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United States : Simpson Thacher Represents Daiwa Capital and ING Bank in Connection with the Offering of US$120 Million Principal Amount of Credit...

August 16, 2014



United States : Simpson Thacher Represents Daiwa Capital and ING Bank in Connection with the Offering of US$120 Million Principal Amount of Credit Enhanced Currency Linked Zero Coupon Convertible Bond

Simpson Thacher recently represented Daiwa Capital Markets Hong Kong Limited and ING Bank N.V., Hong Kong Branch, in connection with the offering of US$120 million Credit Enhanced Currency Linked Zero Coupon Convertible Bonds (the Bonds ) of Neo Solar Power Corporation ( Neo Solar ). Payments of the principal of and premium on the Bonds at maturity or upon redemption or repurchase will have the benefit of an irrevocable standby letter of credit issued by ING Bank N.V., acting through its Taipei Branch. The Bonds are listed on the Singapore Stock Exchange.

Based in Taiwan, Neo Solar is a leading solar product manufacturer specializing in the research, development, and manufacturing of high-efficiency solar cells, solar modules and solar systems, and the world s largest merchant solar cell supplier in 2013. Common shares of Neo Solar are traded on the Taiwan Stock Exchange under the trading code 3576.

The Simpson Thacher team for the transaction included Chris Lin, David Lee, and Howie Farn (Corporate).


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Source: TendersInfo (India)


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