First guaranteed samurai; Enel's largest rights issue in Europe; The first securitisation of a holding company

Author: | Published: 1 Sep 2009

Debt

Allen & Overy has advised the Indonesian state on an issuance of $374 million in samurai bonds. This is the first sovereign samurai to receive a guarantee; this was provided by JBic. JBic was counselled by Nishimura & Asahi while Marsinih Martoatmodjo Iskandar Kusdihardjo provided assistance to the sovereign issuer.

HSBC's China subsidiary has issued a renminbi-denominated bond in Hong Kong, making it the first China subsidiary of a foreign bank to do so. Linklaters advised the issuer while Clifford Chance assisted the managers.

Allen & Overy, with its affiliated office Abdulaziz AlGasim Law Firm, has advised Saudi Electricity Company (SEC) on a $1.87 billion sukuk. The joint lead managers were advised by The Law Office of Mohammed A Al Sheikh, in association with White & Case.

Equity Lovells has advised on the second-largest initial public offering in Hong Kong this year – BBMG Corporation's HK$6 billion ($774 million) issue. The firm assisted...