Choon Yuen Hui

Practice Areas

Head - Debt Capital Markets Practice; Partner - Financial Services Regulatory and Private Wealth Practices. Extensive experience in debt capital markets, securitisations and financial services regulatory compliance.

Career

Admitted, 1997, Singapore; University of Bristol (LL.B., Hons.).

Professional Memberships

Member, Law Society of Singapore; Best Practice Working Sub-committee of the Debt and Capital Market Committee within the Singapore Investment Banking Association; Member, Capital Markets and Financial Advisory Services Examination Board, The Institute of Banking & Finance.

Publications

Authored - Singapore chapter in The Euromoney Emerging Markets Handbook 2012/2013; Contributed - Butterworths Journal of International Financial Law 2012.

Work Highlights

Significant transactions that Choon Yuen has been involved in include advising / acting for the following:

-First Sponsor Group Limited (the "Company"), in a renounceable and non-underwritten rights issue (the "Rights Issue") of S$162.2 million in aggregate principal amount of 3.98 per cent. perpetual convertible capital securities ("Convertible Securities") in the denomination of S$1.10 for each Convertible Security, on the basis of one (1) Convertible Security for every four (4) existing ordinary shares with a par value of US$0.10 each in the capital of the Company held by Entitled Shareholders (as defined in the offer information statement dated 23 March 2018 (the "OIS")) as at 23 March 2018 being the time and date at and on which the register of members and share transfer books of the Company was closed to determine the provisional allotment of Entitled Shareholders to the Convertible Securities under the Rights Issue, fractional entitlements being disregarded.

-Sunpower Group Ltd. in its proposed issuance of 2.5% convertible bonds due 2022 of an aggregate principal amount of up to US$70 million with an initial conversion price of S$0.60 together with the issuance of warrants exercisable at an aggregate amount of US$30 million with exercise price of S$0.70 (if exercised between issuance and up till the end of 2019) and S$0.80 (if exercised in 2020).

-United Overseas Bank Limited, as Singapore counsel, in its establishment of a S$5 billion Euro Medium Term Note ("EMTN") programme and update of the EMTN programme to a US$15 billion Global Medium Term Note programme, and the issuance of various series of medium term notes (including Tier 2 subordinated notes) and Additional Tier 1 perpetual capital securities thereunder.

-Arranger (DBS Bank Ltd.) and programme dealers (DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited) in the establishment of Singapore Airlines Limited's S$2 billion Medium Term Bond Programme (the "Programme"), where bonds under the Programme may be issued under the exempt bond issuer framework or the seasoning framework to retail investors, and the issuance of S$750 million 3.03% bonds due 2024 under the exempt bond issuer framework.

-Hyflux Ltd, a nationally strategic water treatment firm listed on the SGX Mainboard, and its subsidiaries in the restructuring of over S$3 billion in debt. The multi-jurisdictional location of the Hyflux Group’s business (several of which are not party to the UNCITRAL Model Law on Cross Border Insolvency) requires cross-border co-ordination amongst foreign counsel with a view to maintaining operations while the business is restructured. As the first large-scale restructuring under the enhanced debt-restructuring regime in Singapore, Hyflux Group’s restructuring will set the precedent for future restructurings.

-DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited (HSBC Bank) and Standard Chartered Bank in a commercial mortgaged back securitisation of receivables from Raffles City complex. The transaction comprised the issuing of US$645 million secured floating rate notes out of an existing S$10 billion medium term note programme and the granting of separate term loan and revolving credit facilities. This deal won the IFR Asia Awards – Securitisation Deal of the Year 2011 and IFR Global Awards – Asia-Pacific Securitisation of the Year 2011.

Expert in these Jurisdictions

Singapore

Awards