White & Case Advises on US$400 Million High-Yield Offering by MIE Holdings

Hong Kong, June 1, 2011 ... Global law firm White & Case LLP has advised on a US$400 million high yield offering by MIE Holdings Corporation of 9.75% senior notes due 2016.

"The MIE offering provided a unique opportunity for high yield investors globally to gain first time exposure to China's Oil & Gas industry" said Anna-Marie Slot, White & Case partner. "This transaction highlights the expanding range of companies in the PRC that can benefit from access to the high yield markets".

White & Case represented Bank of America Merrill Lynch, Deutsche Bank and UBS in the transaction. Bank of America Merrill Lynch acted as sole global co-ordinator and joint bookrunner on this Rule 144/Regulation S debut high yield bond, Deutsche Bank acted as joint bookrunner and UBS as co-manager.

MIE is an independent upstream oil company operating three oil fields in the northeastern province of Jilin, China. It listed on the Hong Kong Stock Exchange in December 2010.

The White & Case team was led by partner Anna-Marie Slot (Hong Kong) assisted by partners Maxim Telemtayev (Almaty), Ray Simon (New York), lawyers Paul Kuo, Karen Mak and Eva Yu (Hong Kong), Alex Specht (New York) and Kairat Baizakov, Tatiana Gorbenko and Askar Zhansagimov (Kazakhstan).

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