Clarisse Fong specialises in and advises on a broad range of debt capital markets transactions, including international offerings of bonds and perpetual securities, medium term note and covered bond programmes for state-owned enterprises, companies, banks and financial institutions in Singapore, Hong Kong and Greater China.
- Advised the dealers on the update by DBS and DBS Group Holdings Ltd of their US$30 billion GMTN Programme and US$10 billion covered bond programme and subsequent issue by DBS Group Holdings Ltd of US$500 million 1.822 per cent. Tier 2 Subordinated Notes due 2031 and US$1 billion 3.30 per cent. Perpetual Capital Securities First Callable in 2025 under its US$30 billion GMTN Programme
- Advised the arrangers and dealers on the update of Shanghai Pudong Development Bank Co., Ltd.'s $5 billion multi-branch MTN programme and subsequent issue by SPDB Hong Kong Branch of US$500 million floating rate notes due 2023 and issue by SPDB Singapore Branch of US$300m 1.00 per cent. Notes due 2024
- Advised the arrangers and dealers on China Development Bank's update of its US$30 billion debt issuance programme and subsequent issues of US$1 billion 1.00 per cent. Notes due 2025, US$500 million 1.625 per cent. Notes due 2030, EUR1.25 billion Zero Coupon Notes due 2023 (listed on the Hong Kong Stock Exchange, SGX-ST and Macau Stock Exchange), RMB2.8 billion 3.03 per cent. Notes due 2023 and RMB3.7 billion 3.23 per cent. Notes due 2025 (listed on the SGX-ST)
- Advised the arrangers and dealers on the issue by China Development Bank Hong Kong Branch of US$750 million 0.625 per cent. Notes due 2024 and HKD2.7 billion 0.55 per cent. Notes due 2023 under China Development Bank's US$30 billion debt issuance programme (listed on the Hong Kong Stock Exchange and Macau Stock Exchange)
- Advised China Merchants Bank and its respective branches as issuer's counsel on the (i) the update of its US$5 billion MTN Programme and (ii) subsequent issue of US$800m 1.20 per cent. Fixed Rate Green Notes due 2025 by its Hong Kong Branch, US$300m 0.95 per cent. Fixed Rate Sustainability Notes due 2023 by its Luxembourg Branch and US$400m Floating Rate Notes due 2023 by its Singapore Branch. This was the inaugural issue of green notes by CMB's HK Branch (listed on Hong Kong Stock Exchange) and sustainability notes by CMB's Luxembourg Branch (listed on Luxembourg Green Exchange)
- Advised Hero Asia Investment Limited and China Longyuan Power Group Corporation Limited as issuer's counsel on the issue of US$300 million 1.50 per cent. Senior Bonds due 2023
- Advised the arrangers and dealers on the update of Sinochem Hong Kong (Group) Company Limited's US$10 billion MTN and perpetual securities programme and subsequent issue of US$500 million 1.625 per cent. guaranteed notes due 2025 and US$500m 3.000 per cent. guaranteed subordinated perpetual securities
- Advised the arrangers and dealers on the update of Oversea-Chinese Banking Corporation Limited's US$30 billion GMTN Program and subsequent issue of US$1 billion 1.832 per cent. Tier 2 Subordinated Notes due 2030
- Advised the arrangers and dealers on the update by CMB International Leasing Management Limited and CMB Financial Leasing Co., Ltd. of their US$20 billion MTN Programme and subsequent issues of US$800 million 1.875 per cent. notes due 2025 and US$400 million 2.750 per cent. notes due 2030
- Advised the dealers on the issue by MCC Holding (Hong Kong) Corporation Limited and Metallurgical Corporation of China Ltd.'s issue of US$400 million 3.25 per cent. guaranteed subordinated perpetual securities, US$500 million 4.95 per cent. senior guaranteed perpetual securities and US$500 million 2.95 per cent. guaranteed notes due 2020
- Advised the dealers on the issue by Taiyuan Longcheng Development Investment Group Co., Ltd. of US$300 million 3.70 per cent. Notes due 2023
- Advised the dealers on the issue by Industrial Investment Overseas Limited (guaranteed by New & High (HK) Limited and with the benefit of a keepwell and liquidity support deed and deed of equity interest purchase undertaking by Nanjing Jiangbei New Area Industrial Investment Group) of US$200 million 3.70 guaranteed notes due 2021
- Advised SF Holding Investment Limited and S.F. Holding Co., Ltd. as issuer's counsel on its issue of US$700 million 2.875 per cent. Guaranteed Notes due 2030
- Advised the arrangers and dealers on the update by Oxley MTN Pte. Ltd. and Oxley Holdings Limited of its US$1 billion MTN Programme and subsequent issue of S$75 million 6.50 per cent. notes due 2023
- Advised the dealers on the issue by Zhengzhou Urban Construction Investment Group Co., Ltd. of US$200 million 3.80 per cent. Notes due 2025
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Career and
qualifications
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National University of Singapore (LLB) 2010
Admitted as an advocate and solicitor in Singapore 2011
Joined Clifford Chance 2015
Clifford Chance
