Overview
With over 15 years’ experience in the Asia-Pacific region, Taiki has extensive experience advising in a broad range of capital markets transactions across Asia, with a particular focus on convertible and exchangeable bonds and liability management and restructurings, as well as corporate hybrids, medium term note programme establishments and drawdowns, private and pre-IPO fund raisings and regulatory capital transactions. He also has extensive experience advising on hybrid financing structures combining elements of loans, bonds and equities.
Experience
Taiki has advised on many of the region’s most innovative and market-first capital markets deals in recent years, including:
- Ping An US$3.5bn 0.875% Convertible Bonds due 2029 – the largest ever Regulation S only convertible bond, the largest convertible bond in the insurance sector and the first offshore convertible bond by a Chinese insurer, and HK$11.765bn Zero-coupon Convertible Bonds due 2030.
- Alibaba HK$12.023bn Zero Coupon Exchangeable Bonds due 2032.
- Chow Tai Fook Jewellery Group HK$8.8bn 0.375% Convertible Bonds due 2030 – one of Hong Kong’s largest convertible bonds in 2025.
- Henderson Land HK$8bn 0.5% Guaranteed Convertible Bonds due 2030 – the largest ever convertible bonds issuance in Hong Kong’s real estate sector.
- FWD Group’s issuances of convertible preference shares and cumulative and non-cumulative perpetual bonds.
- Meituan US$10bn combined convertible bonds and primary follow-on shares issuances and Xiaomi US$4bn combined equity-linked and top up placing – the two largest combined convertible bonds and equity issuances in Asia in history.
- LG Chem US$2bn dual tranche exchangeable bonds due 2028 and 2030 and SK Hynix’s US$1.7bn convertible bonds due 2030.
- Cathay Pacific HK$19.5bn preference shares with detachable warrants as part of its HK$39bn recapitalisation financing, as well as its follow-on issuance of HK$6.74bn guaranteed convertible bonds due 2026.
- Sunac’s restructuring of over US$10.2bn of offshore debt, including through the issuance of multiple series of notes, a convertible bond and a mandatory convertible bond and a debt for equity swap.
- Aoyuan’s restructuring of approximately US$7.3bn offshore debt under a dual and parallel scheme and involving the issuance of perpetual securities, multiple series of notes and a mandatory convertible bond.
Admissions