Freshfields Bruckhaus Deringer (‘Freshfields’) has advised on 18 major debt capital markets deals in Greater China in 2016.

Freshfields partner Andrew Heathcote said, “Our success this year is a testament to the strength of our clients, our market leading position and talented team.”

“Our performance in 2016 highlights the increasing strength of the Freshfields debt capital markets team and our ability to lead on large, first-of-kind transactions in Greater China,” added partner Calvin Lai.

Partner David Ludwick also commented, “We are pleased to have been able to support our clients on these transactions in 2016 and we continue to expand our debt capital markets capabilities to better serve our clients.”

During 2016, Freshfields debt capital markets team in Greater China achieved success in a number of notable deals including advising:

* CK Hutchison Holdings Limited (‘CK Hutchison’) on its issue of Series A €1.35bn ($1.41bn) guaranteed notes and Series B €650m ($680m) guaranteed notes, the first bond issuance by CK Hutchison since the merger of Hutchison Whampoa and Cheung Kong Holdings in June 2015.
* Lead managers and dealer-managers in connection with a tender offer and consent solicitation for $750m of exchangeable bonds issued by China Overseas Holdings Limited (exchangeable into shares of China Overseas Land & Investment) and a concurrent issuance of US$1.5bn exchangeable bonds. This was the largest equity-linked debt issuance in Asia since 2010.
* Li & Fung on the establishment of a $2bn MTN and perpetual securities programme, which is a hybrid programme by a well-known name in Asia.
* BOC Aviation Pte Ltd on an update of its $5bn GMTN programme and a Rule 144A issue of $750m under the GMTN programme. The issuer is one of the largest aviation leasing companies in the world.
* Television Broadcasts Limited on its debut issue of $500m guaranteed notes. The issuer is the one of the largest commercial Chinese programme producers in the world.
* Tianjin Infrastructure Construction & Investment Group Co., Ltd. on its debut issue of $500m bonds. The issuer is the largest city infrastructure company in China by asset value.