Capital Markets in Asia

Fact Sheet

Experience

  • Financial Services

    • AIA Group in its $1 billion offering of 5.375% subordinated dated securities due 2034.
    • AIA Group in its $600 million offering of 4.95% notes, due 2033.
    • AIA Group in its $1.75 billion offering of 3.2% subordinated fixed rate securities, due in 2040. The offering was named “Bond Deal of the Year” by FinanceAsia in its annual Achievement Awards.
    • AIA Group in its $500 million offering of 3.90% notes due 2028.
    • AIA Group in its $500 million offering in Taiwan of 4.47% senior unsecured fixed rate notes due 2047.
    • AIA Group in its offering of $750 million of 3.20% senior notes due 2025, listed on the Hong Kong Stock Exchange.
    • AIA Group in its $1 billion Rule 144A placement in the United States.
    • American International Group (AIG) in its $2 billion sale of ordinary shares of AIA Group.
    • American International Group and AIA Group Limited in AIA's spin-off from AIG and $20.5 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong's history and the world's largest IPO in the insurance sector.
    • American International Group (AIG) and American International Assurance Company in AIG's agreement with the Federal Reserve Bank of New York to reduce the debt AIG owes the FRBNY by $25 billion and position AIA and American Life Insurance Company for initial public offerings.
    • American International Group in its $6 billion sale of a portion of its controlling stake in AIA Group.
    • BNP Paribas as lead bank in the €159 million share capital increase by Geodis.
    • Macquarie India Advisory Services Private Limited in its placement of equity shares of Videocon Industries Limited.
    • The Underwriters of SK Corporation's $300 million offering of notes listed on the Singapore Stock Exchange.
    • BNP Paribas and Crédit Agricole Indosuez Lazard as global coordinators in the €1.2 billion offering of 1.5% exchangeable bonds due 2007 exchangeable into ordinary shares of Pinault-Printemps-Redoute, listed on the Premier Marché, by Artémis Conseil.
    • Capital Group in its offering of zero coupon convertible bonds in its purchase of SecureSoft.
    • The underwriters in the $104 million project bond offering by Suzhou Development Trust for the post-completion lease-backed financing of highway facilities in Suzhou New Development District, Jiangsu Province.

  • Public/State Development Enterprises

    • Korea Highway Corporation in the establishment of a $2 billion Medium-Term Note Program and subsequent take-down from such facility of €400 million.
    • China Life Insurance as U.S. counsel in its $3.62 billion listing of 1.5 billion A Shares on the Shanghai Stock Exchange.
    • Korea Highway and Citigroup Global Markets, J.P. Morgan and UBS Investment Bank as underwriters in Korea Highway Corporation's $500 million offering of 5.125% notes due 2015.
    • State Development Bank in its first syndicated bank borrowing, and in a Schedule B Shelf Registration and the first takedown thereunder.

  • Telecommunications, Media and Technology

    • Citi, Credit Suisse and Merrill Lynch as underwriters in a $888 million follow-on offering of American Depositary Shares by Focus Media Holding Limited.
    • Credit Suisse, Goldman Sachs, Citigroup and Merrill Lynch in a $608 million offering of ADSs by Focus Media Holding Limited, China’s leading out-of-home multi-platform lifestyle media company, and certain of its shareholders.
    • Alibaba in its sale of a $1.6 billion stake to a consortium of investors including Silver Lake Technology Management, Digital Sky Technologies, Temasek Holdings and Yunfeng Capital.
    • Info Edge (India) Limited, one of India’s leading internet companies, in its initial public offering in India and international share placement.
    • Credit Suisse as sole underwriter in the $140 million secondary offering of American Depositary Shares of Focus Media Holdings Limited, China's leading out-of-home multi-platform lifestyle media company.
    • Gmarket, Korea's largest e-commerce provider, with its $144 million US-registered initial public offering and NASDAQ listing of American Depositary Shares. The underwriters for the offering included Goldman Sachs International, Cowen & Company and Thomas Weisel Partners.
    • Credit Suisse, Goldman Sachs, Citigroup, Merrill Lynch and the other underwriters in the $415.8 million follow-on offering of 7.7 million American depositary shares of Focus Media Holdings Limited.
    • A leading online gaming company in China in its proposed initial public offering and listing on Nasdaq. (Terminated)
    • SK Telecom and Momenta (Cayman) as selling shareholders in a $1 billion registered offering of American Depositary shares of SK Telecom by Momenta.
    • Deccan Chronicle, a newspaper publishing company in India, in its $50 million private placement of shares to institutional investors.
    • Tulip It Services, a telecoms networking and services company based in New Delhi, India in its offering of shares.
    • Alibaba in its issuance of a convertible bond to Softbank Corp.
    • SK Corporation in an indenture for exchangeable notes issued by an SPV guaranteed by SK Corp.

  • Industrial And Manufacturing

    • CLSA as placing agent for HK$1.2 billion of Zero Coupon Convertible Bonds issued by Paul Y. Engineering Group Limited, a Hong Kong Stock Exchange listed company, and the concurrent placement of HK$2.0 billion of shares of Paul Y. Engineering Group Limited.
    • Lafarge Shui On Cement Limited in its Reg S offering of CNY1.5 billion aggregate principal amount of 9.00% Guaranteed Notes due 2014.
    • Nanjing Gear in its $313 million initial public offering of common stock.
    • SK Corporation and SK Telecom in an offering of exchangeable bonds (exchangeable into SK Telecom Shares) valued at $1.25 billion and a concurrent offering by SK Corporation and SK Global of American Depositary Shares of SK Telecom valued at $431 million.
    • U.S. and English counsel to Korea Development Bank, Morgan Stanley and UBS Investment Bank as initial purchasers in a $300 million offering of senior subordinated notes by SK Corporation issued in accordance with Regulation S of the Securities Act, listed on the Singapore Stock Exchange. The notes were issued in connection with the refinancing of $250 million of notes issued by SK Corporation in 2001.
    • The Dhampur Sugar Mills Limited, a sugarcane products company, in its offering of its Global Depositary Shares listed on the Luxembourg Stock Exchange.
    • Dong Feng Motor Group in its HK$4 billion global offering, the first listing in Hong Kong by a state-owned motor vehicle manufacturer and the biggest overseas-listed car manufacturer in the PRC. The transaction included a Hong Kong public offering and an international offering within and outside the United States.
    • A Chinese pharmaceutical company, on an ongoing basis, in its corporate restructuring and subsequent IPO in New York.
    • Rain Commodities in its offering of securities through a qualified institutional placement in India and elsewhere internationally outside the U.S.

  • Power And Energy

    • Sithe Global Power in its sale of a 50% interest in Goreway Station to Chubu and Toyota Tsusho.
    • Kalpataru Power Transmission Limited, a power transmission network and infrastructure development company in India, in its private placement of shares.
    • Greens Power Equipment, a supplier of heat transfer products that are used to enhance energy efficiency, in its $63 million global offering, listed on the Hong Kong Stock Exchange. The transaction included a Hong Kong public offering and an international offering within and outside the United States.
    • Poweo in a €150 million rights offering.

  • Gaming

    • Melco Crown Entertainment in its offering of RMB2.3 billion (approximately $355 million) of 3.75% bonds, the first RMB-denominated bond to be issued by a company listed on the NASDAQ.
    • MCE Finance Limited in its offering of $600 million aggregate principal amount of 10.25% Senior Notes and the subsequent exchange offer for such bonds.
    • Melco Crown Entertainment in its $180 million follow-on offering of American Depositary Shares.
    • Melco Crown Entertainment in a $581 million follow-on public offering on the Nasdaq Global Market.
    • Melco Crown Entertainment in its $220 million follow-on public offering of American Depositary Shares.
    • Melco Crown Entertainment in its filing of a Form S-8 to cover employee benefit plan securities.