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Global 2022
Asia-Pacific Region Capital Markets
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Band 1

About

Provided by Sidley Austin LLP

For more information on the practice, please visit the practice's page at: https://www.sidley.com/en/us/services/capital-markets/


Chambers Review

Provided by Chambers
Capital Markets: High-Yield Products - Asia-Pacific Region
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Band 1
What the team is known for

Sidley Austin has a superb Asia-wide high-yield practice which is especially commended for its work on complex issuances in Hong Kong, Singapore and Australia. Also works on a range of investment-grade debt and hybrid products across the region, including MTN programmes. The ECM practice continues to be active in Australia, Hong Kong and Singapore, and has been building strength in India. Sought out for advice on IPOs, rights issues and secondary offerings. Regularly instructed by a stellar line-up of international investment banks and regional financial institutions. Experienced in handling capital markets transactions in the energy sector.

Strengths

A client says that "Sidley Austin is well versed with international offering rules, especially for complex transactions across various jurisdictions."

One client notes: "The firm has very solid experience in Hong Kong IPOs. They know how to handle those difficult questions and have good relationships with regulators."

A third client remarks: "The sheer volume of transactions they’ve executed means that their team has good exposure to various situations. The well-equipped team can respond to our requests promptly and effectively."

"They are very commercially oriented and provide excellent inputs," notes another interviewee.

Work highlights

Sidley Austin acted for Inalum on its USD2.5 billion multi-tranche bond offering, which consisted of separate five-year, ten-year and 30-year bond issuances.

Sidley Austin assisted China Evergrande Group in issuing USD6 billion in high-yield bonds within one week.

Took the lead as Hong Kong and US legal counsel to Yum China Holdings on its USD2.2 billion secondary listing on the main board of the Hong Kong Stock Exchange.

Sidley Austin advised Transurban in connection with its Rule 144A/Reg S issuance of the USD900 million aggregate principal amount of its 2.45% guaranteed senior secured notes due 2031.

Notable practitioners

Singapore managing partner Matthew Sheridan and Constance Choy, based in Hong Kong, are both key contacts for the practice. Singapore-based Manoj Bhargava is also a key contact for the team.