Allen & Gledhill LLP has advised Temasek Financial (I) Limited (TFL) and Temasek Holdings (Private) Limited (THL) in respect of the completion of the offerings of £200 million (US$310m) 4.625 percent guaranteed notes due 2022, £500 million (US$775m) 5.125 percent guaranteed notes due 2040, and S$1 billion (US$745m) 4.20 percent guaranteed notes due 2050, under TFL’s US$10 billion guaranteed global medium term note program. The note offerings, unconditionally and irrevocably guaranteed by THL, mark the first and second issuances of British pound-denominated guaranteed notes and the sixth issuance of Singapore dollar-denominated guaranteed notes by TFL under the program. Partners Yeo Wico, Andrew Chan, Sunit Chhabra and Glenn Foo led the team which advised on the transaction. Allen & Gledhill LLP has also advised The Hongkong and Shanghai Banking Corporation Limited and JP Morgan (SEA) Limited as the joint lead managers in respect of Olam International Limited’s issue of US$250 million 7.5 percent bonds due 2020, which are listed on the SGX. Partner Au Huey Ling led the firm’s advisory team. Allen & Overy has advised UBS AG as the sole lead manager in respect of the issuance of US$500 million 6.5 percent guaranteed notes due 2017 by Alliance Global Group Cayman Islands Inc. The issue was guaranteed by Alliance Global Group Inc, one of the Philippines’ largest conglomerates which has interests in the Philippine real estate development, food and beverage, quick service restaurant and integrated tourism industries. Hong Kong-based US law partner James Grandolfo led the transaction. Allen & Overy has also advised South Africa’s largest private health insurer, Discovery Holdings Limited (Discovery), in respect of its proposed acquisition...

Allen & Gledhill LLP has advised the joint bookrunners and the joint lead managers in respect of Danga Capital Berhad’s issue of S$600 million (US$441m) trust certificates due 2015, and S$900 million (US$661m) trust certificates due 2020, under its multicurrency Islamic securities issuance programme. The sukuks are listed on the Labuan International Financial Exchange Inc, the SGX and Bursa Malaysia Securities Berhad, and are cleared through The Central Depository (Pte) Limited. Khazanah Nasional Berhad, the Government of Malaysia’s investment holding arm, is the obligor for the sukuk issue, whilst CIMB Bank Berhad, DBS Bank Ltd and Oversea-Chinese Banking Corporation Limited are the joint bookrunners and, together with CIMB Islamic Bank Berhad, The Islamic Bank of Asia Limited and OCBC Al-Amin Bank Berhad, the joint lead managers. Partners Yeo Wico, Sunit Chhabra and Magdalene Leong led the transaction. Allen & Gledhill LLP has also advised Oversea-Chinese Banking Corporation Limited and VTB Capital PLC, as the lead managers, in respect of the issue by VTB Capital SA (VTB) of S$400 million (US$297m) 4.2 percent loan participation notes due 2012, under VTB’s US$20 billion Programme No. 2 for the issuance of loan participation notes. The notes are cleared through The Central Depository (Pte) Limited and are listed on the SGX. Partners Au Huey Ling and Glenn Foo led the transaction. Allen & Overy has advised Thai state-owned oil and gas producer PTT Exploration and Production Public Company Limited (PTTEP) in respect of the first US-dollar denominated bonds to be issued in Thailand through its wholly-owned Australian subsidiary, Australia PTTEP Australia International Finance Pty Ltd (PTTEPAIF). In addition to the Thai tranche of...

Allen & Gledhill LLP has advised SingTel Group Treasury Pte Ltd in respect of its S$10 billion (US$7.35b) Euro Medium Term Note Programme, which is guaranteed by Singapore Telecommunications Limited. The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley Asia (Singapore) Pte are the arrangers whilst the Bank of New York Mellon is the trustee for the programme. Partners Yeo Wico, Sunit Chhabra and Glenn Foo led the transaction. Allen & Gledhill LLP is also advising YTL Starhill Global REIT Management Limited, as manager of Starhill Global REIT MTN Pte Ltd (Starhill Global REIT), in respect of Starhill Global REIT’s issuance of S$124 million 3.405 percent notes due 2015 under its S$2 billion Multicurrency Medium Term Note Programme. Payments in respect of the notes are irrevocably and unconditionally guaranteed by Starhill Global REIT’s parent company HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee. Partner Margaret Chin led the firm’s advisory team. Appleby has acted as the Cayman Islands counsel for securities brokerage house Bright Smart Securities & Commodities Group Limited (Bright Smart) in respect of its listing on the HKSE on 25 August 2010. BOCOM International (Asia) Limited and Somerley Limited are the joint sponsors of the listing. Net proceeds from the offer are estimated to be around HK$218 million (US$28m) and are planned to be used for further funding and development of the group’s margin and IPO financing businesses and its futures & commodities brokerage businesses. Corporate partner Judy Lee led the firm’s advisory team, whilst K&L Gates also advised Bright Smart as to Hong Kong law. Loong & Yeung advised the sponsors and...

Allen & Gledhill LLP has advised SingTel Group Treasury Pte Ltd in respect of its S$10 billion (US$7.35b) Euro Medium Term Note Programme, which is guaranteed by Singapore Telecommunications Limited. The Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley Asia (Singapore) Pte are the arrangers whilst the Bank of New York Mellon is the trustee for the programme. Partners Yeo Wico, Sunit Chhabra and Glenn Foo led the...

Allen & Gledhill LLP has advised PSA International Pte Ltd (PSAI) on Singapore law in respect of its issue of US$500 million 3.875 percent notes due 2021 under its US$3.5 billion global medium term note programme. The dealers for the issue were Barclays Bank PLC, Singapore Branch, Credit Suisse (Singapore) Limited and Goldman Sachs (Singapore) Pte. Partners Tan Tze Gay and Glenn Foo acted on the matter. Allen & Gledhill LLP has also advised China Merchants Holdings (Pacific) Limited (CMHP) in respect of the proposal by its wholly-owned subsidiary China Merchants Pacific (Shenzhen) Investment Co Ltd, to acquire a 51 percent equity interest in Zhejiang Wenzhou Yongtaiwen Expressway Co.Ltd (Yongtaiwen Expressway Co) from China Merchants Group Limited. Yongtaiwen Expressway Co owns the rights to operate the Wenzhou Yongtaiwen Expressway (Wenzhou Section) in Zhejiang Province, PRC. The proposed acquisition is approximately valued at S$450 million (US$332m). Partners Lim Mei and Hilary Low acted on the matter. Allens Arthur Robinson is acting for Meridian Energy Ltd (Meridian), New Zealand’s largest renewable electricity generator, in respect of the development of a A$1 billion (US$898m) wind farm, which will be the biggest in the Southern Hemisphere and one of the largest wind farms in the world. Meridian has entered into a joint venture with AGL Energy, Australia’s largest renewable electricity generator, to build the 420 MW Macarthur wind farm in southwest Victoria. The project will offer a long-term source of renewable energy and complement the rest of Meridian’s developing Australian wind portfolio. Partner Anna Collyer is leading the advisory team. Norton Rose Australia is advising AGL Energy. AZB & Partners has advised American...