International legal practice Osborne Clarke has advised NatWest on the financing of Solarplicity’s first roll-out of SMETS1-compliant smart meters to UK energy customers.
The financing will pave the way for further funding by NatWest of Solarplicity’s smart meter business.
Global law firm White & Case LLP has advised Goldman Sachs & Co. LLC, Inter-American Investment Corporation (IDB Invest), International Finance Corporation (IFC) and Swiss Export Risk Insurance (SERV) in structuring approximately R$5.0 billion (US$1.8 billion) in financing for the design, construction and operation of a 1,516 MW thermoelectric power plant in Brazil.
TLT has acted for a consortium of 13 Indian banks led by State Bank of India, successfully defeating two applications by high profile businessman Dr Vijay Mallya.
The first was an application to set aside the first recorded case of a judgment of the Debt Recovery Tribunal in India being registered by the English High Court and the second was to discharge an associated worldwide freezing order.
TLT also acted for the banks in November 2017 to secure the registration and freezing order.
Ashurst is advising Evercore Partners, J.P. Morgan and Nomura in relation to Takeda Pharmaceutical Company’s £46 billion recommended offer for Shire, announced today.
Herbert Smith Freehills has advised the Joint Lead Managers of Macquarie Group Limited’s (MGL) offer of Macquarie Group Capital Notes 3 (MCN3). MCN3 are fully paid, unsecured, subordinated, non-cumulative, mandatorily convertible notes issued by MGL, and are being offered at an issue price of A$100 per MCN3.
The offer is intended to raise A$600 million, with the ability to raise more or less.
Mayer Brown advised the Joint Lead Managers and Bookrunners on the Democratic Socialist Republic of Sri Lanka’s offering of new senior unsecured fixed rate notes, comprising of US$1.25 billion 5.75% notes due 2023 and US$1.25 billion 6.75% notes due 2028. The Joint Lead Managers and Bookrunners were Citigroup, Deutsche Bank, HSBC, J.P. Morgan and Standard Chartered Bank. This was Sri Lanka’s largest offshore bond offering to date, and mark Sri Lanka’s twelfth US dollar benchmark offering in the international bond markets since 2007.
Davis Polk advised the joint global coordinators in the Hong Kong initial public offering of Ping An Healthcare and Technology Company Limited. The gross proceeds from the offering amounted to approximately HK$8.77 billion ($1.12 billion) prior to the exercise of the over-allotment option.
In another landmark Asia capital markets transaction, Milbank, Tweed, Hadley & McCloy advised Credit Suisse, as underwriter, on a US$310 million concurrent equity placement and convertible bond offering by a leading Vietnamese real estate developer, No Va Land Investment Group Corporation (“Novaland”), marking the first ever capital raise for a Vietnamese company in a concurrent equity placement and convertible bond offering. The concurrent offering was also the first equity-linked bond issuance out of Vietnam since 2012.
Simpson Thacher is representing Ant Financial Services Group (“Ant Financial”) in connection with its strategic partnership with bKash Limited in Bangladesh. As part of Ant Financial’s global strategy, the partnership involves Ant Financial investing into and sharing technological know-how with bKash in order to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.
Mayer Brown, with the support of Tauil & Chequer Advogados (T&C), in association with Mayer Brown, represented the underwriters led by Bradesco BBI, Citigroup, Morgan Stanley, BB Investimentos and Nomura on a US$208 million offering of preferred shares by Banco Inter S.A., a digital bank and one of the leaders in the modernization of the Brazilian banking industry. The preferred shares are listed in Brazil on the São Paulo Stock Exchange and were offered in Brazil and sold offshore with the offshore offering done pursuant to Rule 144A/Regulation S.