International legal practice Norton Rose (Asia) LLP advised Jefferies International Limited on a US$75 million convertible bond issuance by Shiv – vani Oil & Gas Exploration Services Limited. The bonds, which are underwritten by Jefferies International were issued on 16 July 2010 and will be listed on the Singapore Stock Exchange and have a five year maturity with right to convert into the ordinary shares of Shiv – vani.
Shiv – vani Oil & Gas Exploration Services Limited is a leading private sector onshore oil and gas service provider in India and the issuance of $US75 million convertible bonds is subject to an upsize option of US$20 million.
Adam Summerly, Singapore corporate finance partner, Norton Rose (Asia) LLP commented:
‘Winning this instruction is an important milestone for the Singapore office’s new capital markets practice. It clearly demonstrates the breadth of our expertise as having acted as lead counsel, trustee counsel and Singapore listing agent. India is an important market for the firm and we are pleased to have been involved in such a significant transaction for a key Indian corporate.’
The team was led by Singapore corporate partner Adam Summerly and debt capital markets senior associate Ferzana Haq with significant support from debt capital markets associate Kirsty Nuttall. Of counsel Selene Tan, also in the Singapore office, advised Citi in its capacity as trustee and agent.
Axon Partners LLP provided Indian law advice, led by partner Abhimanyu Bhandari.
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