Overview
Cecil is a London-based US partner who is a leading US capital markets practitioner in the London market. He became a partner in the New York office in 1996 and transferred to the London office in 2000. He works on a broad spectrum of securities and finance matters and has extensive experience in offerings of debt, equity, regulatory-capital and structured securities in established and emerging markets, as well as in liability management transactions and restructurings. He works extensively on strategic, transactional , compliance and disclosure matters with SEC reporting companies.
For Cecil’s additional transactional experience, click here.
Work Highlights
Cecil’s most significant recent transactional experience includes:
- representing the lead managers on Air Baltic’s €340 million 14.5% Secured Bonds due 2029 (Rule 144A stress refinancing of pre-existing indebtedness of key regional airline)
- representing Energy Development Oman on its debut US$1 billion Rule 144A sukuk (5.875% Trust Certificates due 2033) (Middle East Bonds, Loans & Sukuk Deal of the Year)
- advising the lead managers on Emirate of Abu Dhabi’s US$5 billion three-tranche jumbo bond issuance
- advising Rio Tinto plc on its US$1.75 billion SEC-registered notes offering, and generally on all US-related disclosure and reporting issues and US capital-raising platforms
- advising the underwriters on Barclays PLC’s US$1.75 billion AT1 (9.625% Fixed Rate Resetting Perpetual Subordinated Contingent Capital Securities) and all SEC-registered Barclays PLC and Barclays Bank PLC offerings of regulatory-capital and debt securities
- advising the underwriters on HSBC Holdings plc’s US$2 billion 7.39% Fixed Rate/Floating Rate Subordinated Unsecured Notes due 2034 and all SEC-registered HSBC Holdings plc offerings of regulatory capital and debt securities
- advising the lead managers on Serbia’s offering of US$1.5 billion 6% Notes due 2034 and previous US-facing bond offerings by Serbia
- representing the lead managers on London Stock Exchange Group plc’s US$1.25 billion dual-tranche bonds and previous US-facing offerings of debt securities by London Stock Exchange Group plc
- advising Allied Irish Bank plc on its US$1 billion Fixed to Floating Senior Notes due 2035 and all US-facing offerings of regulatory capital and debt securities
- advising Unilever PLC on its SEC-registered offering of US$1.5 billion dual-tranche Senior Notes, as well as on US-securities-law aspects of its unification transaction and on all its SEC-registered offerings of debt securities
- advising OPEC Fund for International Development on its debut and subsequent US-facing offerings of debt securities, including its US$500 million 4.625% Notes due 2027
- advising Tate & Lyle PLC on US law aspects of its sale of its Primary Products and related businesses in North America and Latin America
- advising Omantel on its debut US$500 million Rule 144A sukuk (Sukuk Trust Certificates due 2031 (part-refinancing of Omantel’s secured notes which financed its acquisition of its stake in Zain Telecom)
- representing the lead managers on Nationwide Building Society’s US$1.5 billion 5.264% Regulated Covered Bonds due 2026 and its US$1.25 billion 6.557% Fixed-to-Floating Rate Senior Non-Preferred Notes due 2027, and on all Nationwide Building Society’s US-facing offerings of regulatory capital securities, covered bonds and other debt securities
- representing the lead managers of Nordea Bank’s offering of US$1 billion dual-tranche senior preferred notes and all US-facing financings by Nordea Bank
- advising the initial purchasers on BT’s US$1 billion debut Rule 144A offering of hybrid capital securities
- representing Yellow Cake PLC in multiple placements of its AIM-listed ordinary shares
- advising Hong Kong Airport Authority on its US$1.5 billion debut US issuance of debt securities
- representing Assemblin on its €250 million senior secured floating-rate high-yield notes offering
- advising ALMEX as selling shareholder and Halyk Bank as issuer in connection with ALMEX’s US$344 million secondary offering of Halyk Bank GDRs
- representing the lead managers in multiple Rule 144A offerings of sovereign bonds by Egypt, including its jumbo US$3 billion offering in 2021 and its groundbreaking US$2 billion multi-tranche offering in 2020 (Bonds, Loans & Sukuk Middle East Sovereign Debt Deal of the Year)
- advising, on a pro bono basis, the World Health Organization on securities-law and related issues associated with its involvement in the Pandemic Emergency Financing Facility (PEF) and the funding of the PEF by the World Bank’s Catastrophe-Linked Capital at Risk Notes (IFLR Americas Structured Finance and Securitisation Deal of the Year)
- advising SAB Miller on US securities-law-related matters in connection with the AB InBev/SAB Miller acquisition
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