Allen & Overy has advised the book running lead managers on Yes Bank’s Rs. 29,420.75 million (approximately USD500m) Qualified Institutions Placement (QIP) of shares to fund the bank’s future expansion. Please enter ByLine.
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Shearman & Sterling Advises on Republic of Uruguay’s Shelf Takedown of Bonds
Shearman & Sterling represented J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. in the Republic of Uruguay’s $2,000,000,000 shelf takedown of its 5.100% Bonds due 2050. Concurrent with the notes offering, the firm also advised J.P. Morgan Securities LLC and HSBC Securities (USA) Inc. as joint dealer managers on the Republic’s tender offer to purchase all of its outstanding 7.500% US Dollar-Denominated Global Bonds due 2015, 9.250% US Dollar-Denominated Global Bonds due 2017, 8.000% US Dollar-Denominated Global Bonds due 2022, 6.875% US Dollar-Denominated Global Bonds due 2025, 7.875% US Dollar-Denominated Global Bonds due 2033 and 7.625% US Dollar-Denominated Global Bonds due 2036.
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Bird & Bird advised the Republic of Guinea on a digital Public Private Partnership (PPP)
Bird & Bird has advised the Republic of Guinea, represented by the National Communication Council, in the negotiation of three public contracts concerning design and implementation of digital terrestrial radio and television (Digital Terrestrial Television) in Guinea.
The project is estimated to be worth more than 117 million USD shared between private and public investors.
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Perkins Coie Advises Government of India in First-of-Its-Kind $500 Million Central Public Sector ETF Initial Public Offering
Perkins Coie advised the government of India on the creation and initial public offering of its first central public sector enterprise (CPSE) exchange traded fund (ETF) on the National Stock Exchange. The ETF raised more than Rs 3000 crore (approximately US$501 million) in its initial public offering. The ETF will purchase and hold stakes in 10 selected central public sector companies (PSCs) through a mutual fund format.
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Paul Hastings Advises Banks on the Financing of Wayne Fuel Systems Acquisition by Riverstone Holdings
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup Global Markets Inc., UBS Securities LLC, Credit Suisse Securities (USA) LLC and BNP Paribas Securities Corp., as joint bookrunners and joint lead arrangers in connection with the financing for the acquisition of Wayne Fuel Systems, LLC, a manufacturer of petroleum fuel and compressed natural gas (CNG) dispensers and other fueling equipment, by affiliates of private equity firm Riverstone Holdings LLC from General Electric Corporation.
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Export Development Canada $1 Billion Global Bond Offering
Davis Polk advised underwriters represented by BNP Paribas, Goldman Sachs International, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBC Capital Markets, LLC in connection with the offering of $1 billion aggregate principal amount of 1.750% U.S. dollar bonds due 2019, issued by Export Development Canada.
Freshfields advises the Canada Pension Plan Investment Board on its US$250mn investment in the Markit group
Leading International law firm, Freshfields Bruckhaus Deringer, has advised the Canada Pension Plan Investment Board (CPPIB), the professional investment manager of the Canada Pension Plan and one of the world’s largest investors with C$219bn in net assets as at 31 March 2014, in relation to its US$250mn investment in the Markit group.
CPPIB invested via the recently announced US$1.28bn initial public offering and listing of the Markit group on the NASDAQ (the IPO). The IPO gives the Markit group a market capitalisation of approximately US$4.3bn.
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Herbert Smith Freehills advises Woodside on A$6.1 billion exit by Shell
Herbert Smith Freehills has advised Woodside Petroleum Ltd on the exit by Shell Energy Holdings Australia Limited, a subsidiary of Royal Dutch Shell plc, comprising:
• a selective buy-back of 78.3 million Woodside shares owned by Shell for total consideration of A$2.9 billion. The consideration is based on a price per share of A$36.49, representing a 14% discount to the volume weighted average price of Woodside shares over the five trading days before the announcement of the transaction, and
• an underwritten sell-down by Shell of a further 78.3 million shares at A$41.35 per share, for total consideration of A$3.2 billion.
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Mayer Brown JSM advises Huafa group on its issue of RMB850 million credit enhanced bonds
Mayer Brown JSM advised Hong Kong Huafa Investment Holdings Company Limited on its issue of RMB 850 million 4.25 percent. credit enhanced bonds due 2017 backed by a standby letter of credit issued by Agricultural Bank of China. The deal was jointly lead managed by ABC International, the Hong Kong and Singapore branches of Agricultural Bank of China and OCBC. The Issuer is a wholly owned subsidiary of Zhuhai Huafa Group Co., Ltd., a PRC state-owned conglomerate involved in urban operations, financial services, property development, sales and trading, modern services, education, media and tourism. The bonds were assigned an A1 rating by Moody’s Investors Service.
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Milbank Advising UK Fund Manager Man Group in Announced Acquisition of US Investment Manager Numeric Holdings
In a noteworthy deal aligning two prominent asset managers, Milbank, Tweed, Hadley & McCloy LLP is representing leading UK-based hedge fund Man Group PLC in its announced acquisition of Numeric Holdings LLC, an investment manager based in Boston.
Under their joint agreement, Man will pay $219 million in cash, with up to $275 million payable to Numeric management and employees following after a five-year period. The deal is expected to close in September.
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