Appleby has reported another strong year in the energy and natural resources sector and has acted on a number of large energy, oil and mining deals during 2019.

In the past six months, Appleby has acted for:

  • Azure Power Solar Energy Private Limited on the issuance of its USD350 million 5.65% Senior Notes due in 2024;
  • China Oil and Gas Group Limited on its issuance and offering of USD320 million 5.5% Senior Notes due in 2023;
  • Ferrous resources on its USD550 million sale to Vale S.A;
  • Petropavlovsk plc and its subsidiary, Petropavlovsk 2010 Limited in respect of the issue of new USD125 million Guaranteed Convertible Bonds due 2024 and;
  • Xinyi Energy Holdings Limited in relation to its global offering of 1,882,609,471 shares and its listing on the Main Board of the Hong Kong Stock Exchange by way of spin-off.

More recently, Fitch issued a special report on Indian Renewables Liquidity, in which Appleby has acted for all of the companies listed. The report which tested rated restricted groups of Indian renewable energy producers, featured Greenko Dutch, Renew RG II, Azure Power Energy, Greenko Solar Mauritius, Greenko Energy Holdings, Greenko Investment Company and Neerg Energy, all of which Appleby Mauritius acted as counsel for in relation to either their listing on the Singapore Stock Exchange or their private placement.

Appleby has received notable recognition over the past few years, winning awards at the Asian Legal Business South East Asia Awards, Asia Legal Awards, M&A Advisor Awards and The Turnaround Atlas Awards for the work they undertake in this sector. In addition, Appleby has been named as one of the 30 leading law firms in the world for global restructuring having acted on some of the largest offshore oil and gas restructuring matters including Ocean Rig, CHC, Pacific Drilling and SeaDrill.

Speaking on Appleby's continued strength in this dynamic and evolving sector, Malcolm Moller, Office Managing Partner in Mauritius, Seychelles and Shanghai commented: "We've had a great year so far for energy and natural resources deals, working for a number of high-profile and longstanding clients. The variety and scale of work undertaken at Appleby is a testament to the expertise and knowledge of our global team, who seamlessly work together to provide the best possible solutions for our clients".

Appleby continues to advise some of the world's largest energy companies, governments, regulators and investors, on all aspects of the industry and related infrastructure projects, from oil and gas, mining and natural resources exploration, through the generation and production chain to final delivery and distribution.

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