Skadden aids JBIC bond issue
Skadden Arps Slate Meagher & Flom advised Citigroup Global Markets, Daiwa Capital Markets Europe, Goldman Sachs International, and JP Morgan Securities as the underwriters on a US$2 billion offering of 0.625% guaranteed bonds due 2023 by the Japan Bank for International Cooperation (JBIC).
The bonds were listed on the Luxembourg Stock Exchange, and offerings closed on 22 May 2020. The Tokyo-based Skadden team on the transaction was led by partner Kenji Taneda with Asia-Pacific counsel Ken Kiyota and associates Akira Tago and Kyle Huh.
Firm closes Beijing office
Stephenson Harwood shut its Beijing office as it revamps its practice in Hong Kong to focus on litigation, corporate M&A and asset finance work, after a review of its Asia operations earlier this year.
The review resulted in the firm closing its Beijing office of seven years after its only resident partner, Lin Chun-hui, left the firm. Meanwhile, Jamie Stranger, a restructuring and insolvency specialist was appointed as the firm’s Greater China managing partner, replacing Voon Keat Lai. Under his leadership, the firm aims to refocus its Hong Kong office to better align with its overall core practices.
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