New partner for Clifford Chance JV

Jonathan Chu is joining the global law firm in Hong Kong as a partner this week.

Japan’s largest taxi-hailing app operator opened 21.25% above its offer price on the Tokyo Stock Exchange, with Nomura, Goldman Sachs and BofA Securities acting as joint global coordinators.

Minority owner Partners Group said the IPO proceeds will be used to further grow the Hangzhou-headquartered restaurant's 493 outlets and establish a centralised food processing facility; Clifford Chance, Citi and CMB International Capital were involved in the deal.

The Bayfront IX $802m issuance shows that investor appetite for infrastructure debt is strong in Asia and globally.

Bayfront VIII has a portfolio of 44 project finance and infrastructure loans and bonds across 40 obligors based in Asia Pacific, Europe and the Americas.

FA spoke with industry players who explained how the city will roll the scheme out, and what still needs to happen.