Leading Associates

Firms To Watch: Capital markets: equity and debt: foreign firms

Capital markets: equity and debt: foreign firms in Singapore

Pinsent Masons MPillay

Pinsent Masons MPillay is especially active in the technology sector, with particular focus on medical technology, food technology and fintech companies. Mark Tan and Nicholas Hanna lead the team, with the latter being particularly notable on pre–IPO fundraisers.

 

King & Wood Mallesons

King & Wood Mallesons represents a diverse range of market participants, including issuers, arrangers and investors in all aspects of both domestic and international capital markets transactions. Andy Ferris leads the department advising issuers and underwriters on issues of debt and equity–linked instruments.

A&O Shearman

A&O Shearman advises a broad mix of issuers, including corporates, quasi-sovereigns, sovereign entities, and leading financial institutions, as well as underwriters, trustees, and agents across Singapore and the wider region. The team is regularly instructed on high-value cross-border capital markets transactions spanning debt, equity, hybrid, and equity-linked offerings, as well as liability management and restructuring exercises. Aloysius Tan is highly regarded for his expertise across fixed-income and equity-linked instruments, with additional strength in Islamic finance. Pallavi Gopinath Aney has significant experience handling IPOs, while Felipe Duque advises companies and investment banks on offerings of high yield, convertible and investment grade bonds. Tim Beech departed for Reed Smith.

Praxisleiter:

Aloysius Tan


Weitere Kernanwälte:

Felipe Duque; Julie Song; Serena Upadhyay; Jia Yan Low


Referenzen

‘Very practical and clear in their legal advice; able to connect with wide range of clients; very good knowledge of the market more generally very prompt in work and feedback very good quality work product.‘

‚Very high degree of strength and capability in equity and debt, US and English law, Rule 144A and SEC-registered deals. They cover all the areas, and have been on the forefront of India capital markets work.‘

Kernmandanten

Republic of Indonesia


PT Bank Mandiri Tbk


UOB Bank


Axiata Group


Highlight-Mandate


  • Advised initial purchasers on the Government of Mongolia’s Rule 144/Reg S offering of USD500, million 6.625% Bonds due 2030.
  • Advised the issuer on its issue of RMB5 billion Panda bonds in the PRC interbank bond market.

Latham & Watkins LLP

Latham & Watkins LLP maintains a balanced issuer and underwriter practice, providing comprehensive advice to corporates, placement agents, and initial purchasers across the full spectrum of debt and equity offerings. The firm is widely regarded as the go-to counsel for IPOs across the region, with standout experience in Thailand, Malaysia, Singapore, India, and Vietnam. Sharon Lau, who heads the practice, is highly experienced in advising on both domestic and US listings. Rajiv Gupta has significant experience handling bond offerings. Stacey Wong‘s expertise spans the full spectrum of equity and bond deals, including IPOs, de-SPACs, and high-yield and investment-grade bonds. Jeremy Wang advises issuers and underwriters on the full gamut of securities offerings.

Praxisleiter:

Sharon Lau


Weitere Kernanwälte:

Rajiv Gupta; Stacey Wong; Timothy Hia; Jeremy Wang


Kernmandanten

Temasek Holdings


Singapore Power


Hyundai Motor Company


Ola Electric


Swiggy


Black Spade Acquisition II


Melco Resorts and Entertainment Limited


Sorik Marapi Geothermal Power


Vingroup Joint Stock Company Limited


Mahamurni Plantations Sdn Bhd


Eco-Shop


Indus Concessions India Private Limited


SM Investments


Mr. DIY Thailand


Highlight-Mandate


  • Advised Hyundai Motor India Ltd. on its US$3.3 billion initial public offering on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited.
  • Advised Johor Plantations Group Berhad (JPG) on its RM735 million IPO on the Main Market of Bursa Malaysia.
  • Advised the lead managers on the offering of US$800 million 6.67% senior secured notes due 2029 by Biocon Biologics Global plc.

Linklaters

Linklaters is the go-to firm for global corporates, leading financial institutions, asset managers, private equity funds, and fintech companies on high-value capital markets transactions. The team advises on the full spectrum of debt and equity matters, including IPOs, high-yield offerings, and liability management exercises. Amit Singh, who leads the practice, is highly regarded for his expertise across both issuer and underwriter mandates. Jonathan Horan handles equity-linked issues, regulatory capital, straight debt offerings and MTN programmes.

Praxisleiter:

Amit Singh


Weitere Kernanwälte:

Jonathan Horan; Michele Discepola; Joseph Wolpin; Xunming Lim; Grace Wee


Referenzen

‘Strong and experienced team. Very responsive as well.’

‘Joseph Wolpin is our go to. Quick, decisive and knowledgeable.’

‘Large team with dominance in debt markets and growing presence in equity deals.‘

Kernmandanten

Deutsche Bank AG


Biocon Biologics Limited


Vedanta Resources Limited


Samvardhana Motherson International Limited


Barclays Bank


Continuum Green Energy Limited


Deutsche Bank


DBS Bank


Goldman Sachs International


Jefferies (Australia) Pty Ltd


J.P. Morgan Securities plc


Barclays Bank


The Hongkong and Shanghai Banking Corporation Limited


Oversea-Chinese Banking Corporation Limited


Kotak Mahindra Capital Company Limited


Kotak Mahindra


Citigroup Global Markets Singapore Ltd


Highlight-Mandate


  • Advised the joint lead managers on the issuance of US$2.75bn trust certificates by The Republic of Indonesia.
  • Acted for Vedanta Resources Limited in the issue of US$1.2bn 10.875% Guaranteed Senior Bonds due 2029.
  • Advised on the issuance of US$925 million, 1.625 per cent.

Clifford Chance

Clifford Chance advises a broad spectrum of clients across Asia, including leading international investment banks, corporates, and sovereign entities. The team’s expertise spans key sectors such as technology, consumer goods, retail, and financial services. Jean Thio, who jointly leads the practice, specialises in debt and equity capital markets transactions, with additional expertise in US securities and regulatory matters. Gareth Deiner co-heads the group and is noted for advising sovereign and corporate issuers, private equity sponsors, and investment banks on high-yield, investment-grade, and cross-over debt offerings. Ying Chiang Chong is known for representing issuers and underwriters on IPOs, rights offerings and block trades.

Praxisleiter:

Jean Thio; Gareth Deiner


Weitere Kernanwälte:

Ying Chiang Chong; Stephanie Liman; Claire Neo


Referenzen

‚It is the range of jurisdictions that Clifford Chance can cover that makes them unique. I deal with them for works involving the laws of England, Hong Kong, Singapore, New York. This is well served out from their Singapore and Hong Kong office.‘

‚They have committed partners such as Gareth Deiner and counsel such as Clare Neo.‘

‚Strong firm for equity capital markets deals in APAC, primarily Singapore and Hong Kong.‘

Kernmandanten

Hongkong and Shanghai Banking Corporation Limited


Muangthai Capital Public Company Limited


Republic of Indonesia


Standard Chartered Bank


Australia and New Zealand Banking Group


DBS


UOB


OCBC


MUFG


OCBC


Affin Bank


Highlight-Mandate


  • Advised the Hongkong and Shanghai Banking Corporation Limited (HSBC) on Delta International Holding Limited’s issuance of US$525 million zero coupon exchangeable bonds and delta placement of shares.
  • Advised Muangthai Capital Public Company Limited on its debut issuance of US$335 million senior unsecured social bonds on the Singapore Exchange.
  • Advised the Republic of Indonesia on the international aspects of its landmark US$2.35 billion global sukuk.

Milbank

Milbank’s capital markets team is highly regarded for its strong focus on the energy and natural resources sectors, advising on renewable energy, emerging technologies, and related value chains. The practice also handles mandates across aviation, real estate, technology, retail, and manufacturing. Giles Kennedy leads on both debt and equity matters, with notable expertise in high-yield debt offerings and advising underwriters on equity transactions. Terrence O’Donnell is noted both for his equity capital markets capabilities, which includes IPOs, as well as his debt practice, including high-yield bonds.

Praxisleiter:

Giles Kennedy


Weitere Kernanwälte:

Terrence O’Donnell


Referenzen

‚Milbanks‘ capital markets practice here is mighty. The local practitioner I have dealt with is deeply knowledgeable on complex technical matters and has great intuition.‘

‚Terry is highly knowledgeable, a great personality and easy to work with.‘

Kernmandanten

PT Lippo Karawaci Tbk


PT Agung Podomoro Land Tbk


PowerDC Holdco Pte Ltd


PT Bukit Makmur Mandiri Utama


LMIRT Capital Pte. Ltd.


PT Amman Mineral Internasional Tbk


Deutsche Bank


PT Modernland Realty Tbk


HSBC


Barclays


Morgan Stanley


JP Morgan


Ares Management Corp


Indies Capital Partners


Highlight-Mandate


  • Represented the investors on a milestone US$443 million revenue bond issued by a newly incorporated Labuan subsidiary of Air Asia Berhad.
  • Advised PT Modernland Realty Tbk in connection with the restructuring of four series of its USD notes.
  • .
  • Advised PT Agung Podomoro Land Tbk in connection with the restructuring of its US$300 million 5.95% senior notes due 2024.

Sidley Austin LLP

With a practice spanning Asia, the UK, and the US, Sidley Austin LLP’s capital markets team is recognised for advising issuers and underwriters across the full spectrum of securities, including IPOs, convertible bonds, investment-grade debt, and high-yield offerings. The team acts for clients in sectors such as natural resources, life sciences, healthcare, real estate, and technology. Manoj Bhargava leads a strong practice with deep experience in IPOs, follow-on offerings, and private placements.

Praxisleiter:

Manoj Bhargava


Weitere Kernanwälte:

Alexius Chong


Referenzen

‚The team is commercial, responsive and provides high-quality advice.‘

‚Alexius Chong is very hands-on and constantly checks in to ensure that we are satisfied with the quality of service.‘

‚Manoj Bhargava has a deep understanding of Indian Capital Markets.‘

Kernmandanten

Axis Capital Limited


Jefferies


BofA Securities


Brainbees Solutions Private Limited


PT Indika Energy Tbk


Brookfield India Real Estate Trust


No Va Land Investment Group Corporation


Kotak Mahindra Capital Company Limited


ContextLogic


J.P. Morgan Securities plc


Singapore Technologies Engineering Ltd.


Highlight-Mandate


  • Represented the underwriters in connection with the US$2.15 billion follow-on public offering of equity shares of Vodafone Idea Limited.
  • Advised PT Indika Energy Tbk on its offering of US$350 million 8.75% senior notes due 2029.
  • Representing No Va Land Investment Group Corporation in the restructuring of its Singapore Exchange-listed (SGX), New York-law governed offshore US$300 million convertible bonds.

White & Case Pte. Ltd.

White & Case Pte. Ltd.’s capital markets practice advises both issuers and underwriters on the full range of equity and debt transactions, including IPOs, secondary offerings, high-yield issuances, sovereign debt, and liability management exercises. Kaya Proudian leads the team and is highly regarded for her extensive experience in cross-border equity offerings, particularly IPOs. Rahul Guptan advises on cross-border India-related transactions.

Praxisleiter:

Kaya Proudian


Weitere Kernanwälte:

Rahul Guptan


Highlight-Mandate


Baker McKenzie Wong & Leow

Baker McKenzie Wong & Leow’s capital markets offering spans both debt and equity, advising on liability management transactions, including exchange offers, tender offers and consent solicitations across the region. On the equity side, the team acts for major regional and global organisations on capital raisings in domestic and international markets. Ashok Lalwani, who leads the practice, is experienced in public and private securities offerings as well as cross-border M&A. Alexander Stathopoulos' practice focuses primarily on international securities offerings across Southeast Asia.

Praxisleiter:

Ashok Lalwani


Weitere Kernanwälte:

Alexander Stathopoulos; Natania Ng; Andre Sng


Referenzen

‘Pleasant and helpful in every way.‘ 

‘Ashok has been very supportive and understanding towards the Company’s journey.‘

‚Alexander Stathopoulos is a go-to partner when it comes to Malaysian ECM deals.‘

Kernmandanten

Merrill Lynch


CIMB Investment Bank Berhad


Maybank


Grasim Industries Limited


Telekom Malaysia


Bank of America


RHB Investment Bank


JP Morgan


Maybank Securities


UBS


Primech Holdings Ltd.ch


Citibank


PT Nusantara


Empire Energy Group Limited


Highlight-Mandate


  • Acted for Merrill Lynch and CIMB Investment Bank in respect of the sale of $444m worth of shares in AMMB Holdings Berhad.
  • Acted for Maybank, UBS and RHB as underwriters‘ international counsel on the listing on the Malaysian stock exchange of Eco-shop Marketing Berhad.
  • Representing RHB and AmBank as underwriters for the proposed listing of Cuckoo International.

Bird & Bird ATMD LLP

Bird & Bird ATMD LLP acts for corporates in various sectors including aviation, energy and utilities, as well as, life sciences and healthcare. The team handles matters concerning IPOs, share acquisition and stock exchange listings. Marcus Chow leads the team and is known for his capabilities in venture capital investments.

Praxisleiter:

Marcus Chow


Highlight-Mandate


DLA Piper

DLA Piper advises on a wide range of capital markets transactions, including convertible bond issuances, sustainability-linked and ESG bonds, EMTN-to-GMTN programme transitions, follow-on US offerings, and complex liability management exercises across China, India, Indonesia, and Thailand. Team head Philip Lee focuses on advising issuers, sponsors, and investment banks on debt, equity, and equity-linked transactions, including high-yield, investment-grade, and regulatory capital instruments.

Praxisleiter:

Philip Lee


Weitere Kernanwälte:

Ong Le Jing


Referenzen

‘The DLA Piper team have been very collaborative and professional, excellent in delivering top-notch advice that balances commercial and legal issues.‘ 

‘Philip Lee is a go-to legal advisor for any complex capital markets and financing transactions.‘ His deep experience combined with his strong commercial awareness has assisted us in navigating highly complex issues.‘ 

‘Commercial, well resourced and responsive.‘ 

Kernmandanten

Lanvin Group Holdings Limited


Avation PLC


ZIP Co Limited


IIFL Finance Limited


PT Asia Vision Network


PT Bank Tabungan Negara


Axis Capital Limited


Apeiron Agrocommodities Pte. Ltd.


Mandiri Securities


Bank of Beijing


Zee Entertainment Enterprises Ltd


Hydoo International Holding


Geophysical Sub-Strata


Seeing Machines


UnionBank of the Philippines


IIFL Finance Limited


Highlight-Mandate


  • Advised Ping An Insurance (Group) Company of China, Ltd. on its USD3.5 billion convertible bond issuance.
  • Advised Credit Guarantee and Investment Facility on its guarantee of THB1.36 billion sustainability-linked bonds issued by Precious Shipping PCL (PSL).
  • Advised IIFL Finance Limited on the strategic conversion of its Euro Medium Term Note (EMTN) Programme to a Global Medium Term Note (GMTN) Programme.

Duane Morris & Selvam LLP

Duane Morris & Selvam LLP advises on the full spectrum of capital markets transactions, from initial corporate restructuring to obtaining approvals from the Singapore Exchange and the Monetary Authority of Singapore. The team has significant experience representing issuers, underwriters, placement agents, investment banks, and investors across public and private offerings. Team head Jamie Benson is a key contact, with expertise spanning public and private equity offerings, high-yield and investment-grade bonds, and debt private placements.

Praxisleiter:

Jamie Benson


Weitere Kernanwälte:

Gerard Hekker


Referenzen

‘For me, what I find like about DMS’s practice is the level of involvement at a senior level. Jamie Benson is on almost all calls and meetings for a transaction, and, as a consequence, ensures a good work product and concise and clear advice.’

‘Jamie Benson is an experienced international counsel to Indian capital markets transactions. He is pragmatic and his interactions with clients are direct and solution oriented.’

 

Kernmandanten

Axis Capital Limited


ICICI Securities Limited


Nomura Financial Advisory & Securities


JM Financial Limited


Nuvama Wealth Management Limited


IIFL Securities Limited


Kotak Mahindra Capital Company


DAM Capital Advisors Limited


SBI Capital Markets Limited


Motilal Oswal Investment Advisors Limited


Equirus Capital Private Limited


Ambit Private Limited


Avendus Capital Private Limited


Anand Rathi Advisors Limited


Emkay Global Financial Services


Intensive Fiscal Services Private Limited


HDFC Bank Limited


Systematix Corporate Services Limited


BOB Capital Markets


ITI Capital Limited


Quickroutes International Private Limited


Paras Defence and Space Technologies Limited


Highlight-Mandate


  • Acted as international counsel to ICICI Securities and Nomura Financial Advisory & Securities in their role as the book running lead managers on the sale of approximately Rs. 12,000 million of shares in Sansera Engineering Limited.
  • Acted as U.S. counsel to Nuvama Wealth Management and Emkay Global Financial Services in their role as brokers to Proximus Opal on its divestment of a 6.03% stake in Route Mobile for approximately.

Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP is noted for its deep experience across Greater China, India, Indonesia, and Australia, advising clients in sectors including education, pharmaceuticals, energy, and oil and gas. Xavier Amadei leads the department, providing strategic advice to investment banks, issuers, and shareholders on cross-border securities offerings, with particular expertise in IPOs, rights issues, and block trades.

Praxisleiter:

Xavier Amadei


Weitere Kernanwälte:

Ayu Maylinda


Referenzen

‚HSFK has distinguished itself through an ability to seamlessly coordinate complex, cross-border transactions.‘

‚Xavier Amadei adopts a consistently constructive and commercial approach to sophisticated legal challenges.‘

Highlight-Mandate


Hogan Lovells Lee & Lee

Hogan Lovells Lee & Lee advises global and regional underwriters, trustees, and issuers across various sectors, providing coverage across Asia and Southeast Asia, including India, Indonesia, Malaysia, and the Philippines. The team has substantial experience with public offerings, private placements, and other ECM transactions, such as right issues and block trades. Biswajit Chatterjee leads the practice, advising on complex cross-border capital markets transactions, while Phill Hall advises on medium-term note programs, covered bonds, green and ESG bonds.

Praxisleiter:

Biswajit Chatterjee; Phill Hall


Weitere Kernanwälte:

Kabustubh George; Varun Jetly; Leon Yap


Referenzen

‚Strong transaction management capabilities with regional knowledge as part of a global law firm footprint.‘

‚Phillip Hall has made an immediate impact. He has assembled a quality team and has already shown himself to be the provider of sound legal advice and efficient transaction management.

Kernmandanten

Kotak Mahindra Capital Company


CLSA


IIFL Capital Services


Nuvama Wealth Management


Jefferies India


ICICI Securities Limited


Motilal Oswal Investment Advisors Limited


JM Financial


Avendus Capital


Morgan India


Asian Development Bank


GLAS Trust Company LLC


Ausgrid Group


New Hope Corporation Limited


Washington H. Soul Pattinson & Company Limited


Xero Investments Limited


BOC Aviation Limited and BOC Aviation


Highlight-Mandate


  • Advised the book running lead managers on the USD515 million IPO of Waaree Energies.
  • Advised Kotak Mahindra Capital Company, CLSA, IIFL Capital Services, Motilal Oswal, and Jefferies India on the USD890 million equity offering by Varun Beverages (VBL).
  • Advised Xero Investments Limited as the issuer and Xero Limited as the guarantor on the USD925 million 1.625% Guaranteed Senior Unsecured Convertible Notes due 2031.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP advises on a broad spectrum of capital markets matters, including high-yield bond offerings and tender offers for senior notes. Rajeev Duggal, who leads the team, is recognised for his extensive experience across convertible bond and corporate bond transactions, as well as other complex debt offerings.

Praxisleiter:

Rajeev Duggal; Jonathan Stone


Weitere Kernanwälte:

Garrick Merlo; Zachary Levine


Kernmandanten

Pfizer


PT Medco Energi Internasional Tbk


Perenti


Grab


Highlight-Mandate


  • Assisted with a grab on an upsized offering of US$1.5 billion zero coupon convertible senior notes due 2030.
  • Assisted PT Medco Energi on a US$400 million 144A/Regulation S offering of 8.625% senior notes due 2030.