Freehills has advised Lend Lease on its issue of $275 million of Singapore dollar denominated senior unsecured notes.
The fixed rate notes were 1.6 times oversubscribed and priced at par yielding 4.625 per cent per annum payable semi-annually.
King & Wood Mallesons advised BofA Merrill Lynch, DBS Bank Ltd. and Goldman Sachs (Singapore) Pte., which were the joint lead managers for the transaction.
The Freehills team was led by head of debt capital markets, partner Patrick Lowden together with partners Justin Pelly and Justin O’Farrell and senior associate Laura Cameron.
“The issue continues the trend of strong Australian corporate credits seeking to diversify their funding mix to include direct issues into the domestic and offshore debt capital markets,” said Lowden.
“What was particularly pleasing about this transaction was the use of an Australian documentation platform for an international transaction. It was fantastic to be able to take the lead working with such a valued client on another market-leading transaction,” he said.