Drawing upon strong local connections developed over many years’ existence in the local market and also able to leverage resources on the mainland, independent Hong Kong firm Deacons continues to pick up good market flow for domestic and PRC-based issuers and underwriters across a broad swathe of bond issuances. Team head Kevin Tong is pivotal to the firm’s success in the market, including as it relates to green/sustainable bonds and his work in relation to PRC Ministry of Finance’s offshore sovereign issuances in Hong Kong. Icarus Yuen regularly works alongside Tong on high-profile mandates, including on sovereign issuances, and also has strong traction among Chinese SOEs, which he regularly advises on their offshore bond issuances.
Key clients
- AVIC International Leasing Co., Ltd.
- Bank of China (Hong Kong) Limited
- Bank of Communications Co., Ltd. Hong Kong Branch
- Guangzhou Metro Group Co., Ltd.
- The Bank of East Asia, Limited
- The Wharf (Holdings) Limited
- Wharf Real Estate Investment Company Limited
- Wheelock and Company Limited
- Zhejiang Provincial Energy Group Company Limited
- Chongqing International Logistics Hub Park Construction Co., Ltd.
- Tianjin Rail Transit Urban Development Co., Ltd. and Tianjin Rail Transit Group Co., Ltd.
- Shandong Guohui Investment Holding Group Co., Ltd.
- Xi’an Municipal Infrastructure Construction Investment Group Corporation, Ltd
- Guangxi Communications Investment Group Corporation Ltd.
- Yangzhou Economic and Technological Development Zone Development (Group) Co., Ltd
- Zhuzhou City Construction Development Group Co., Ltd.
- Weifang Urban Construction and Development Investment Group Co., Ltd.
- Longkou Urban Rural Construction Investment Development Co., Ltd
- Ningbo Beilun Modern Service Industry Development Co., Ltd.
- Nanjing Jiangbei New Area Industrial Investment Group
- China International Capital Corporation Hong Kong Securities Limited
- Central Wealth Securities Investment Limited
- Zhongtai International Securities Limited
- Pulsar Capital Limited
- China Construction Bank (Asia) Corporation Limited
- Jinghe New City Development and Construction (Group) Co, Ltd of Xixian New Area, Shaanxi Province
- Wuxi Hengting Industrial Co., Ltd.
- Xinjiang Transportation Construction Investment Holding Co., Limited
Work highlights
- Advised The Bank of East Asia, Limited on its issuance of $500m 6.75 per cent. Non-Preferred Loss Absorbing Notes due 2027.
- Advised Bank of Communications Co., Ltd. Hong Kong Branch as the Issuing and Lodging Agent on the Sovereign Bond issuances by the Ministry of Finance of the People’s Republic of China in Hong Kong in 2022.
- Advised Bank of China (Hong Kong) Limited as the Issuing and Lodging Agent on the RMB bill issuances by The People's Bank of China in Hong Kong in 2022.
Lawyers
Practice head
The lawyer(s) leading their teams.
Kevin Tong