Practice Areas - Debt Capital Markets Law Firms and Lawyers
Deal Date: | 07-12-2011 | Practice Area: | Debt Capital Markets |
Deal Title: | Industrial Development Bank of India Renminbi bond issuance | Industry: | Banks |
Description: |
Allen & Overy confirms it has advised HSBC as lead manager on Industrial Development Bank of India's inaugural offshore Renminbi bond issuance - the first Indian lender to raise funds in the offshore Renminbi market in Hong Kong, signalling another new set of potential borrowers to enter the growing dim sum bond market. IDBI is one of India's largest commercial banks. The notes were in the principal amount of CNY650 million with a coupon of 4.5 percent per annum and a maturity of three years from issue and were listed on the Singapore Stock Exchange.
The Allen & Overy team comprised Andrew Harrow, head of international capital markets in Asia and consultant Amit Singh.
Allen & Overy has extensive experience advising on offshore Renminbi bond transactions. Other notable deals include issuances by Tesco, Unilever, BP, Asian Development Bank, Caterpillar, China Resources Power, Hai Chao and ICBC Asia among others.
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Financial Center: | Hong Kong | Value: | 100.01-500.00 |
Advised Party: | Issuer | Law Firm | Allen & Overy |
Issuer Jurisdiction | India | Listing Jurisdiction | China |
Classification: |
Corporate Bonds Senior Debt |
Lawyer | Andrew Harrow |