Joel Lam

Recent experience includes advising*:

Investment Grade and High-yield Debt

• Multiple dealers in the establishment of a US$2 billion medium term note program by China Cinda (HK) Holdings Company Limited, and issuance of US$500 million 1.25% Guaranteed Notes due 2024, US$300 million 1.875% Guaranteed Notes due 2026, US$400 million 2.5% Guaranteed Notes due 2028 and US$800 million 3% Guaranteed Notes due 2031 thereunder.
• CK Hutchison Holdings Limited:
  • BofA Securities, Citigroup, Deutsche Bank, Goldman Sachs (Asia) L.L.C., DBS Bank Ltd., Scotiabank and SMBC Nikko in the issuance of US$500 million 1.50% Guaranteed Notes due 2026, US$850 million 2.50% Guaranteed Notes due 2031 and US$650 million 3.125% Guaranteed Notes due 2041.
  • BBVA, Citigroup, Crédit Agricole CIB, HSBC, ING, IMI – Intesa Sanpaolo and Morgan Stanley in the issuance of €500 million 0.75% Guaranteed Notes due 2029 and €500 million 1.00% Guaranteed Green Notes due 2033.
• Multiple joint lead managers in the issuance of US$600 million Senior Sustainability-Linked Bonds due 2024, US$550 million Senior Sustainability-Linked Bonds due 2026, €800 million zero coupon Senior Green Bonds due 2024 and CNH 2 billion Senior Transition Bonds due 2023 by China Construction Bank under its US$15 billion medium-term note program.
• Citigroup, Deutsche Bank, J.P. Morgan and Maybank as joint lead managers in the issuance of US$400 million 4.80% Bonds due 2022 by Press Metal Aluminium Holdings Berhad.
• ANZ, BNP Paribas, BofA Securities, Citi, Credit Agricole Corporate & Investment Bank, Deutsche Bank, HSBC, Morgan Stanley, Rabobank, RBS, SBI Capital Markets and Standard Chartered Bank as joint lead managers in the issuance of US$500 million 4.85% Guaranteed Notes due 2020 and US$1 billion 5.95% Guaranteed Notes due 2024 by Tata Steel Limited.
• Axis Bank Limited in the update of its US$5 billion Global Medium-Term Note Program.

Convertible Debt, Perpetual Bonds, Preference Shares and Other Equity-linked Securities

• HSBC, Standard Chartered Bank, UBS, BofA Securities, Bank of China and Mizuho Securities as joint lead managers in two series of US$750 million Senior Perpetual Capital Securities by the Airport Authority of Hong Kong. This offering was awarded “Debt Market Deal of the Year” at the Asian Legal Business Hong Kong Law Awards 2021.
• BofA Securities, BOCOM International, CCB International, China Merchant Securities (HK), China Securities International, Cinda International, Guotai Junan International, ICBC International, Mizuho Securities, Nanyang Commercial Bank, Standard Chartered Bank, UBS, ANZ, Bank of Communications, BOC International, Chentong Hong Kong, China Everbright Bank Hong Kong Branch, China International Capital Corporation, CLSA, CMBC Capital, CMBC Capital, Deutsche Bank, J.P. Morgan, SMBC Nikko and SPDB International as joint lead managers in the issuance of US$1.7 billion Non-cumulative Perpetual Offshore Preference Shares by China Cinda Asset Management Co., Ltd.
• Citigroup and HSBC as joint lead managers in the issuance of US$250 million perpetual subordinated guaranteed capital securities by Peak Reinsurance Company Limited.
• BofA Securities, Deutsche Bank, Goldman Sachs (Asia) L.L.C. and HSBC as joint lead managers in the issuance of €500 million subordinated guaranteed perpetual capital securities by CK Hutchison Holdings Limited.
• BNP Paribas, BOC International, HSBC and Morgan Stanley as joint lead managers in the issuance of HK$6.74 billion 2.75% Guaranteed Convertible Bonds due 2026 by Cathay Pacific Airways Limited.
• KGI Asia Limited as sole lead manager in the issuance of US$50 million Convertible Bonds due 2024 with an upsize option of US$50 million by Beijing Energy International Holding Co., Ltd.

Liability Management

• AMTD Global Markets Limited as sole dealer manager in connection with an offer by China Logistics Properties Holding Co., Ltd. to exchange its 8.75% senior notes due 2021 for new US dollar-denominated Senior Notes.
• Standard Chartered Bank and CCB International Capital Limited as dealer managers in a consent solicitation exercise by Power Construction Corporation of China in respect of its US$300 million 4.50% Guaranteed Notes due 2021.
• Capitaland Limited in connection with its tender offer and consent solicitation exercise in respect of its US$650 million 2.80% Convertible Bonds due 2022.

*Includes matters completed prior joining Sidley.