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“Deacons maintains a strong pipeline of deals”.   

Legal 500 Asia Pacific 

Your guide to Hong Kong’s debt capital markets

Deacons has all the experience you would expect when it comes to advice on debt financing.

Hong Kong’s debt capital market is one of the most liquid – as well as one of the largest – in Asia. Complex, sophisticated and carefully regulated, it offers companies an almost limitless menu of options to satisfy their funding requirements.

Our debt capital markets team has a strong presence in the market and an established reputation for covering the whole range of financing products. We focus on understanding the industry trends, business conditions, regulatory framework and legal developments that can affect our clients, and through this insight strive to deliver commercial advice, manage risks and enhance value for your business. 

Members of our team have advised major financial institutions as well as both domestic and multinational corporations on capital raising transactions by way of debt financing in US dollars, Renminbi, Hong Kong dollars and other currencies. We offer substantial experience in the structuring, execution and completion of debt capital markets transactions and in all related regulatory issues. In addition to corporations, we have also advised government institutions, rating agencies and market organisations.

Our dedicated team has also been at the forefront of the development of the offshore Renminbi bond market since its inception in 2007 and has advised issuers and arrangers on a number of “first of its kind” issuances as well as on the majority of groundbreaking and industry award-winning bond issuances in this market. Our experience of different issuance structures includes issues by multi-national companies, direct issuances by PRC state-owned enterprises, as well as issues by offshore entities of PRC corporations supported by various forms of credit enhancement and security arrangements. Recent highlights include advising on:

  • The recent issues of sovereign bonds by the Ministry of Finance of the People’s Republic of China in Hong Kong;

  • The issue of RMB1 billion 5.70% Guaranteed Secured Bonds due 2017 by Universal Number One Co., Ltd., a subsidiary of a leading PRC financial leasing company based in Beijing;

  • The issue of US$700 million 2.375% Notes due 2017 by The Bank of East Asia, Limited; and

  • The issue of RMB500,000,000 4.375% Credit Enhanced Bonds due 2017 by Soar Rise Limited, a subsidiary of AVIC International Leasing Co., Ltd. which is the only state-owned financial leasing company in the PRC with an aviation industry background.

If you would like to discuss in more detail how we could help your business, we would be delighted to hear from you.