Mallesons' Asia Banking practice has a strong presence in the market and an established reputation for covering the whole range of financing products.
We anticipate that in 2011 the market will see a return in volumes of event-driven financings (acquisitions and pre-IPOs) and a marked increase in RMB products and financings, with the surge in China outbound investment being a driver of growth in both areas.
Examples of recent work include:
Over GBP 1bn in equity-level bank financings to support the GBP 4 billion acquisition by Cheung Kong Infrastructure and Hong Kong Electric of EDF’s UK power grid
Hong Kong involvement in US$7bn sale by BP of oil field assets to a joint venture between Bridas and CNOOC
RMB-driven certificate of deposit programs for ANZ, Bank of China HK, BNP and others
USD 1.2bn project financing to Karara Mining Limited (a JV between Gindalbie Metals Ltd and China’s Anshan Iron and Steel Group)
HKD 8bn secured facility for a property subsidiary of the Wharf Group
AUD 600m financing for Hong Kong Electric’s Australia power generation subsidiary
USD 225m facility for Amcor Limited
RMB 33.7bn restructuring of promissory notes of Glorious Property Holdings Limited, a PRC based property developer.