Xuan Jin

Counsel, Hong Kong SAR, Dubai

Biography

“Xuan Jin is excellent at executing transactions and making himself available.”
The Legal 500 EMEA 2022

Overview

Xuan is a Counsel in the Firm's Capital Markets practice and a member of the Firm's Global ESG & Sustainability Interest Group and Global Islamic Finance Interest Group based in Hong Kong (as a Registered Foreign Lawyer) and Dubai.

Xuan specialises in Debt Capital Markets (including securitisations and other structured finance and private credit), Sustainable Finance and Islamic Finance transactions, with a focus on the sovereign, sovereign related entities, financial institutions and corporates sectors. He has 15 years' experience advising both Issuer, Sponsor and Arranger clients across a number of jurisdictions, including Hong Kong, the PRC, the GCC, South East Asia and continental Europe. He is also a member of the ICMA Sustainability Linked Bonds Working Group and ICMA Sustainable Securitisation Task Force.

Prior to joining White & Case, Xuan worked at a UK Magic Circle law firm in their London, Shanghai, Beijing and Dubai offices.

Xuan is ranked as a "Rising Star" for Capital Markets by Legal 500 and for Debt Capital Markets by IFLR1000 and is qualified in England and Wales.

Bars and Courts
England and Wales
Registered Foreign Lawyer, The Law Society of Hong Kong
Education
LPC
The College of Law Moorgate
London
LLB (Hons)
London School of Economics and Political Science
Languages
English
Mandarin

Experience

Xuan's experience includes advising:

  • The Arrangers and Managers on the update of The Republic of Indonesia's (RoI) Rule 144A/Reg S US$35 billion Trust Certificate Issuance Program and the subsequent US$3.25 billion dual tranche sukuk offering under the Program, which closed successfully on 6 June 2022. The offering involved the issuance of a tranche of US$1.75 billion sukuk due 202 and a tranche of US$1.5 billion green sukuk due 2032, the proceeds of which will be used exclusively to finance / re-finance expenditures directly related to "Eligible SDGs Expenditures with Green and Blue focus" under the RoI's new SDGs Government Securities Framework.
  • Asian Infrastructure Investment Bank (AIIB) on its anchor investment in a US$401 million Infrastructure Asset-Backed Securities (IABS) sponsored by Bayfront Infrastructure Management (Bayfront), including a US$120 million senior sustainable class, the proceeds of which are fully allocated to eligible Green and Social loans.
  • International Finance Corporation in respect of guidelines and frameworks adopted for Social Bond issuances in the People's Republic of China.
  • Fupeng Investment Management Limited (a subsidiary of Ping An Insurance (Group) Company of China, Ltd) on the establishment and subsequent annual update of its CNY 12 billion Medium Term Note Programme with the benefit of a keepwell deed provided by Ping An Real Estate Company Limited and a liquidity support undertaking provided by Ping An Real Estate Capital Limited, as well as multiple drawdowns thereunder.
  • The Joint Lead Managers on Perfect Point Ventures Limited's issuance of US$300 million 5.20% Guaranteed Notes due 2025 Unconditionally and Irrevocably Guaranteed by C Land Holdings Limited.
  • The Arrangers and Dealers on the annual 2022 update of Far East Horizon Limited's US$4 billion Medium Term Note and Perpetual Securities Programme.
  • The Joint Lead Managers on the offering of US$150 million in aggregate principal amount of 3.0% credit enhanced bonds due 2025 issued by Shanghai Fosun High Technology (Group) Co., Ltd., the first transaction for a privately owned enterprise to use a trustee structure to issue Shanghai free trade zone bonds and the first USD-denominated Shanghai free trade zone bonds.
  • BofA Securities, Inc., Bank of China Limited, Macau Branch, Industrial and Commercial Bank of China (Macau) Limited as Joint Global Coordinators and Joint Bookrunners and other initial purchasers on the offering of US$750 million 4.75% Senior Notes due 2027 by MGM China Holdings Limited, a leading developer, owner and operator of gaming and lodging resorts in Macau.
  • Saudi Arabian Oil Company (Saudi Aramco) on the establishment of its debut Rule 144A/Reg S Trust Certificate Issuance Programme and its inaugural US$6 billion triple tranche issuance of Trust Certificates thereunder. This transaction had the largest order book ever recorded for an Islamic trust certificate issuance, with orders exceeding US$60 billion.
  • Al Rajhi Capital Company, as Sole Lead Manager and Bookrunner, on the issuance of SAR 6.5 billion 3.5% fixed rate resettable Additional Tier 1 Capital Sukuk by Al Rajhi Banking and Investment Corporation. This was the largest issuance size by a financial institution in Saudi Arabia and the first of its kind in Al Rajhi Banking and Investment Corporation's history, opening the fixed income markets to the bank as well as being its first regulatory capital transaction.
  • The Arrangers on the establishment of the US$4 billion Trust Certificate Issuance Programme of Al Rajhi Banking and Investment Corporation, which accommodates the issuance of senior, subordinated and Sustainable trust certificates.
  • Saudi Real Estate Refinance Company (SRC) on the establishment of its sophomore domestic SAR 20 billion Sukuk Issuance Programme with the benefit of a Saudi Sovereign Guarantee, and the issuance thereunder of SAR 10 billion of Government Guaranteed Sukuk across four Series.
  • HSBC Saudi Arabia Limited, Al Rajhi Capital Company, Alinma Investment Company, AlJazira Capital and SNB Capital Company as Dealer Managers and Riyad Capital Company as Agent, on the voluntary cancellation (and exchange for new sukuk) of the bonds and sukuk previously issued by the Kingdom of Saudi Arabia as represented by the Ministry of Finance and the National Debt Management Office.
  • The Global Coordinators and other Managers on DP World's issuance of Sharia-compliant US$1.5 billion, 6.125% Reset Subordinated Perpetual Certificates which uses a Mudaraba structure.
  • The Global Coordinators (HSBC and Citi) and joint lead managers on Hikma Pharmaceuticals PLC's (the multinational pharmaceutical company) Reg S US$500 million 5-year Eurobond.
  • Fawaz Alhokair Group's Arabian Centres Company, the owner, developer and operator of shopping centres on its sophomore issuance of Reg S/Rule 144A US$650 million 5.5 year Sukuk.
  • The investor teams from the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD) on a rare Green Auto ABS, involving the securitisation of auto leases to Greek SME and corporate customers originated by Olympic Commercial & Tourist Enterprises Single Member S.A. (Avis Hellas). The proceeds of the EBRD subscribed Notes are to be used by Avis Hellas to invest in reduction of carbon emissions across its vehicle fleet.
  • Standard Chartered Bank as Solicitation Agent on a consent solicitation by Samba Funding Limited in respect of the amendments and waiver of certain terms of Notes issued under its US$5 billion Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by Samba Financial Group in the context of the merger of Samba Financial Group and National Commercial Bank.
  • Abu Dhabi Department of Energy on regulatory advice relating to the preparation of the Emirate of Abu Dhabi's Energy Efficiency Regulations.
  • The International Federation of the Red Cross and Red Crescent Societies on the development of a Social Impact Sukuk for the purpose of financing One WASH projects (providing access to clean water in certain developing nations).
  • The Johannesburg Stock Exchange on the implementation of its Green Bond Listing Segment.
  • Investment Corporation of Dubai on the establishment and annual updates of its US$2.5 billion Euro Medium Term Note Programme and US$2.5 billion Trust Certificate Issuance Programme and all drawdowns thereunder to date, including the US$600 million 3.223 per cent Notes due 2026.
  • The Joint Lead Managers on the establishment by Cagamas Berhad (Malaysia) of its US$2.5 billion Multicurrency Sukuk Issuance Programme.*
  • The Joint Lead Managers on the first UK Government Export Credit Agency Guaranteed pre-funded sukuk for Emirates Airlines.*

 

* Experience prior to joining White & Case

Awards and Recognition

Rising Star: Capital Markets – United Arab Emirates, IFLR1000 2021

Rising Star: Capital Markets: Debt – United Arab Emirates, The Legal 500 EMEA 2022