find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Deals – November 14

Deals – November 14

Freehills recently acted for Challenger Financial Services Group in its $187 million acquisition of the principal finance business of Zurich Capital Markets, which included Interstar Securities…

Freehills recently acted for Challenger Financial Services Group in its $187 million acquisition of the principal finance business of Zurich Capital Markets, which included Interstar Securities (one of Australia’s largest independent wholesale mortgage financiers), a high yield fixed interest and loan portfolio and 84,500 hectares of forestry assets.The Freehills team was lead by partners John Nestel, Leon Pasternak and Barry Barker.

Allen & Overys Hong Kong office has advised the joint lead managers Deutsche Bank and Merrill Lynch, on the US$300 ($425) million five-year fixed rate bonds issued by ICICI Bank, the first offshore bond issuance by an Indian company in more than six years. The bonds were issued on October 22, 2003.

The bonds are rated BB by Standard & Poor’s and Baa3 by Moody’s and are listed on the Singapore Stock Exchange.

This international bond issuance showed the flexibility of ICICI Bank to tap into the international debt capital markets. ICICI Bank plans to use the issue proceeds to meet the financing requirements of its borrowers.

The Allen & Overy Hong Kong-based team advising the joint lead managers comprised partner and head of Allen & Overy’s international capital markets group in Asia, Andrew Harrow, senior associate James Grandolfo and associate Linda Liu.

Partner and head of Allen & Overy’s international capital markets group in Asia, Andrew Harrow, commented, “In the current market, ICICI Bank’s Indian bond issue, the first international bond issued from India in just over six years, was impressive and the enthusiastic response from investors suggests the vast potential for Indian issuers to access the international debt capital markets. As the debt markets in India have undergone considerable change in the last few years, we foresee a growing demand for such bond issues in the years to come. We are particularly pleased to advise on this transaction as it continues our string of recent high-profile bond deals in the region.”

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Deals – November 14
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...