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Christina Lui is an associate in our Banking, Capital Markets & Restructuring practice group based in Singapore. She focuses on equity and debt capital markets transactions for both issuers and underwriters.
Advised the Republic of Indonesia (RoI) on its first dual-tranche Eurobond offering, selling an aggregate of €3 billion senior unsecured fixed rate notes, comprising a €1.5 billion 7-year tranche and a €1.5 billion 12-year tranche, and issued under its US$40 billion Global Medium Term Note Program. At the date of closing this was the largest ever Eurobond offering out of Asia and the largest Eurobond offering by a non-European sovereign. Barclays Bank PLC, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc and Société Générale acted as lead managers and PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas and PT Trimegah Securities, Tbk. acted as co-managers.
Advised COSL Singapore Capital Ltd., as issuer, and China Oilfield Services Limited (COSL), as guarantor, in the establishment of a US$3.5 billion EMTN Programme, and in the subsequent drawdown of US$500 million 3.50% Guaranteed Notes due 2020 and US$500 million 4.50% Guaranteed Notes due 2025 under the Programme. The Programme and the Notes are listed on The Stock Exchange of Hong Kong (SEHK). Goldman Sachs and HSBC acted as arrangers of the Programme, and ANZ, Citigroup, DBS Bank Ltd., HSBC, Standard Chartered Bank, BOC International, Credit Suisse, Goldman Sachs, J.P. Morgan and UBS acted as dealers.
Advised Greentown China Holdings Limited, a luxury residential property developer in China listed on the Hong Kong Stock Exchange, on its solicitation of consents from holders of its RMB2.5 billion 5.625% Senior Notes due 2016, US$700 million 8.50% Senior Notes due 2018 and US$500 million 8.0% Senior Notes due 2019 and concurrent offer to exchange the US dollar-denominated Senior Notes due 2018 and 2019 for, and Regulation S offering to new investors of, US$500 million 5.875 percent Senior Notes due 2020. The deal won a 2015 "Triple A Regional Deal Award for Best Liability Management" from The Asset and 2016 "Debt and Equity-Linked Deal of the Year" from China Law & Practice.