Milbank, Tweed, Hadley & McCloy LLP advised PT Lestari Banten Energi, a project company of Genting Berhad and SDIC Power, in connection with the project bond issuance of US$775 million 6.875% Guaranteed Secured Senior Notes due 2039. The bonds were issued by LLP Capital Pte Ltd. and unconditionally and irrevocably guaranteed by PT Lestari Banten Energi.
Allen & Overy advised the joint lead managers in Oil India Limited’s USD550 million 5.125% bond offering, which was issued under Regulation S of the U.S. Securities Act of 1933.
Oil India Limited is the second largest national oil and gas company in India as measured by total proved plus probable oil and natural gas reserves and production. The joint lead managers consisted of Barclays Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, Standard Chartered Bank, Mizuho Securities Asia Limited and MUFG.
Milbank, Tweed, Hadley & McCloy LLP represented Bank of America Merrill Lynch, HSBC and CLSA as joint arrangers and dealers in connection with the establishment of a US $1 billion medium term note program (“MTN”) issued by Cayman Island-based AC Energy Finance International Limited and guaranteed by Philippines-based AC Energy, Inc. (“AC Energy”), and the issuance of two series of notes totaling US$410 million.
International law firm Simmons & Simmons has advised Citi, as arranger and joint lead manager, and BAML, Barclays and J.P. Morgan as joint lead managers on the UK Government’s £3.7bn securitisation of income contingent student loans.
Linklaters advised the Airport Authority Hong Kong (the “AA”) on the pricing of its issuance of US$500 million 3.45% notes due 2029 (the “Notes”) under its US$8 billion Medium Term Note Programme (“MTN Programme”). The Notes are expected to be listed on the Hong Kong Stock Exchange and mark the first public offering bonds from the AA since 2003. HSBC and Citigroup are the joint lead managers for the offering.
Cravath represented the initial purchasers, led by Citigroup and NatWest Markets, in connection with the EU400 million Regulation S high-yield senior notes add-on offering of Smurfit Kappa Acquisitions Unlimited Company, a wholly owned subsidiary of Smurfit Kappa Group plc, one of the world's largest integrated manufacturers of paper-based packaging products. The notes were listed on the Irish Stock Exchange. The transaction closed on February 4, 2019.
Milbank, Tweed, Hadley & McCloy LLP represented Bank of America Merrill Lynch, HSBC and CLSA as joint arrangers and dealers in connection with the establishment of a US $1 billion medium term note program (“MTN”) issued by Cayman Island-based AC Energy Finance International Limited and guaranteed by Philippines-based AC Energy, Inc. (“AC Energy”), and the issuance of two series of notes totaling US$410 million.
Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50 million.
The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.
Hong Kong - Paul Hastings, a leading global law firm, announced today that it represented Yuzhou Properties Company Limited (“Yuzhou Properties”), a leading PRC property developer listed on the Hong Kong Stock Exchange, on two transactions involving issuances of senior notes.
US$500 million 8.625% senior notes due 2022. BOC International, Credit Suisse, Goldman Sachs (Asia) L.L.C., Haitong International, CICC HK Securities and Yuzhou Financial acted as the joint global coordinators, joint bookrunners and joint lead managers; and
Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50 million.
The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.