Flotations & Financing

Norton Rose acted for The Shipping Corporation of India in a refinancing of promissory notes worth $108.7m (£64m) issued by the company in connection with its new buildings programme. The Norton Rose team included shipping finance partner Harry Theochari and shipping finance assistant Richard Howley. The noteholder, the State Bank of India, was represented by New York firm Foreht Last Waltman & Katz PC.