Leveraging its longstanding local connections and Mainland resources, independent Hong Kong firm Deacons consistently secures a strong flow of instructions from domestic and PRC-based issuers and underwriters in a wide array of bond issuances. Team head Kevin Tong is able to provide 'highly technical' advice to clients as a result of his deep and longstanding immersion in the sector, with expertise not only for PRC clients on offshore bond issuances but also in relation to Hong Kong retail bond issuances. Notably, in what was the first listed HK dollar retail bonds issued by a non-government issuer, Tong recently advised the joint lead managers on the Airport Authority’s HK$5bn retail bond issuance. Icarus Yuen was involved in the aforementioned deal on behalf of the bond trustee and is also a key member of the team.
Testimonials
Collated independently by Legal 500 research team.
- 'They focus on maintaining the highest quality of standard on the work they can deliver.'
- 'Both Kevin Tong and Icarus Yuen are both highly technical and have significant experience in the DCM market.'
Key clients
- AVIC International Leasing Co., Ltd.
- Bank of China (Hong Kong) Limited
- Bank of Communications Co., Ltd. Hong Kong Branch
- Black Peony (Group) Co., Ltd.
- Guangzhou Industrial Investment Fund Management Co., Ltd.
- Hangzhou GSGT State-owned Investment Group Co., Ltd.
- Longkou Urban Rural Construction Investment Development Co., Ltd
- The Bank of East Asia, Limited
- The Hongkong and Shanghai Banking Corporation Limited
- Tianjin Rail Transit Urban Development Co., Ltd.
- Wharf Real Estate Investment Company Limited
- Wheelock and Company Limited
- Yangzhou Jianghuai Construction Development Co., Ltd
- Yili Caitong State Owned Assets Management Co., Ltd
- Ziyang Development Investment Group Co., Ltd.
Work highlights
- Advising the Joint Lead Managers and the Trustee on the Airport Authority’s HK$5bn retail bond issuance – the first listed HKD retail bonds issued by a non-government issuer.
- Advising the Issuing and Lodging Agent on the Renminbi Bill Issuances by The People’s Bank of China in Hong Kong.
- Advising the Issuing and Lodging Agent on several issuances of RMB sovereign bonds by the Ministry of Finance of the PRC in Hong Kong.
Practice head
The lawyer(s) leading their teams.
Kevin Tong