JP Morgan issues new debt; Latham on Chevy Chase takeover; Gide helps build new football stadium

Author: | Published: 1 Dec 2008

Capital markets

Clifford Chance has advised JP Morgan Securities as the dealer manager on the first public tender offer for exchangeable bonds in Asia since the financial crisis bit last year. Korean chemical and construction materials manufacturer KCC Corporation made the offer, which involved paying cash for some of its outstanding exchangeable bonds. The transaction was a reverse book-build where investors submitted bids to JP Morgan detailing a price that they would accept for their exchangeable bonds. The Clifford Chance team was led by partner Connie Heng out of Hong Kong.

M&A Davis Polk & Wardwell is assisting PCCW, a Hong Kong telecoms provider, on its possible privatisation. Starvest and China Netcom have proposed such a privatisation by a...