Majmudar & Co and Herbert Smith have assisted port infrastructure company Essar Shipping Ports & Logistics Limited in launching their foreign currency convertible bonds (FCCBs) issuance of $280m last month.
The firms advised on the domestic and international law aspects respectively.
Majmudar partner Akil Hirani led the team consisting of head of compliance Anup Khanna and associates Anthony Toppo and Kashish Bhatia.
Herbert Smith on the other hand drafted in London partners Dina Albagli and Martina Asmar.
“The scope of our work included drafting of the offering circular for listing of the convertible bonds on the Singapore stock exchange, liaising with the lead manager and English law counsels, carrying out legal due diligence, and drafting, vetting and finalizing the transactional documents,” said Majmudar.
The issuance involves $280m of 5 per cent convertible bonds with different maturities. Bonds worth $150m will mature in 2015 and the remainder in 2017.
Essar Shipping Ports & Logistics is a leading Indian logistics services provider with investments in ports and terminals, logistics services, sea transportation and oilfield drilling services.
The company recently restructured its operations.
Photo by runner310
threads most popular
thread most upvoted
comment newest
first oldest
first
- evil family law firm owner.
threads most popular
thread most upvoted
comment newest
first oldest
first