Allen & Gledhill LLP has advised Wilmar International Limited (Wilmar) in respect of a US$1.3 billion syndicated term loan facility to its subsidiary, Wealth Anchor Pte Ltd, to finance Wilmar’s acquisition of Sucrogen Limited. Partner Margaret Chin led the transaction. Allen & Gledhill LLP has also acted as Singapore law counsel for Amtek Engineering Ltd (AEL) in respect of Metcomp Holdings’ IPO of 36.8 per cent of its shareholding interest in AEL in conjunction with AEL’s listing on the SGX-ST. The IPO raised total proceeds of S$260 million (US$201m). The joint global coordinators and joint issue managers were Credit Suisse (Singapore) Limited and Morgan Stanley Asia (Singapore) Pte who, together with Standard Chartered Securities (Singapore) Pte Limited, were also the joint lead managers, joint bookrunners and joint underwriters of the issue. Partners Leonard Ching and Bin Wern Sern led the transaction. Another team led by Partner Prawiro Widjaja provided Singapore law advice to Metcomp Holdings. Amarchand & Mangaldas has advised JSW Steel in respect of its acquisition of 45.53 per cent of the equity of Ispat Industries Limited (Ispat) by way of a preferential allotment for a total consideration of Rs2157 crores (US$476.1m). The acquisition is to infuse funds into Ispat to revive its operations, implement its integration projects and meet its financial obligations. Pursuant to the same, JSW Steel is required to make an open offer in terms of the SEBI regulations. After the open offer process, JSW Steel is expected to hold approximately 53.58 per cent of the fully diluted equity capital of Ispat, assuming full acceptances. Managing partner Cyril Shroff, senior partner L Vishwanathan and partner...

Allen & Gledhill LLP has advised ARA Trust Management (Suntec) Limited, as manager of Suntec REIT, in respect of its private placement of new units in Suntec REIT. The S$428.8 million (US$325.6m) gross proceeds from the private placement will be utilised to partially finance the acquisition of a one-third interest in Marina Bay Financial Centre Towers 1 & 2 and the Marina Bay Link Mall. Partners Jerry Koh and Foong Yuen Ping led the transaction. Allen & Gledhill LLP has acted as Singapore law counsel for DBS Bank Limited as the lead manager, and The Hongkong and Shanghai Banking Corporation Limited as the fiscal agent and principal paying agent, in respect of Joynote Ltd’s issue of S$225 million (US$170.8m) guaranteed 2.25 per cent notes due 2015 on 23 November 2010. All sums payable by Joynote in respect of the notes are guaranteed by Cheung Kong (Holdings) Limited. Partner Margaret Chin led the transaction. Allens Arthur Robinson has advised grain handler and trader Cargill Australia in respect of its acquisition of grain trading assets and infrastructure from Canadian fertiliser and rural services provider Agrium Inc. Under the agreement, signed on 15 December 2010, Cargill Australia will buy the grain commodities business that Agrium acquired when it purchased Australian agribusiness AWB Limited on 3 December 2010. Subject to various regulatory approvals and expected to close in the first half of 2011, the acquisition will include AWB’s grain marketing and pool operations, international grain trading businesses, grain distribution and storage assets and international operations. Partners Carolyn Oddie and Marcus Clark led the transaction. Blake Dawson and Clayton Utz acted for AWB/Agrium. Amarchand...

Allen & Gledhill LLP has advised the lead arrangers (composed of the Bank of Tokyo-Mitsubishi UFJ Ltd Singapore Branch, DBS Bank Ltd, Malayan Banking Berhad, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation Singapore Branch and United Overseas Bank Limited), in respect of an agreement for the term and revolving loan facilities of up to S$1.6 trillion (US$1.2t) with Orchard Turn Retail Investment Pte Ltd, a wholly-owned subsidiary of Orchard Turn Holding Pte Ltd, which is a 50:50 joint venture company of CapitaMalls Asia Limited and Sun Hung Kai Properties Limited. Proceeds will be used primarily to refinance the financing previously obtained by Orchard Turn Holding Pte Ltd for the acquisition and development costs of ION Orchard, which matures in April 2011. Partner Kok Chee Wai led the transaction. Allen & Gledhill LLP has also acted as Singapore law counsel for Credit Suisse (Singapore) Limited and DBS Bank Ltd, as joint lead managers, bookrunners and underwriters, in respect of the equity fund raising of Ascott Residence Trust Management Limited (acting for and on behalf of Ascott Residence Trust) which raised approximately S$525.8 million (US$401m). The transaction consisted of a placement of approximately 419.7 million new units and a non-renounceable preferential offering of about 67.9 million new units. Partners Tan Tze Gay, Shawn Chen and Foong Yuen Ping led the transaction. Allens Arthur Robinson has advised leading international mining group Rio Tinto in respect of an agreement with international mining company Ivanhoe Mines to assume direct management of the Oyu Tolgoi copper-gold project in Mongolia. Under the agreement, Rio Tinto will deliver an interim loan facility which...

Allen & Gledhill LLP has advised the arrangers and participants – composed of DBS Bank Ltd, Malayan Banking Berhad, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited – and Islamic Bank of Asia Limited as the investment agent in respect of the S$750 million (US$570m) commodity Murabaha financing facilities extended to Parkway Holdings Limited. Partners Kok Chee Wai and Suhaimi Zainul-Abidin led the transaction. Allen & Gledhill LLP has also acted as Singapore law counsel for the underwriters in respect of STX OSV Holdings Limited’s IPO and listing on the SGX ST which raised gross proceeds of approximately S$288.8 million (US$219.6m). Partners Tan Tze Gay and Rhys Goh led the transaction. In addition, Allen & Gledhill LLP has advised Zuellig Pharma China, the largest pharmaceutical importer in China and known locally as Yong Yu, in respect of its acquisition by Cardinal Health for US$470 million. Partners Lee Kim Shin and Lim Chong Ying led the transaction. Finally, Allen & Gledhill LLP has acted as Singapore law counsel for Oversea-Chinese Banking Corporation Limited (OCBC) in respect of its issue of US$500 million fixed to floating rate subordinated notes due 2022 callable in 2017 under its S$4 billion (US$3b) programme for Issuance of Debt Instruments. The notes are listed on the SGX-ST. The joint lead managers and joint bookrunners for the issue were JP Morgan (SEA) Limited, Morgan Stanley Asia (Singapore) Pte, OCBC and The Royal Bank of Scotland plc Singapore Branch. Partners Au Huey Ling and Long Pee Hua led the transaction. Allen & Overy has advised International Finance Corporation (IFC), a member of the World...

Allens Arthur Robinson has advised the International Finance Facility for Immunisation Company (IFFIm) in respect of its inaugural A$400 million (US$384m) kangaroo bond issue. IFFIm is a multilateral development institution registered as a UK charity that was created to accelerate the funding of health and immunisation projects implemented by the Global Alliance for Vaccines and Immunisation in 70 of the world’s poorest countries. It was established to assist the international community in achieving the Millennium Development Goals committed to by the UN General Assembly in 2000. Partner James Darcy led the transaction. Amarchand & Mangaldas & Suresh A Shroff & Co has represented ALSTOM Holdings (Alstom) and Schneider Electric Industries SAS (Schneider) in respect of the open offer made to the shareholders of Areva T&D India Limited (Areva), which successfully closed on 25 November 2010. The open offer was made by Alstom and Schneider to acquire up to 20 per cent of the issued share capital of Areva. DSP Merrill Lynch was the merchant banker to the offer. Alstom and Schneider made a joint bid to acquire the shares of Alstom T&D Holding SA from Areva SA and, consequently, the global transmission and distribution business of the Areva group. The acquisition of shares of Areva T&D Holding SA led to an indirect acquisition of 72.18 per cent share capital of Areva, and also a change in control, resulting in the open offer under Regulations 10 and 12 of the Takeover Regulations. The open offer will now be followed by the separation of Areva’s transmission and distribution businesses. Partner Akila Agrawal led the transaction. Amarchand & Mangaldas & Suresh A...