Giancarlo Sambalido

Examples of Gian’s experience include advising on the following matters*:

ECM

• A multinational food and beverage company on its USD1bn initial public offering of shares listed on the Philippine Stock Exchange (PSE). This transaction is to date the largest IPO on the PSE and one of the largest food and beverage IPOs in Southeast Asia.
• The largest liquor company in the Philippines on its secondary listing by way of introduction on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST). It is the first PSE-primary listed company to conduct a secondary listing on the SGX-ST Mainboard.
• The first and largest Real Estate Investment Trust (REIT) in the Philippines as issuer, and the selling shareholder, on the issuer’s USD253m initial public offering of shares listed on the Philippine Stock Exchange (PSE). This is the Philippines's first REIT and first REIT IPO on the PSE.
• The underwriters on the PHP21.6bn (USD431.2m) initial public offering of shares by a REIT sponsored by one of the Philippines’ largest real estate developers on the Philippine Stock Exchange (PSE). At the time of offering, it was the largest IPO by a REIT on the PSE.
• The underwriters on the PHP13bn (USD272m) follow-on offering of shares listed on the Philippine Stock  by a renewable energy company.
• The joint global coordinators and joint domestic underwriters on the PHP12bn rights offering by a universal bank in the Philippines.
• The joint global coordinators and joint bookrunners on the PHP12bn rights offering of one of the largest private universal banks in the Philippine.
• The joint bookrunners in relation to a planned Rule 144A / Regulation S and Philippine-registered follow on offering by an operator of a Philippine casino.
• The second biggest oil refiner in the Philippines on its PHP18.4bn (USD375m) IPO and listing on the Philippine Stock Exchange. 
• The underwriters on the THB8.4bn (USD281m) initial public offering and listing of a leading parcel delivery company in Thailand on the Stock Exchange of Thailand.
• The underwriters in connection with a leading Thailand-based renewable energy provider initial public offering of shares in Thailand and a concurrent private placement outside Thailand and the United States pursuant to Regulation S under the U.S. Securities Act and listing on the Stock Exchange of Thailand.
• The underwriter in connection with the initial public offering (IPO) of shares by a Thailand-based asset management company both within and outside Thailand under Rule 144A / Regulation S of the U.S. Securities Act and listing on the Stock Exchange of Thailand.
• The joint global coordinators on one of the largest joint-stock commercial banks in Vietnam Rule 144A / Regulation S USD900m initial equity offering and listing on the Ho Chi Minh Stock Exchange.
• The placement agents on several overnight placements of shares of a real estate investment trust sponsored by the largest property developer in the Philippines and listed on the Philippine Stock Exchange.
• A financial institution as placement agent on a Rule 144A / Regulation S overnight placement of shares of a telecommunications service provider listed on the Philippine Stock Exchange.
• The placement agent on an overnight placement of shares of a Philippine-listed holding company of a major Philippine conglomerate.
• A company in the automotive dealership industry on its planned Hong Kong Stock Exchange initial public offering.
• A Barbados insurance company in its off-shore offering of a rights issue for common shares and preference shares.

DCM

• A Philippine multinational fast-food company and its subsidiary, as guarantor and issuer:
  • on the debut issuance of USD600m guaranteed senior perpetual capital securities.
  • on the dual tranche senior notes issuance of USD Regulation S notes USD300m 5.332% due January 2026 and USD300m 4.75% due January 2030.
  • on the senior notes issuance of USD Regulation S notes USD300m 4.125% due April 2030.
• The dealer manager on the tender offer of a Philippine multinational fast-food company to purchase for cash its USD600m guaranteed senior perpetual capital securities listed on the SGX-ST.
• The joint lead managers on the issuance by one of the largest power companies in the Philippines of:
  • USD800 million Senior Perpetual Capital Securities on September 2024 and subsequent tap thereof on September 2024.
  • USD500 million Senior Perpetual Capital Securities on November 2024 and subsequent tap thereof on February 2025.
• The dealer managers on several concurrent exchange and tender offers for several of the Senior Perpetual Capital Securities issued by one of the largest power companies in the Philippines.
• The dealer manager on the tender offer of one of the largest power companies in the Philippines to buy back up to half of its USD800m notes due 2023.
• The joint lead managers on the USD175m 5.75% guaranteed bonds due 2025 issued by a subsidiary of an investment management and holding company in Asia.
• The joint lead managers on the USD350m 4.375% guaranteed bonds due 2027 issued by a subsidiary of an investment management and holding company in Asia.
• A global financial institution, the lead manager on the USD300m 6.50% non-cumulative subordinated additional Tier 1 Capital Securities issued by one of the largest universal banks in the Philippines. This is the first Basel III compliant AT1 offshore bond issuance by a Philippine bank.
• The arrangers and dealers in relation to several updates of, and drawdowns from the USD3bn MTN Program of one of the largest universal banks in the Philippines.
• The arrangers and dealers on the establishment and updates of, and drawdowns from, the USD2bn MTN program of one of the universal banks in the Philippines.
• The arrangers and dealers on the update of, and drawdown from, the USD2bn MTN program of a major Philippine bank.
• The Republic of the Philippines in its issuance, via U.S. SEC- registered shelf takedowns, of:
  • EUR600m due 2023
  • EUR600m due 2029.
  • USD1bn due 2030
  • USD1.35bn due 2045. 
  • EUR750m notes due 2027. 
• The joint lead managers on the issuance by the Republic of the Philippines via U.S. SEC-registered shelf registration takedowns of:
  • EUR1b notes due 2032
  • USD1.25b notes due 2035
  • USD1b notes due 2050
  • USD500m notes due 2030
  • USD1.1b notes due 2035
  • USD900m notes due 2049
• The underwriters in the inaugural USD1bn Sukuk offering by the Republic of  the Philippines.
• The dealers on the issue of the Government of Mongolia's CNY1bn Regulation S notes due 2018, pursuant to its USD5bn MTN program.
• A group of global financial institutions as joint lead managers on the USD500m bond issuance by the Government of Mongolia under its USD5bn MTN program.
• A group of global financial institutions as dealers on the issue of the Government of Mongolia's CNY1bn Regulation S notes due 2018, pursuant to its USD5bn MTN program.
• The joint lead managers on the USD500m 7.25% senior notes due 2023 issued by a financial institution in Mongolia.

Securitization and Structured Finance

• The arrangers and lead managers on the refinancing of the securitization of an asset and equipment broker in Australia by a new CMBS (Monnet Finance) in the amount of EUR406.1m.
• A chemicals company as originator on a trade receivables securitization transaction in the U.S. with a financial institution through its trade receivables conduit.
• A Canadian bank, as issuer, on credit card receivables-backed notes through its credit card securitization trust.
• A Peruvian bank, as originator, in connection with issuance of USD50m Series 2012-A loans under its a future payment flow (diversified payment rights) securitization program.
• A multinational mobile broadband company on the securitization of certain U.S. trade receivables.
• A major auto finance company in connection with the issuance of auto loan ABS in various asset-backed commercial paper facilities totalling in excess of USD5bn.
• The issuer on a USD4bn syndicated revolving conduit facility for retail auto loans originated by a major auto finance company.
• A global financial services group as issuer in connection with a credit card Master Trust and its issuance of publicly-registered credit card-backed ABS.
• A major financial institution in its issuance of a credit-linked note relating to a resecuritization of corporate debt.

*The above matters were handled prior to joining Sidley.