Ashurst, a leading international law firm, has recently completed four successful liability management transactions.

Ashurst advised MIE Holdings Corporation on its consent solicitation seeking consents from holders of its outstanding high yield 6.875% Senior Notes due 2018 and its 7.50% Senior Notes due 2019 to certain proposed amendments to the respective indentures. The purpose of the amendments was to align with more recent issuances in the region and provide MIE with additional flexibility in light of the continuing volatility of the oil and gas industry.

In addition, Ashurst advised Deutsche Bank AG, Singapore Branch and J.P. Morgan Securities plc as the solicitation agents in relation to Greenko Group plc's consent solicitation seeking consents to certain amendments and waivers from holders of its outstanding high yield US$550 million 8.00% senior notes due 2019. The deal enabled Greenko Group plc to consummate the disposal of Greenko Mauritius, its subsidiary and the sole shareholder of the Issuer, to Greenko Energy Holdings, an affiliate of GIC, Singapore's sovereign wealth fund.

Ashurst also advised Deutsche Bank AG, Singapore Branch, the dealer manager, in relation to both of Century Limited successful tender offers of its 2014 issue of US$175 million 10.25% senior notes due 2019, guaranteed by Indiabulls Real Estate Ltd; the first tender offer of up to US$50 million, and the second tender offer of up to US$40 million of the same senior notes.

Anna-Marie Slot, the lead partner on the transactions said, "The successful transactions have assisted issuers by providing flexibility in growing their businesses and also managing their financing structures amidst volatile markets. Our deep understanding of the commercial goals, combined with extensive business experience and professional knowledge, enables us to provide the innovative insights which help our investment banking and issuer clients to achieve a competitive advantage."