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 joint global coordinators of Asset World Corp Public Company Limited's THB48.0 billion (approximately US$1.5 billion) IPO of ordinary shares, and listing on the SET, which included a 144A/Regulation S international offering.
Advised the initial purchasers in connection with MGM China Holdings Limited's debut 144A/Regulation S debt issuance of senior notes in an aggregate amount of US$1.5 billion, comprising two tranches, a five-year tranche of US$750 million 5.375% senior notes due 2024 and a seven-year tranche of US$750 million 5.875% senior notes due 2026. This deal won the "Best Corporate Bond Deal of the Year" by The Asset Country Awards 2019.
Advised TOA Paint (Thailand) Public Company Limited in its THB12.2 billion (approximately US$358.5 million) IPO of ordinary shares, and its listing on the Stock Exchange of Thailand, which included an international offering in reliance on Regulation S. TOA Paint is the leading paint and coating producer and distributor in Thailand, with an operational footprint across the ASEAN Economic Community (including Cambodia, Laos, Myanmar, Indonesia and Vietnam).
Advised Credit Suisse and Morgan Stanley as placement agents in a Rule 144A/Regulation S placement of 412,506,345 ordinary shares (with a value of approximately US$605 million) of CIMB Group Holdings Berhad, which is listed on the Main Market of the Bursa Malaysia Securities Berhad.
Advised Deutsche Bank, as sole global coordinator and left lead bookrunner, Bank of America Merrill Lynch as joint bookrunner and ANZ and BOC International as joint bookrunners (passive) in the Rule 144A/Regulation S offering of senior secured notes by Studio City Company Limited (SCC). The offering consisted of US$350 million aggregate principal amount 5.875% senior secured notes due 2019, and US$850 million aggregate principal amount 7.25% senior secured notes due 2021. This deal won "High Yield Deal of the Year" at the IFLR Asia Awards 2017.
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.
Advised CDBI Treasure I Limited, as issuer, China Development Bank International Holdings Limited, as guarantor, and China Development Bank Capital Corporation Limited, as keepwell and EIPU provider, in the establishment of a US$500 million medium term note programme, and in the subsequent drawdown of US$500 million 2.25% Guaranteed Notes due 2021 under the programme.
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.
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.