Allen & Gledhill has advised Bank of China Ltd Singapore Branch, DBS Bank Ltd, Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd in respect of the S$520 million (US$377.7m) syndicated secured loan facilities to refinance the existing loan facilities of Prime Asset Holdings Ltd. The financing was arranged by the four banks. The loan facilities were secured by security over the retail and office components of the Parkway Parade Property in Singapore. Partners Mark Hudspeth, Margaret Soh and Aloysius Ng led the transaction. Akin Gump is advising the Special Committee of the Board of Directors of Autohome Inc, the leading online destination for automobile consumers in China, in respect of its recent “going-private” proposal. Autohome’s board of directors formed the Special Committee to consider, review and evaluate a nonbinding going-private proposal received on 16 April 2016 from a consortium comprising of Autohome director and CEO James Zhi Qin, Boyu Capital Advisory Co Ltd, Hillhouse TBC Holdings LP and Sequoia China Investment Management LLP. Hong Kong corporate partner Gregory Puff is leading the transaction. Clayton Utz has acted for funds advised by Ironbridge Capital Management in respect of the more than A$120 million (US$87.2m) block trade of 38 million shares held by the Ironbridge Funds in Eclipx Group Ltd. Corporate/ Private Equity partners David Stammers and Niro Ananda led the transaction. Conyers Dill & Pearman has acted as Bermuda counsel to Yuexiu Transport Infrastructure Ltd in respect of its public issuance of RMB1 billion (US$153m) bonds listed and traded on the Shanghai Stock Exchange. Partner Anna Chong, working alongside Baker & McKenzie and Guangdong Guangda, led the transaction which...

Allen & Gledhill has advised Oversea-Chinese Banking Corp Ltd as sole lead manager and book-runner in respect of the issue of S$250 million (US$182.6m) 4.25 percent notes due 2026 by FCL Treasury Pte Ltd under its S$3 billion (US$2.2b) multicurrency debt issuance programme. Partners Ong Kangxin and Sunit Chhabra led the transaction. Allen & Gledhill has also advised DBS Bank Ltd, as sole global coordinator, joint lead manager, book-runner, registrar, paying agent and receiving banker, United Overseas Bank Ltd (“UOB”), as joint lead manager, book-runner and sole underwriter, and Perpetual (Asia) Ltd, as trustee of the holders of the bonds, in respect of the issue of S$280 million (US$204.5m) bonds by Perennial Real Estate Holdings Ltd. The issue comprises an offer to the public in Singapore and to institutional and other investors via a placement. Partners Margaret Chin and Daselin Ang led the transaction. AZB & Partners has advised Tree Line Asia Master Fund (Singapore) Pte Ltd in respect of its acquisition of a minority stake in One Mobikwik Systems Private Ltd, a company which issues pre-paid mobile wallets or offers pre-paid payment services via mobile phones, computers and other digital means, and is a payment aggregator and payment gateway and associated services. Partner Gautam Saha led the transaction which was completed on 5 May 2016. AZB & Partners has also advised International Finance Corp in respect of its acquisition of a significant minority stake in Lenskart Solutions Private Ltd. Partners Gautam Saha and Shuchi Sinha led the transaction which was valued at approximately INR1.7 billion (US$25.5m) and was completed on 2 May 2016. Baker & McKenzie has advised...

Allen & Gledhill has advised Housing and Development Board in respect of the issue of S$675 million (US$499m) fixed rate notes due 2021 as series 066 under its S$32 billion (US$23.7m) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the transaction. Appleby has acted as Cayman counsel to Get Nice Financial Group Ltd and Luen Wong Group Holdings Ltd in respect of their respective listings on the Main Board and Growth Enterprise Market of the HKSE. Get Nice, which listed on 8 April 2016, raised approximately HK$710.6 million (US$91.6m) in gross proceeds whilst Luen Wong, which listed on 12 April 2016, raised HK$81 million (US$10.4m). Get Nice provides brokerage services, securities margin financing and corporate finance advisory services during the Track Record Period. Luen Wong is a civil engineering company in Hong Kong. Hong Kong corporate partner Judy Lee led the transaction whilst Loong & Yeung was the Hong Kong adviser to Get Nice whilst Stephenson Harwood acted as Hong Kong counsel to the sponsors and underwriters. DS Cheung & Co served as Hong Kong counsel to Luen Wong whilst Li, Wong, Lam & WI Cheung was Hong Kong counsel to the sponsors and underwriters. AZB & Partners has advised FAL Corp, an affiliate of Fairfax Financial Holdings Ltd, in respect of the sale by ICICI Bank Ltd of 9 percent equity stake in ICICI Lombard General Insurance Company Ltd to FAL Corp, which would result in an increase in equity share of FAL in the company to approximately 35 percent. Partners Rajendra Barot and Samir Gandhi led the transaction which was valued at approximately...

Allen & Gledhill has advised DBS Group Holdings Ltd in respect of the issue of HK$1.5 billion (US$193.4m) 3.24 percent subordinated notes due 2026 under its US$30 billion global medium term note programme. The notes are expected to qualify as Tier 2 capital of DBS Group and its subsidiaries. Partner Glenn Foo led the transaction. AZB & Partners is advising Janalakshmi Financial Services Ltd (JFS) in respect of the acquisition by QRG Enterprises Ltd, Vallabh Bhanshali HUF and individual special purpose vehicles managed by Morgan Stanley, TPG and GIC of approximately 20 percent equity stake of JFS. Partners Srinath Dasari and Nanditha Gopal are leading the transaction which is valued at approximately INR13.65 billion (US$204.7m) and is yet to be completed. AZB & Partners has also advised Fairfax Holdings Ltd, through its wholly-owned subsidiary, in respect of its acquisition of five percent equity of Bangalore International Airport Ltd from Zurich Airport (Flughafen Zürich AG). Partners Ashwin Ramanathan and Rishi Gautam led the transaction which was valued at approximately INR3.2 billion (US$48m). Bird & Bird has acted as both Hong Kong and Singapore counsel to Weiye Holdings Ltd, a property developer listed on the Main Board of the SGX-ST, in respect of its dual primary listing by way of an introduction on the Main Board of the HKSE. Partners Wingon Chui (China & Hong Kong) and Marcus Chow (Singapore) led the transaction. Clayton Utz has advised cloud-based tech provider Wisetech Global as issuer and seller in respect of its landmark IPO and listing on the ASX on 11 April 2016, giving the company an indicative market capitalisation of A$973.6 million...

Allen & Gledhill has advised Bank of Singapore in respect of the acquisition of the wealth and investment management business of Barclays Bank PLC in Singapore and Hong Kong for approximately US$320 million in cash. This deal is the second largest private banking deal of the Oversea-Chinese Banking Corp Ltd group since 2009 and will help deepen its presence in South-east Asia, Greater China and the Middle East. Partners Andrew Lim and Christopher Ong, supported by partners Kenneth Lim, Adrian Ang, Alexander Yap and Sunit Chhabra, led the transaction. Allen & Gledhill has also advised Ascendas Frasers Pte Ltd, a joint venture between Ascendas Development Pte Ltd and Frasers Centrepoint Ltd, in respect of its S$420 million (US$313.2m) divestment of 1 Changi Business Park Central 1, Singapore 486036, commonly known as “One@Changi City”, to Ascendas Real Estate Investment Trust. Partners Eudora Tan, Shalene Jin, Fock Kah Yan, Margaret Soh, Teh Hoe Yue, Jerry Koh, Chua Bor Jern and Lim Pek Bur led the transaction. Allen & Overy has advised the joint lead managers in respect of Mongolia’s sovereign bond offering. The US$500 million issuance, which closed on 13 April 2016, was done under the Government of Mongolia’s global medium term notes program, in respect of whose establishment the firm advised the arrangers. The bonds were sold internationally on a combined Rule 144A / Regulation S basis, with US qualified institutional buyers accounting for a substantial portion of the total demand. Credit Suisse, Deutsche Bank, ING and JP Morgan were the joint book-runners and, together with Golomt Bank and TDB Capital, the joint lead managers of the offering. Proceeds of...