Kaya Proudian

Partner, Singapore

Biography

Kaya Proudian is adept at handling the full range of debt and equity issuances and is highlighted for her ability to give “straightforward and constructive advice.”
Chambers Asia-Pacific 2020

Overview

Head of White & Case's Asia Capital Markets Practice, Kaya concentrates primarily on international securities and finance work. She has extensive experience in emerging markets, including advising on some of the largest securities offerings in South East Asia in recent years. 

Dual-qualified in New York and England & Wales, Kaya represents public and private issuers, underwriters, selling shareholders, trustees and depositaries in equity and debt offerings and exchange listings. In addition, she has significant experience representing sovereign governments in connection with external debt offerings. 

Kaya's work includes US offerings pursuant to Rule 144A, offerings outside the US under Regulation S, including global MTN programs, initial public offerings, US SEC-registered offerings, accelerated book-build and block trade transactions and traditional US private placements. She also has substantial experience advising on capital markets issues involved in international debt restructurings and liability management, including tender and exchange offers, debt buy-backs and consent solicitations.

Kaya is ranked Band One for Singapore Capital Markets: International in Chambers Asia Pacific 2016-2020 and Chambers Global 2016-2020, has been recognized as a leading individual for Singapore Capital Markets by Asia Pacific Legal 500 2017-2020 and IFLR1000 2011-2020 and for Indonesia Capital Markets by Chambers Asia Pacific 2013-2020. She was named one of the IFLR1000's Women Leaders in 2018 and 2019, and also awarded "Best in capital markets" at Euromoney's Asia Women in Business Law Awards for 2015 and 2016.

Prior to transferring to Singapore, she worked in the Firm's New York and London offices.

Bars and Courts
England and Wales
New York State Bar
Education
JD
Harvard Law School
BA
Indiana University
Languages
English

Experience

Asset World Corp Public Company Limited's Thai IPO
Represented 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.

LMIRT Capital's Regulation S senior notes offering
Represented the Joint Lead Managers in LMIRT Capital Pte. Ltd.'s Regulation S offering of US$250 million 7.25% Senior Guaranteed Notes due 2024. LMIRT Capital Pte. Ltd. is a subsidiary of Lippo Malls Indonesia Retail Trust ("LMIRT"). The Notes are guaranteed by Perpetual (Asia) Limited, as the trustee of LMIRT.

PT Uni-Charm Indonesia Tbk's IPO
Represented Nomura Singapore Limited as Sole Global Coordinator and International Selling Agent and PT Sinarmas Sekuritas as Lead Domestic Underwriter in the IPO of 831,314,400 primary shares in PT Uni-Charm Indonesia Tbk, and its listing on the IDX, which included an international offering in reliance on Regulation S

Secondary offering of shares in PT MAP Aktif Adiperkasa Tbk
Represented the Joint Global Coordinators and Joint Bookrunners in the secondary offering of 648,508,000 ordinary shares in PT MAP Aktif Adiperkasa Tbk, a company listed in the IDX, with an offer price of Rp.6,500 per share (total offering size of IDR4.15 trillion or approximately US$291 million), by a selling shareholder. 

Republic of Indonesia (RoI)'s US$25 billion Trust Certificate Issuance Program and subsequent US$2 billion dual tranche sukuk offering
Represented the Arrangers and Managers on the update of RoI's Rule 144A/Reg S US$25 billion Trust Certificate Issuance Program and the subsequent US$2 billion dual tranche sukuk offering under the Program. The offering involved the issuance of a tranche of US$1.25 billion sukuk due 2029 and a tranche of US$750 million Green sukuk due 2024.

Senior notes offering by PT Sawit Sumbermas Sarana Tbk
Represented initial purchasers in a Regulation S offering of US$300 million 7.750% Senior Notes due 2023 by a wholly owned subsidiary of PT Sawit Sumbermas Sarana Tbk, an Indonesian oil palm plantation company listed on the IDX.

US$1.16 billion Melco Resorts & Entertainment Limited primary sale of ordinary shares and ADSs
Represented Deutsche Bank Securities Inc., UBS Securities LLC and Morgan Stanley & Co. LLC as underwriters in the US registered primary sale of ordinary shares and American depositary shares (ADSs) of Melco Resorts & Entertainment Limited (MREL), valued at approximately US$1.16 billion.

US$1.7 billion IPO of Jasmine Broadband Internet Infrastructure Fund (JASIF)
Advised on the THB55 billion (approximately US$1.7 billion) IPO of investment units of JASIF, and its listing on the Stock Exchange of Thailand, which included an international offering in reliance on Regulation S and Rule 144A. The deal was named the "Equity Market Deal of the Year (Premium)" at the ALB SE Asia Law Awards 2016.

Awards and Recognition

Band One for Singapore Capital Markets: International, Chambers Asia Pacific 2016-2020 and Chambers Global 2016-2020

Leading individual for Singapore Capital Markets, Legal 500 Asia Pacific 2020 and IFLR1000 2020

Leading individual for Indonesia Capital Markets, Chambers Asia Pacific  2020

Leading lawyer for IFLR1000's Women Leaders 2018 and 2019

Best in capital markets, Euromoney's Asia Women in Business Law Awards 2015 and 2016