Akin Gump Advises Banglalink on Inaugural $300 Million Bangladesh Bond

Tuesday, December 16, 2014

Akin Gump has advised Banglalink Digital Communications Limited, a subsidiary of VimpelCom Ltd., on an innovative $300 million Rule 144A/Regulation S high-yield bond offering “first.” Banglalink issued $300 million Senior Notes due 2019, listed on the Singapore Exchange.

This groundbreaking transaction represents the first international bond offering from Bangladesh—there has never been a Bangladesh sovereign bond or corporate bond issue on the international capital markets before. More >>

Tags:  Akin Gump Strauss Hauer & Feld LLP | London

Riverwood Capital Raises $1.25 Billion Private Equity Fund

Monday, December 15, 2014

Simpson Thacher represented Riverwood Capital Partners in connection with the organization of Riverwood Capital Partners II, L.P., an approximately $1.25 billion private equity fund focused on making equity-related growth investments in middle-market companies, primarily in the technology and services industries, seeking capital to achieve growth and profitability on a global scale. More >>

Tags:  Palo Alto

Shearman & Sterling Advises Lenders on Los Ramones Sur Gas Pipeline

Monday, December 15, 2014

Shearman & Sterling acted as lenders’ counsel for the Pemex and GDF Suez consortium in connection with the approximately $890 million senior secured financing related to the development, construction, operation and maintenance of the Los Ramones Sur gas transportation system. The new system will be comprised of a new natural gas pipeline of approximately 291.5 km in length and 42 inches in diameter and approximately 15.5 km of 16 inch diameter pipeline to be located in central Mexico, commencing at the point of interconnection with the Los Ramones II (Norte) Project located in the Municipality of Villa Hidalgo in the State of San Luis Potosi and terminating at the interconnection point with the 36-inch diameter natural gas pipeline owned by PGPB located in the Municipality of Apaseo El Alto in the State of Guanajuato. More >>

Tags:  Shearman & Sterling LLP | New York

Eversheds advises TRW Automotive on £2.5 billion pension buy-out

Monday, December 15, 2014

Law firm Eversheds award-winning pensions team, has advised TRW Automotive as its Pension Scheme undertook a landmark £2.5 billion partial pension buy-out by Legal & General’s Retirement (LGR) business, in what constitutes the largest pension buy-out in the UK to date.

TRW Automotive ranks among the world’s leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 24 countries and employs approximately 65,000 people worldwide. More >>

Tags:  Eversheds Sutherland | London

China’s largest bank issues USD5.65 billion equivalent 6.00% AT1 preference shares in three currencies

Monday, December 15, 2014

The Industrial and Commercial Bank of China Ltd. (ICBC), China’s largest lender, issued USD5.65 billion equivalent in aggregate of Basel III-compliant Additional Tier 1 preference shares. Allen & Overy advised ICBC International as Sole Global Coordinator and ICBC International, Goldman Sachs, UBS and Bank of America Merrill Lynch as joint lead managers and joint bookrunners on ICBC’s debut offshore AT1 preference share offering. More >>

Tags:  Hong Kong

Simpson Thacher Represents the Initial Purchasers in $400 Million Senior Notes Offering by First Tennessee Bank National Association

Friday, December 12, 2014

The Firm represented Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and FTN Financial Securities Corp. as the initial purchasers in connection with the Section 3(a)(2) exempt offering of $400 million aggregate principal amount of 2.950% Senior Notes due 2019 by First Tennessee Bank National Association. More >>

Tags:  Simpson Thacher & Bartlett LLP | New York