DEALS

Allen & Gledhill has advised Swire CocaCola, a subsidiary of Hong Kong-listed British conglomerate Swire Pacific, on its US$1 billion acquisition of CC Cambodia Holdings and Coca-Cola Indochina from Coca-Cola Japan. CC Cambodia and Coca-Cola Indochina package and distribute the Coca-Cola beverage in Cambodia and Vietnam, respectively. Partners Christian Chin and Nicholas Soh led the firm’s team in the transaction.

Ashurst has acted as international counsel, advising on both English and Hong Kong laws, to the issuer and guarantor on the issuance of US200$ million 6.5 percent guaranteed bonds due 2023 issued by ITG Holding Investment (HK), unconditionally and irrevocably guaranteed by Xiamen ITG Holding Group. The bonds are listed in the Chongwa (Macao) Financial Asset Exchange, and were cleared through Macao Central Securities Depository and Clearing (MCSD). ITG Holding Investment is a diversified service provider engaged in five main business sectors, namely supply chain, urban construction and operation, consumer and health, financial services and advanced manufacturing businesses. It is a state-owned company established in 1995 under Xiamen Municipal Bureau of Finance, the predecessor of Xiamen SASAC. Partner Jessica Li led the firm’s team in the transaction, which is the largest issuance by a Chinese non-financial institution since the launch of MCSD.

AZB & Partners has advised India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India, on the Rs28 billion (US$338m) acquisition by Green Infra Wind Energy, a wholly-owned subsidiary of Sembcorp Green Infra, of 100 percent stake in Vector Green Energy from India Infrastructure Fund II. Partners Zia Mody, Atreya Bhattacharya and Aditya Periwal led the firm’s team in the transaction, which was completed on 10 January 2023.

Baker McKenzie has advised Perusahaan Listrik Negara (PLN) on successfully securing a US$750 million (with green shoe option) syndicated loan with eight international and multinational banks, acting as mandated lead arrangers and book-runners, to support the company’s green projects and programs implementation. The mandated lead arrangers and book-runners of this deal comprise Bank of China, China Construction Bank, CIMB/Bank CIMB Niaga, DBS Bank, Bank Mizuho Indonesia/Mizuho Bank, OCBC/Bank OCBC NISP, Sumitomo Mitsui Banking Corporation/Bank BTPN and United Overseas Bank. This transaction, which represents PLN’s first commercial syndicated green loan, follows closely from the US$500 million green financing facility with a