Jaclyn Yeap
Partner
Hong Kong
Jaclyn Yeap
Partner
Hong Kong
Contact Details
Jaclyn specialises in advising issuers and underwriters on a wide range of debt capital markets transactions in Asia, including establishment and updates of medium term note programmes, Reg S standalone bond issuances with credit enhancement structures such as keepwells, equity interest purchase undertakings and standby-letters of credit, bank and insurance regulatory capital instruments, convertible bonds, corporate hybrids, green bonds and liability management exercises.
Qualifications
Professional
Admitted as solicitor, Hong Kong, 2015
Admitted as solicitor, England and Wales, 2009
Academic
News & insights
News: 30 NOVEMBER 2020
Allen & Overy has advised the joint lead managers in connection with the multi-tranche Reg S offering of EUR4 billion sovereign bonds by the Ministry of Finance of the People’s Republic of China…
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News: 20 NOVEMBER 2020
Allen & Overy has advised the managers in connection with Bank of Communications’ USD2.8 billion undated additional tier 1 (AT1) capital bonds, utilising a new perpetual bond format for Chinese…
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News: 23 OCTOBER 2020
Allen & Overy has advised the joint lead managers in connection with the multi-tranche Reg S and Rule 144A offering of USD6 billion sovereign bonds by the Ministry of Finance of the People’s Republic…
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News: 22 SEPTEMBER 2020
Bank of China issues its first blue bond in offshore markets
Allen & Overy has advised the joint lead managers and joint bookrunners on the inaugural dual-currency blue bond offering by Bank of China Limited, Paris Branch and Bank of China Limited, Macau…
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Qualifications
Professional
Admitted as solicitor, Hong Kong, 2015
Admitted as solicitor, England and Wales, 2009
Academic
Experience highlights
Advising Ministry of Finance of the People’s Republic of China, the joint lead managers on Ministry of Finance of the People’s Republic of China’s offshore sovereign bond offerings for 3 consecutive years since 2017, including the Government’s first foreign currency bond offering since 2004, its first Euro-denominated bond issuance in 15 years and the largest Reg. S offering by an Asian sovereign to-date.
Advising the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR) on its USD1bn green bond issuance. This is the first issuance under the government’s HKD100bn green bond programme.
Advising Bank of China Macau, the joint lead managers and joint bookrunners, on a dual-currency senior small and medium enterprises (SMES) themed (COVID-19 Impact Alleviation) social bonds issuance, comprising of a HKD4bn 1.95% bonds due 2022 and a MOP1bn 1.90% bonds due 2022 under Bank of China Limited’s USD40bn MTN programme. This is the first social bonds issuance from a Chinese issuer in the international capital markets, which is aligned with the Social Bond Principles 2018 published by the International Capital Market Association. Proceeds of the bonds will be used to support SMES in Macau to aid access to financial resources and reduce financing costs in response to the recent outbreak of COVID-19.
Advising joint lead managers on the issue of CNY1.5bn Reg S supplementary capital notes due 2021 under ICBC (Asia)’s MTN programme. This won the Equity-linked Deal of the Year, IFLR Asia Awards 2012 and was the first Basel III – compliant instrument issued by a bank in the Asia-Pacific region and the first subordinated bond of its kind issued in Hong Kong’s offshore RMB bond market.
