Simpson Thacher & Bartlett represented
Microsoft in its initial debt offering of $3.75 billion. The
structure includes $2 billion of 2.95% notes due 2014, $1
billion of 4.20% notes due 2019 and $750 million of 5.20% notes
due 2039. Weil Gotshal & Manges
represented the underwriters including JP Morgan, Morgan
Stanley, Bank of America and Citigroup.
Clifford Chance and Allen &
Overy have played key roles on Asia's first covered
bond. The $1 billion transaction by Kookmin Bank was also novel
for its asset pool: it contained credit card receivables as
well as residential mortgages. Clifford Chance advised Kookmin
Bank with Shin & Kim providing Korean
guidance. Allen & Overy assisted the joint lead managers,
HSBC and Citi. Kim & Chang provided help
with Korean law, while McCann FitzGerald acted
as Irish counsel.
Linklaters and Clifford
Chance have assisted on Suzlon Energy's tender and
exchange offer for $500 million convertible bonds....