King & Wood 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 increased in RMB products and financings, with the growth of China outbound investment being a driver of growth in both areas.
Examples of recent work include:
over GBP 1 billion 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$7 billion sale by BP of oil field assets to a joint venture between Bridas and CNOOC
RMB-driven certificate of deposit programmes for ANZ, Bank of China HK, BNP and others
US$1.2 billion project financing to Karara Mining Limited (a JV between Gindalbie Metals Ltd and China’s Anshan Iron and Steel Group)
HK$8 billion secured facility for a property subsidiary of the Wharf group
A$600 million financing for Hong Kong Electric’s Australia power generation subsidiary
US$225 million facility for Amcor Limited
RMB33.7 billion restructuring of promissory notes of Glorious Property Holdings Limited, a PRC based property developer.
For more information on King & Wood's previous experience click here