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HSF Advises Joint Lead Managers on Commonwealth Bank of Australia’s A$1.18 billion PERLS XIII Issue
Herbert Smith Freehills has advised the Joint Lead Managers of the Commonwealth Bank of Australia’s (CBA) offer of CommBank PERLS XIII Capital Notes.
CBA is one of Australia’s leading providers of integrated financial services including retail, business and institutional banking, funds management, superannuation, insurance and broking services.
CommBank PERLS XIII Capital Notes are subordinated, unsecured notes. The proceeds from the issue will raise Tier 1 Capital to satisfy CBA’s regulatory capital requirements and maintain the diversity of CBA’s sources and types of funding. The net proceeds of the Offer will be used to fund CBA’s business.
Hiswara Bunjamin & Tandjung advises PT Indosat Tbk on US$750 million sale and leaseback of telecoms towers
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
HSF advises King River Capital on its investment in Lexer s A$33 5 million Series B capital raising
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
The Global Legal Post timeline: ESG and the law
30 March 2021
How law firms and their clients are responding to the environmental, social and governance movement
Shutterstock; John Gomez Wall Street M&A powerhouse Wachtell Lipton Rosen & Katz is not known for making senior lateral hires. Last April, however, it made an important exception, bringing on board as a consultant Leo Strine, the former Delaware chief justice and a leading proponent of governance reform. “As a judge, he said, “I thought the importance of corporations in our society could not be measured by their stock price, and that it was critical to our nation’s well-being that powerful businesses treat their workers and consumers well, support the communities in which they operate, and focus on environmentally responsible, sustainable wealth creation.”
Mergers and acquisition (M&A) transactions totalled $25.7-billion in 2020 in sub-Saharan Africa, according to Refinitiv’s investment banking analysis for the region. Refinitiv is a global provider of financial market data and infrastructure.
The value of announced M&A transactions was 62% less than that recorded during the previous year, when Naspers’s $35.9-billion internet assets Prosus spin-off boosted merger activity to an all-time high.
The value of deals recorded during 2020 was the lowest annually since 2012, according to the report, with the number of deals declining by 5% from the previous year to a seven-year low.
Furthermore, the value of deals with a sub-Saharan African target declined by 39% to a 16-year low of $12.5-billion as domestic M&As in the region declined by 44% from 2020 and the combined value of inbound deals reached just $7.1-billion, the lowest annual total since 2009.