued by BSkyB. Proceeds from the bonds will help finance its acquisition of Sky Italia and a majority stake in Sky Deutschland from 21st Century Fox.

The €1.5 billion bond with a 1.5% coupon due 2021 and the €1 billion bond with a coupon of 2.5% due 2026 were issued pursuant to the £10,000,000,000 Euro Medium Term Note Programme of British Sky Broadcasting Group plc and BSkyB Finance UK plc, unconditionally and irrevocably guaranteed by British Sky Broadcasting Group plc, BSkyB Finance UK plc, British Sky Broadcasting Limited, Sky Subscribers Services Limited and Sky In-Home Service Limited. In addition Linklaters advised the managers on a US$750 million bond with a coupon of 2.625% due 2019 and a US$1.25 billion bond with a coupon of 3.75% due 2024 sold into the United States. More >>

Tags:  Linklaters LLP | London

Providence Service Corporation Acquires Matrix Medical Network for $400 Million

Friday, September 19, 2014

Ropes & Gray advised Welsh, Carson, Anderson & Stowe and CCHN Group Holdings (Matrix Medical Network) in the sale of Matrix to Providence Service Corporation in a deal announced Sept. 18. Providence will acquire Matrix, a leading provider of in-home health assessments and care management services, for an aggregate purchase price of $400 million. More >>

Tags:  New York

Shearman & Sterling Advises on Consolidated Communications Finance II Co.’s $200 Million Senior Notes Offering

Friday, September 19, 2014

Shearman & Sterling represented Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and RBS Securities Inc. as joint-lead and bookrunning managers in connection with a private placement of $200 million aggregate principal amount of 6.50% Senior Notes due 2022 of Consolidated Communications Finance II Co., a wholly-owned subsidiary of Consolidated Communications, Inc. (“CCI”), pursuant to Rule 144A and Regulation S. The proceeds from the offering will be used to fund CCI’s acquisition of Enventis Corporation. More >>

Tags:  Shearman & Sterling LLP | Toronto

Simpson Thacher Represents Managers in $4.5 Billion Senior Bond Offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd.

Friday, September 19, 2014

Simpson Thacher recently represented the managers, led by Morgan Stanley & Co. LLC, Mitsubishi UFJ Securities (USA), Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Capital Markets Inc., in an offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) of $4.5 billion aggregate principal amount of its senior notes in five tranches due 2017 (floating rate), 2017, 2019, 2021 and 2024 (fixed rate). The offering was conducted pursuant to Rule 144A and Regulation S. The bonds are listed on the Singapore Exchange. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Shumaker, Loop & Kendrick, LLP Serves as Sole Lead Counsel in $1.1 Billion Common Stock Offering; Shumaker Leads Two Largest Overnight Primary Common Stock Offerings in 2014

Thursday, September 18, 2014

Shumaker, Loop & Kendrick, LLP announced today that it served as sole lead counsel to Health Care REIT, Inc. (NYSE: HCN) in the completion of its public offering of 17,825,000 shares at a price of $63.75 per share for total gross proceeds of approximately $1.1 billion. Including HCN’s May offering of common stock that also exceeded $1.1 billion in gross proceeds, Shumaker has served as sole lead counsel in the two largest individual overnight marketed common stock offerings by any NYSE listed company thus far in 2014 based on total gross proceeds. More >>

Tags:  Shumaker, Loop & Kendrick LLP | Toledo