Practice Areas - Equity Capital Markets Law Firms and Lawyers
Deal Date: | 27-08-2015 | Practice Area: | Equity Capital Markets |
Deal Title: | International Container Terminal Services International - Perpetual Capital Securities | Industry: | Industrial Transportation |
Description: |
Milbank acted as sole international counsel on the successful issuance of USD450 million senior perpetual capital securities by International Container Terminal Services International, one of the largest port operators in the world, with a total of 30 common user container terminals located in 20 countries globally. Citi, Credit Suisse and Standard Chartered Bank acted as joint lead managers. The new perpetual securities confer a right to receive distributions at a rate of 5.50% per annum, were priced at par and mark the lowest coupon for a Philippine corporate issuer of perpetual securities.
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Financial Center: | Hong Kong | Value: | 100.01-500.00 |
Advised Party: | Lead Manager | Law Firm | Milbank |
Issuer Jurisdiction - | Philippines | Listing Jurisdiction - | Hong Kong |
Classification: |
Secondary Offerings and Placings Philippine Stock Exchange: |
Lawyer | James Grandolfo |