Chambers Review

Provided by Chambers
Capital Markets: High-Yield Products - Asia-Pacific Region
2
Band 2
What the team is known for

A&O Shearman is reputed as a go-to firm for a wide variety of capital markets mandates, with particular strength in complex cross-border debt and hybrid product work. It is well recognised for handling a solid line-up of cross-border high-yield offerings. The firm is also very skilled at advising on equity issuances in the region. It is especially well respected in the major hubs of Hong Kong, Australia and Singapore, and additionally maintains a strong presence across the South-East Asia region, where it has standout practices in Thailand and Indonesia. It maintains a highly rated Hong Kong securitisation and derivatives practice, supported by resources in Singapore. The practice is highly experienced advising on matters relating to the education, energy and manufacturing sectors. The firm is valued for US law expertise across the region, particularly advising on SEC compliance. On 1st May 2024, Allen & Overy and Shearman & Sterling merged to form A&O Shearman.

Notable practitioners

John Lee, Lina Lee and Kyungwon Lee are key contacts in Hong Kong, while Yvonne Siew is a main point of contact for derivatives and structured products. Pallavi Gopinath Aney in Singapore is a key contact for clients. Karolina Popic and Tony Sparks are practice leads in Australia. Masahisa Ikeda is a key contact in Tokyo.

Work Highlights

Provided by A&O Shearman
  • The firm advised the lead managers on Hong Kong Mortgage Corporation’s issuance of HKD8 billion 5.00% notes due 2024.

  • The team acted for Thai Life Insurance on its IPO on the Stock Exchange of Thailand worth THB37.1 billion.
  • The firm advised the joint lead managers and joint bookrunners on the Government of Mongolia’s issue of USD450 million 8.65% bonds due 2028.
  • The team acted as Australian and US counsel to Macquarie International Finance on its establishment of a USD5 billion US commercial paper programme.
  • The firm acted for Morgan Stanley as dealer manager on Energy Resources' tender offer for the outstanding 9.250% senior notes due 2024 issued by Mongolian Mining and Energy Resources, using 'modified Dutch auction' procedures.

Strengths

Provided by Chambers