1 August, 2014

Baker & McKenzie recently advised its long-standing client Pacific Andes Resources Development (“PARD”), on its issuance of SGD 200m 8.50% guaranteed bonds due 2017 (the “Bonds“), in reliance on Regulation S of the US Securities Act of 1933, as amended. The Bonds are listed on the Singapore Exchange Limited. Baker & McKenzie was responsible for overall legal documentation and transaction management. Partners Milton Cheng and Lance Chen led the team which included Partner Christopher Hogan.

Other parties involved in the transaction were DBS Bank Ltd. as the sole lead manager and bookrunner for the issuance of the Bonds, Linklaters which acted for DBS, along with David Lim & Partners and Appleby acting for the Issuer as to Singapore law and Bermuda law, respectively.

The net proceeds from the issue of the Bonds are expected to be used for PARD’s general corporate purposes, to fund capital expenditures, working capital, strategic acquisitions and investments, and to refinance a portion of its existing indebtedness.

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