Capital Markets- Debt and Equity

  • Acted for HCL Technologies Ltd and its subsidiary, HCL America Inc., in its inaugural USD 500 mn 1.375% senior bond issue in the Reg S and Rule 144A market. This deal represented the highest rated credit from India and was recognized as “Deal of the Year 2021” by the India Business Law Journal.
  • Acted for DBS Bank, Mandiri Securities, Merril Lynch, MUFG Securities and Standard Chartered Bank (as joint lead arrangers and dealers) in PT Sarana Multi Infrastruktur (Persero)’s establishment of its USD 2 bn EMTN programme and initial drawdown of USD 300 mn 2.05% notes. This deal achieved the lowest spread over the respective US Treasuries ever obtained by an Indonesian financial institution.
  • Acted for Webjet Limited in its AUD250 million convertible notes issue listed on the Singapore Stock Exchange.
  • Acted for Hangzhou Qiantang New Area Construction and Investment Co. Ltd. (a Chinese SOE) in its inaugural USD300 mn bond issue listed on the Hong Kong Stock Exchange.
  • Advising Asianet Satellite Communications Limited (a Kerala based broadband and cable TV service provider) in its IPO on the NSE and BSE of India.
  • Mergers & Acquisitions

  • Advised a venture capital group which invests in early stage technology start-ups on its acquisition of shares in an investment company that focuses on the Fintech sector.
  • Advised an upstream oil & gas company on its proposed acquisition of shares in a company with oil fields in Thailand including the set-up of a joint venture to undertake the acquisition.
  • Advised a property developer listed on the Singapore Stock Exchange on its proposed disposal of hospitality business and property for S$1 bn*.
  • Advised an energy resources company listed on the Singapore Stock Exchange on its acquisition of shares in an Indonesian power generation company for USD 37 mn*
  • Advised a Singapore lifestyle and F&B group on its proposed joint venture in respect of a renowned overseas restaurant chain* .

*Denotes experience from a previous firm.