Davis Polk advised Citigroup Global Markets Inc, Deutsche Bank AG, Singapore Branch, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS AG, Hong Kong Branch as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $500 million in aggregate principal amount of its 2.875% notes due 2018.

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Global law firm Proskauer represented CCB International as the lead initial investor in respect of a US$200,000,000 guaranteed secured senior notes issued by Zhuguang Holdings Group Company Limited, a property development and investment company based in Guangdong Province China and listed on the Hong Kong Stock Exchange (HKSE). In consideration of the purchase of the senior notes, the Issuer also issued to the initial investors warrants representing aggregate exercise price of US$40,000,000.

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Herbert Smith Freehills has advised China National Petroleum Corporation (CNPC), the parent company of publically-listed PetroChina, on its acquisition of a 28.57% stake in Eni East Africa SpA, a wholly owned subsidiary of Eni SpA, for US$4.2 billion.

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Orrick, Herrington & Sutcliffe LLP announced today that Peter D. Cleary has joined the firm as Co-Head of its Asia Energy and Infrastructure Group, based in the Hong Kong office.  Mr. Cleary will share leadership of this Asian practice group with Co-Head Yoichi Katayama, who is based in Japan.

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Davis Polk advised Poly Real Estate Finance Ltd, a wholly owned subsidiary of Poly Real Estate Group Co., Ltd. (Poly Real Estate), in connection with its Regulation S offering of US$500 million 4.5% guaranteed bonds due 2018. The bonds were guaranteed by Poly Real Estate’s wholly owned subsidiary Hengli (Hong Kong) Real Estate Limited. The bonds were supported by a keepwell deed and an equity purchase undertaking from Poly Real Estate, and a keepwell deed from China Poly Group Corporation, the parent company of Poly Real Estate.

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Ashurst announces the appointment of John K.J. Kim as a partner in its Hong Kong office.

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Ropes & Gray LLP announced today that Jaewoo Lee has joined its corporate department as a partner. Mr. Lee focuses on corporate and financial transactions, particularly cross-border mergers & acquisitions. He will initially be based out of New York and Hong Kong and will relocate to the firm’s Seoul office when his license to practice in Korea is approved.

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Nigel Binnersley and Kristi Swartz have joined the international law firm Bryan Cave LLP as partners in the firm’s Hong Kong office. Binnersley will practice with Bryan Cave’s Commercial Litigation Client Service Group and Swartz will practice with the Transactions Client Service Group.

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Baker & McKenzie acted as REIT trustee’s counsel for Regal Real Estate Investment Trust (“Regal REIT”) on its HK$4.5 billion term loan and a HK$300 million revolving loan in July 2013, which are both for a term of approximately 5 years. The new term loan will be used for refinancing the existing term loan facility that will mature on 9 March 2015. The revolving loan will be used for general corporate funding purposes of Regal REIT.

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The firm is representing an affiliate of KKR Asset Management in connection with its pending acquisition of a 9.5% stake in PT Tiga Pilar Sejahtera Food Tbk (“TPSF”).  This will be KKR’s first investment in Indonesia.

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