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  • China's attempt at liberalizing its ailing corporate bond market with a regulatory switch has, so far, failed to boost the sector
  • Eco Telecom, a Gibraltar subsidiary of Alfa Bank, completed a $1.5 billion floating rate bond issue
  • Leading firms in the US are taking advantage of booming private equity business as funds continue to make inroads into corporate America
  • Baker & McKenzie's Australian office represented a private equity consortium in its offer for all the shares in Veda Advantage by way of scheme of arrangement. Mallesons Stephen Jaques advised Veda Advantage.
  • Modamax's shareholders have agreed to transfer the company to Cinven-controlled holding company Modacin Luxembourg.
  • Sberbank's equity offering closed in the last week of March raising $8.85 billion, but despite being second only to Rosneft in size, many will be disappointed with Russia's first banking initial public offering
  • United Technologies Corporation's (UTC) fire & security unit has made an offer for Rentokil's electronic security division, Initial Electronic Security Group. The bid values Rentokil's business at $1.174 billion.
  • Deutsche Bank, JP Morgan, CLSA and Macquarie acted as managers on the Singapore initial public offering of First Ship Lease Trust (FSL). This is the biggest business trust, by market capitalization, to list on the Singapore Stock Exchange.
  • Paul Hastings Janofsky & Walker represented Fila Korea in its acquisition of the global Fila footwear and apparel business from Sports Brand International (SBI).
  • The implementation of the Markets in Financial Instruments Directive (Mifid) is reaching its final stages. The government bill for the legislative proposals to implement Mifid is expected to be presented to the Finnish parliament in April 2007. It is expected that the amended legislation would be enacted on July 1 2007 and enter into force on November 1 2007.