Allen & Gledhill has advised Oversea-Chinese Banking Corporation, acting through its Sydney branch, on the issue of A$500 million (US$370m) floating rate green notes due 2024, under its US$30 billion global medium term note programme. Partner Glenn Foo led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to venture capital firm SoftBank Ventures Asia on its participation in a US$20 million Series A round investment, led by Cambridge Capital, in Parcel Perform. Parcel Perform is a Singapore-based start-up that offers leading carrier-independent parcel tracking service for merchants worldwide, connecting them with over 600 logistics carriers, and providing them with comprehensive, standardised delivery information and streamlined logistics data. Nicholas Soh led the firm’s team in the transaction. AZB & Partners is advising HDFC Life Insurance on its Rs66.8 billion (US$910m) acquisition of 100 percent of the share capital of Exide Life Insurance from Exide Industries. Partners Ashwath Rau, Kashish Bhatia and Arvind Ramesh are leading the firm’s team in the transaction, which was signed on September 3, 2021 and is yet to be completed. AZB & Partners has also advised Avendus PE Investment Advisors, acting through its vertical Future Leaders Fund, on the acquisition by various reputed investors of shareholding in the Avendus Future Leaders Fund II, a category II AIF set up by Avendus PE Investment Advisors with an investment focus on digital, consumption and financial services segments. Partners Ashwath Rau and Pallabi Ghosal led the firm’s team in the transaction, which was valued at Rs5.8 billion (US$79m) and was completed on August 19, 2021. Clifford Chance has advised Sinochem Group and China National...

Featured Deals: Kudun and Partners has represented Nusasiri on issuing various debentures throughout 2020 in raising over β1 billion (US$31m) debentures across ten issuances. Partner Chai Lertvittayachaikul led the firm’s team in the transaction. Kudun and Partners  has also represented Jetion Solar (Thailand), a large solar panel manufacturer with presence in China, Germany and Thailand, and backed by Chinese-state-owned company China National Building Materials Group, on an engineering, procurement and construction dispute by successfully claiming from its contractor the outstanding fees for the solar power plants construction fee of β788.7 million (US$24.4m).   Allen & Gledhill has advised GIC subsidiary Warrington Investment, as a holder of debentures issued by Eixo SP Concessionária de Rodovias on certain transactions contemplated under a R$3 billion (US$578.6m) financing agreement between Eixo SP and Banco Nacional De Desenvolvimento Econômico E Social (BNDES), with BNDES as lender. GIC also holds a 30 percent stake in Eixo SP, while the remaining 70 percent is held by Pátria Investments. Partner Bernie Lee led the firm’s team in the transaction, which is considered as the largest toll-road project finance in Brazil. AZB & Partners has advised Lesjöfors on its acquisition of 88 percent stakeholding in Alcomex Holding, along with its subsidiaries, including its Indian subsidiary Alcomex Springs. Partner Percis Anklesaria led the firm’s team in the transaction, which was completed on July 28, 2021. AZB & Partners is also advising the Asian Development Bank on its acquisition of privately-placed, unlisted, secured, interest-bearing, rupee-denominated non-convertible debentures of up to Rs400 million (US$5.5m) to be issued by Krsnaa Diagnostics for scaling up Krsnaa’s COVID-19 screening and detection capacity. Partners Gautam Saha and Ambarish Mohanty are leading the...

Featured Deals: Kudun and Partners has represented a group of high-net-worth buyers on the 69.18 percent share acquisition transaction, including preparing tender offer for all shares of One to One Contacts (OTO), from Samart Engineering and Samart Corporation in the total amount of β464.88 million (US$14.1m). Part of the transaction includes the firm providing escrow services for the buyer and the seller. Partner Kom Vachiravarakarn led the firm’s team in the transaction. Kudun and Partners has also represented STARK Corporation on the issuance of derivatives in the form of warrants to purchase ordinary shares, with a term of four years from the issuance date of the warrants, of Stark Corporation Limited Series 1 (STARK-W1) for β20 billion (US$606.7m). Partner Kom Vachiravarakarn also led the firm’s team in the transaction.   Allen & Gledhill has acted as transaction counsel to Temasek Financial (I) on its issue of S$1.5 billion (US$848m) 2.8 percent guaranteed notes due 2071, under its US$25 billion guaranteed global medium term note program. The notes are unconditionally and irrevocably guaranteed by Temasek Holdings. Partners Yeo Wico, Wu Zhaoqi and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to Mapletree Investments on the issue of S$600 million (US$442.3m) 3.7 percent subordinated perpetual securities by Mapletree Treasury Services, under its US$5 billion euro medium term note program. The securities are guaranteed by Mapletree, and are the first subordinated fixed-for-life perpetual issuance in the Singapore dollar market. Partner Glenn Foo led the firm’s team in the transaction. AZB & Partners is advising Internet Fund VII, a fund managed by Tiger...

Featured Deal   Yoon & Yang has advised Doosan Heavy Industries & Construction (DHIC) on aggregating and implementing US$60 million investment in US nuclear power plant manufacturer NuScale Power, which will expand the supply of small modular reactor (SMR) equipment and materials up to multibillion dollars. Following its initial investment with other Korean investors of US$44 million in 2019, DHIC decided to aggregate an additional US$60 million, raising the total investment to US$104 million. NuScale Power Module is expected to be applied for the first time to the nuclear power plant project carried out in Idaho by Utah Associated Municipal Power Systems. While enhanced cooperative relationship between DHIC and NuScale Power is expected to speed up the commercialization of SMRs, DHIC and Korean investors will expand their unitholding ratio in NuScale Power. Seoul cross-border transaction partner Zunu Lee (Joon Woo Lee), supported by Seoul partners Jae Woo Park and Youngkyun Yun, led the firm’s team in the transaction.   Allen & Gledhill has advised Temasek Financial (I) and Temasek Holdings on the issue of US$750 million 1.625 percent guaranteed notes due 2031, US$750 million 2.375 percent guaranteed notes due 2041 and US$1 billion 2.75 percent guaranteed notes due 2061, under the US$25 billion guaranteed global medium term note programme established by Temasek Financial (I). The notes are unconditionally and irrevocably guaranteed by Temasek Holdings. Partners Yeo Wico, Wu Zhaoqi and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Singapore Press Holdings (SPH) on its S$2.2 billion (US$1.6b) privatization, via a scheme of arrangement, by Keppel Pegasus, a wholly-owned subsidiary of Keppel Corporation. Keppel...

Featured Deals: Kudun and Partners has represented B.Grimm Power on a cross-border investment transaction on acquiring 100 percent shares in a company that has obtained the right to develop the first ground-mounted solar photovoltaics project in Cambodia, with the power purchase agreement for 30 MW with Electricite Du Cambodge (EDC) for 20 years. B.Grimm is one of the oldest and largest infrastructure developers in Thailand. Upon completion of the acquisition, the firm continued to assist on the project development phase, including preparation and finalization of the construction and supply agreements. Partner Kudun Sukhumananda, supported by partner Chai Lertvittayachaikul, led the firm’s team in the transaction. Kudun and Partners has also represented CNNC Joint Venture, consisting of Prima Marine subsidiary NTL Marine, and Nathalin and Zhonggang Construction Group from China, on setting up the joint venture company and the submission of bidding proposal to the Port Authority of Thailand for the construction work of Laem Chabang Port Development Project Phase 3 (Part 1) Off-Shore Construction, a key project in Thailand’s Eastern Economic Corridor, which is put forward by the current Thai government to attract investment, boost innovation and upgrade the industries. Partner Kom Vachiravarakarn led the firm’s team in the transaction.   VILAF has advised BIM Land Joint Stock Company on its offering of US$200 million 7.375 percent high yield bonds due 2026 for listing in Singapore, and which was closed in May 2021. The deal is one of the first Regulation S international bond offering by a non-public company in Vietnam, and is also Vietnam’s first green bond. A subsidiary of BIM Group, BIM Land is one of the...