Allen & Gledhill advised DBS Bank, as the appointed arranger and sole dealer of the programme, as well as sole dealer of issue of the notes, on MoneyMax Treasure’s establishment of a S$500 million (US$385m) multicurrency medium term note programme, as well as the issue of S$70 million (US$54m) five percent notes due 2028 and S$30 million (US$23m) five percent notes due 2028. The notes are unconditionally and irrevocably guaranteed by MoneyMax Financial Services. The Bank of New York Mellon Singapore Branch was appointed as trustee of the programme, CDP issuing and paying agent, CDP calculation agent, CDP transfer agent and CDP registrar. The Bank of New York Mellon London Branch was appointed as non-CDP issuing and paying agent and non-CDP calculation agent. The Bank of New York Mellon Dublin Branch was appointed as non-CDP transfer agent and non-CDP registrar. Partners Margaret Chin and Sunit Chhabra led the firm’s team advising DBS Bank, while partner Daselin Ang led the firm’s team advising BNY Mellon Singapore, BNY Mellon London and BNY Mellon Dublin in the transaction. Allen & Gledhill has also advised the Housing and Development Board on the issue of S$1 billion (US$767m) fixed rate notes due 2032, under its S$42 billion (US$32.3b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Baker McKenzie, together with its member firms Baker McKenzie Wong & Leow in Singapore and HHP Law Firm in Indonesia, has advised Twinwood Family Holdings, part of the Sampoerna Strategic Group, on the divestment of its entire 65.721 percent stake in Sampoerna Agro (SGRO) to AGPA, a subsidiary...

AZB & Partners is advising International Holding Company (IHC), through its affiliate Avenir Investment, on the Rs88.5 billion (US$1b) acquisition of stake by Avenir Investment in Sammaan Capital. Partners Srinath Dasari, Nanditha Gopal and Abhilash Chandran are leading the firm’s team in the transaction, which was signed on October 2, 2025 and is yet to be completed. AZB & Partners has also advised Oaktree Opportunities XII (Singapore) Holdings on extending financing to PV Krishna Reddy and family for the acquisition of a controlling stake in Megha Engineering & Infrastructures. Partners Nilang Desai, Qais Jamal and Saloni Thakkar led the firm’s team in the transaction, which was completed on September 1, 2025. Moreover, AZB & Partners has advised GF on its US$240.6 million acquisition from Aurelius Alpha Invest New GmbH of VAG, including its Indian subsidiary VAG Valves (India). Partners Divya Mundra and Kritika Agarwal led the firm’s team in the transaction, which was completed on October 1, 2025. A&O Shearman has acted as sole international counsel to Citigroup Global Markets India, JP Morgan India, ICICI Securities and Kotak Mahindra Capital, as the underwriters, on the Rs16.6 billion (US$187m) IPO of Orkla India. The IPO consisted of an offer for sale by Orkla Asia Pacific and certain other existing shareholders. The shares were listed in India’s stock exchanges on November 6, 2025. A subsidiary of Norway-listed Orkla ASA, Orkla India is a leading Indian food company with a strong presence in South India through its MTR and Eastern brands. The IPO reflects a broader trend of global conglomerates unlocking value by listing their Indian assets. Partner and India Group co-head...

Allen & Gledhill has advised CIMB Bank Singapore Branch, The Hongkong and Shanghai Banking Corporation Singapore Branch and Standard Chartered Bank (Singapore) on the issue of S$500 million (US$385.5m) 2.486 percent green notes due 2055 by the Public Utilities Board (PUB). The notes will be used to finance or refinance new or existing eligible green projects under the PUB’s Green Financing Framework. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Baker McKenzie is advising Peak Reinsurance (Peak Re) on the entry into and completion of definitive agreements with KKR and Quadrantis Capital for the acquisition, via Peak Reinsurance Holdings, of minority stakes in Peak Re. This strategic partnership will reinforce Peak Re’s commitment to serve its global clientele. Peak Re is a global reinsurer specializing in emerging markets. Established in 2012, Peak Re ranks 27th among global reinsurance groups, in terms of net reinsurance premiums written. KKR is a leading global investment firm that offers alternative asset management, as well as capital markets and insurance solutions. Quadrantis Capital is a Portuguese investment management firm specializing in private equity and venture capital. Private equity partners Xinxing Chen and Derek Poon, supported by partners Martin Tam, Joachim Frick, Kenneth Ching, Baker McKenzie Wong & Leow principal Stephanie Magnus and FenXun partner Laura Liu, led the firms’ team in the transaction, which is subject to customary conditions, including regulatory approvals. FenXun established a joint operation office with Baker McKenzie in China under the name Baker McKenzie FenXun in 2015. Baker McKenzie has also advised Pinnacle Investment Management Group on its strategic investment in Advantage Partners, Japan’s largest independent, locally-grown,...

Allen & Gledhill has advised DBS Bank, Deutsche Bank Singapore Branch and The Hongkong and Shanghai Banking Corporation Singapore Branch on the establishment of a S$750 million (US$577.5m) multicurrency medium term note programme, and issue of S$150 million (US$115.5m) 5.75 percent sustainability senior notes due 2030 by Giti Tire. The notes were issued under the Sustainable Financing Framework by Giti Tire, which is aligned with the International Capital Market Association’s Green Bond Principles 2025 and Social Bond Principles 2025. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Renew Group on its sale of approximately 14.42 percent of the ordinary shares in UltraGreen.ai to, among others, Anchor VI (65 Equity Partners), Verde Taano (Vitruvian Partners) and AGP Healthcare Fund VCC (August Global Partners), at an equity valuation of US$1.3 billion. Partner Rhys Goh led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised StarHub on the issue of S$200 million (US$154m) 3.35 percent subordinated perpetual securities, under its S$2 billion (US$1.54b) multicurrency debt issuance programme. Partner Wu Zhaoqi led the firm’s team in the transaction. AZB & Partners is advising Kohlberg Kravis Roberts & Co and investment funds, vehicles and/or entities managed and/or advised by it or its affiliates on LEAP India’s proposed IPO of equity shares for up to Rs24 billion (US$273m), comprising of LEAP India’s primary issue of such number of equity shares aggregating up to Rs4 billion (US$45.6m), and an offer for sale by Vertical II and KIA EBT of such number of equity shares aggregating up to Rs20 billion (US$228m). KKR affiliate...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$1 billion (US$779.3m) fixed rate notes due 2035, under its S$42 billion (US$32.7b) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also acted as Singapore counsel to Fubon Life Singapore on its issue of US$650 million 5.45 percent Tier 2 subordinated dated capital bonds due 2035. The bonds are irrevocably and unconditionally guaranteed by Fubon Life Insurance. Partners Margaret Chin, Maree Quinn, Andrew Chan and Sunit Chhabra led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised PSA Treasury and PSA International on the issue of S$600 million (US$467m) 2.23 percent guaranteed green notes due 2035, under their US$5 billion global medium term note programme. The notes are unconditionally and irrevocably guaranteed by PSA International. This was PSA Treasury’s inaugural issue of green notes, and net proceeds will be used exclusively to finance or refinance new or existing projects, which fall within the Eligible Green Project Categories (as defined in the PSA Green Finance Framework 2025), with a two-year lookback period for refinancing projects, and which meet the Eligibility Criteria described in the PSA Green Finance Framework 2025. Partners Tan Tze Gay, Wu Zhaoqi and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners has advised JM Financial India Fund II, a scheme of JM Financial India Trust II, on its sale of more than five percent stake in India Home Loan to Skybridge Ventures. Partners Anand Shah and Kinshuk Jhunjhunwala led the firm’s team in the...