Allen & Gledhill has advised the Housing and Development Board (HDB) on the issue of S$1 billion (US$736m) fixed rate notes due 2027, under its S$32 billion (US$23.5b) multicurrency medium term note programme. The issue was HDB’s inaugural issuance of green bonds, proceeds of which are intended to be used to finance or refinance eligible green projects under the Project Category of Green Buildings and for such other purposes, as set out in HDB’s Green Finance Framework. Partners Margaret Chin, Fabian Tan and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Manulife Investment Management on its investment in GLP Vietnam Development Partners, a logistics development fund with an investment capacity of US$1.1 billion. The fund, which focuses on developing modern and environmentally-friendly logistic facilities in Greater Hanoi and Greater Ho Chi Minh City, is seeded with six development sites with a total land area of close to 900,000 square metres, and has a robust development pipeline of further opportunities. The fund is also set to be one of the largest logistics development funds in Southeast Asia. Partner Foong Yuen Ping (Singapore) and managing partner Oh Hsiu-Hau (Vietnam) led their firm’s respective team in the transaction. AZB & Partners has advised Internet Fund VII, a fund managed by Tiger Global Management, on its Rs3.9 billion (US$51m) acquisition, along with other investors, of equity stake, via Series C funding round, in Infifresh Foods, an India-based software-financial technology online credit platform d/b/a “Captain Fresh”. Partners Ashwath Rau and Srinath Dasari led the firm’s team in the transaction, which was completed on March 9, 2022. AZB & Partners has...

Ashurst has represented Canon Medical Systems on its acquisition of Nordisk Røntgen Teknik (NRT), a Danish company headquartered in Aarhus, with advanced technology for the development and manufacture of diagnostic X-ray systems. Through this acquisition, Canon Medical opens up access to European-based technology, development and manufacturing for advanced multipurpose and motorized digital radiographic imaging solutions. London corporate partner and head of European Japanese practice Hiroyuki Iwamura led the firm’s team in the transaction. AZB & Partners is advising Reliance Industries, via its subsidiary Reliance Strategic Business Ventures, on its Rs16.7 billion (US$218m) acquisition of 50.1 percent equity stake in Sanmina SCI India, the Indian arm of Sanmina Corporation, by creating a 50.1/49.9 joint venture. Partners Ashwath Rau and Atreya Bhattacharya are leading the firm’s team I n the transaction, which was signed on March 3, 2022 and is yet to be completed. AZB & Partners has also advised Omnicom Group on its 100 percent acquisition of TechAspect Solutions. Partners Gautam Saha, Swati Chauhan and Nikhil Bahl led the firm’s team in the transaction, which was completed on February 25, 2022. Baker McKenzie has advised National United Resources Holdings (NURH) on its successful resumption of trading of its shares in Hong Kong starting March 10, 2022. As directed by the Securities and Futures Commission (SFC) pursuant to the Securities and Futures (Stock Market Listing) Rules, NURH was suspended from trading since August 2016. The trading resumption on March 10, 2022 marks a significant achievement for NURH, which obtained the SFC’s permission to recommence trading of its shares after being suspended for over five years. NURH is an investment holding company...

Allen & Gledhill has acted as transaction counsel to DBS Bank on its joint venture with Singapore Exchange, Standard Chartered Bank (Singapore) and Temasek Holdings to establish Climate Impact X (CIX), a global exchange and marketplace for high-quality carbon credits. CIX is an initiative from Singapore’s Emerging Stronger Taskforce’s Alliance for Action (AfA) on Sustainability. The AfA on Sustainability aims to position Singapore as a hub for carbon-related services and nature-based solutions. CIX comprises The Exchange, a digital platform that enables buyers and suppliers to trade large volumes of high-quality carbon credits, and the Project Marketplace, a digital platform for buying high-quality carbon credits directly from specific projects. Partners Lim Pek Bur, Adrian Ang, Elsa Chen, Alexander Yap and Jessie Lim led the firm’s team in the transaction. AZB & Partners is advising Reno Asia Holdings II on its Rs14 billion (US$182m) acquisition, along with other investors, of equity stake in Livspace. Partners Roxanne Anderson and Gaurav Bansal are leading the firm’s team in the transaction, which was signed on February 4, 2022 and is yet to be completed. AZB & Partners has also advised Unidays on its acquisition of Wynaut Webventures, operator of “Student Identify”, an online student verification service for couponing, discounts and offers by merchants. Partners Roxanne Anderson and Nandan Pendsey led the firm’s team in the transaction, which was completed on January 31, 2022. Clifford Chance has advised the Commonwealth Bank of Australia (CBA) and a syndicate of nine banks on a syndicated A$800 million (US$585m) sustainability-linked agricultural inventory borrowing base facility for Viterra, one of Australia’s leading grain companies. This marks Australia’s first syndicated...