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Clifford Chance

Clifford Chance
Gareth Deiner

Gareth Deiner

Partner

Partner
Gareth Deiner

Gareth Deiner specialises in broad range of debt capital markets products across a wide range of industries in the South and Southeast Asian region, including advising sovereign and corporate issuers, private equity sponsors, real estate investment trusts and arrangers and underwriters on euro and global medium term note programmes; high yield, sovereign, corporate investment grade and cross-over credit debt securities offerings; hybrid bond issues, including convertible, exchangeable and perpetual bond issues; Islamic finance securities offerings; regulatory capital securities offerings and various liability management and debt capital markets restructuring exercises.

Gareth is a noted expert in green and sustainable financing in the debt capital markets, having advised on numerous global and regional market firsts.

  • Equity-linked: recent experience on equity-linked, convertible and perpetual securities includes advising:

    • The joint lead managers on Keppel REIT's S$200,000,000 convertible bond offering, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on Yinson Holdings' US$100,000,000 guaranteed senior perpetual securities offering, listed on the Singapore Stock Exchange.
    • The joint lead managers on Olam International's US$500,000,000, and S$350,000,000 subordinated perpetual securities offering, listed on the Singapore Stock Exchange.
  • Medium Term Note Programmes: recent experience on securities issuance programmes includes advising:

    • The arrangers on Olam International's US$5,000,000,000 euro medium term note programme, listed on the Singapore Stock Exchange.
    • Singapore Stock Exchange on its S$1,500,000,000 debt securities issuance programme for the issuance of wholesale and retail senior debt securities and perpetual securities, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on DBS Group Holdings' US$30,000,000,000 global medium term note programme, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on Oxley Holdings' US$1,000,000,000 guaranteed euro medium term note programme, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on STT GDC's S$1,500,000,000 multicurrency debt issuance programme, listed on the Singapore Stock Exchange.
    • Vena Energy Capital on its US$1,000,000,000 guaranteed medium term note programme for the issuance of green bonds, listed on the Singapore Stock Exchange (including the first U.S. dollar-denominated green bond issued by a Singapore issuer, in compliance with the ICMA Green Bond Principles).
    • The arrangers and dealers on Surbana Jurong's US$1,000,000,000 debt securities issuance programme, listed on the Singapore Stock Exchange.
    • Interplex Holdings on its US$550 million medium term note programme, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on Singapore Airlines' S$600 million senior notes offering under its S$1,000,000,000 multi-currency medium term note programme listed on the Singapore Stock Exchange.
    • Parkway Pantai on its US$2,000,000,000 multicurrency medium term note programme, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on Cagamas Global's US$2,500,000,000 multicurrency medium term note programme, listed on the Singapore Stock Exchange and Labuan International Financial Exchange.
    • IOI Properties Group on its S$2,000,000,000 euro medium term note programme, listed on the Singapore Stock Exchange.
    • The arrangers and dealers on Export-Import Bank of India's US$10,000,000,000 global medium term note programme, listed on the London Stock Exchange's International Securities Market and the Singapore Stock Exchange.
    • The arrangers and dealers on Shriram Transport Finance Company's US$3,000,000,000 global medium term note programme, listed on the Singapore Stock Exchange (including the largest social bond offering by an Indian issuer in compliance with the ICMA Social Bond Principles).
    • The arrangers and dealers on Indiabulls Housing Finance's US$1,500,000,000 secured euro medium term note programme, listed on the Singapore Stock Exchange (including the first social bond offering by an Indian issuer in compliance with the ICMA Social Bond Principles).
  • Islamic Finance: recent experience on Shari'a compliant sukuk offerings includes advising:

    • The arrangers and dealers on Cagamas Global Sukuk's US$2,500,000,000 multicurrency sukuk issuance programme, listed on the Singapore Stock Exchange and Labuan International Financial Exchange.
    • The joint lead managers on the US$500,000,000 trust certificate offering by PT Garuda Indonesia (Persero) Tbk, listed on the Singapore Stock Exchange (the first US-dollar sukuk offering by an Indonesian corporate issuer and the first sukuk issuance utilising the airline capacity structure in Asia). Debt & Equity-linked Deal of the Year, IFLR Asia Awards 2016; Indonesia Deal of the Year, Islamic Finance News Awards 2016.
    • The Republic of Indonesia on its US$25,000,000,000 trust certificates (sukuk) programme and issuance of a US$3,000,000m000 dual tranche "green" sukuk, the world's first sovereign green sukuk, and the first under the Republic's green bond and green sukuk framework.
    • The joint lead managers on the dual tranche US$1,500,000,000 Regulation S/Rule 144A trust certificate offering by the Government of Malaysia, listed on the Hong Kong Stock Exchange, the Labuan International Financial Exchange and the Bursa Malaysia (the sukuk offering employed a structure utilising Shariah-compliant commodities, leasable assets and non-physical income-generating assets in the form of rights to participate in the provision of services, a world first for a sovereign sukuk). Wakalah Deal of the Year, Islamic Finance 2016; Best Sovereign Sukuk and Deal of the Year, The Asset Triple A Islamic Finance Awards 2016.
  • High Yield: recent experience on U.S.-dollar high yield offerings includes advising:

    • Serba Dinamik on its US$300,000,000 and US$200,000,000 trust certificate offerings, listed on the Singapore Stock Exchange and Labuan International Financial Exchange (the first US-dollar high yield offering in sukuk form by an issuer in the Asia Pacific). Best Malaysia Deal, FinanceAsia Achievement Awards 2019.
    • Press Metals on its US$400,000,000 senior notes offering, listed on the Hong Kong Stock Exchange and Labuan International Financial Exchange. Debt Market Deal of the Year 2018, Asia Legal Business Malaysia Awards.
    • the initial purchasers on Avation Capital's US$100,000,000 senior notes offering, listed on the Singapore Stock Exchange.
  • Liability management: recent experience on consent solicitations, tender offers and/or exchange offers and related debt capital markets restructuring exercises includes:

    • The dealer-manager on PTT Exploration and Production Public Company's successful accelerated tender offer relating to its US$500 million fixed rate notes listed on the Singapore Stock Exchange.
    • The dealer-managers on the successful tender offer and exit consent by Gallant Venture in respect of its S$230,000,000 notes due 2018.
    • The dealer-managers on Medco Energi Global's on its successful tender offer and exit consent in respect of its S$100,000,000 notes due 2018.
    • The dealer-managers on Pacific International Lines' S$60,000,000 switch tender offer for existing notes, the first switch tender offer in the Singapore debt capital markets.
    • KrisEnergy on its consent solicitation for the mandatory exchange of its S$130,000,000 and S$200,000,000 senior unsecured notes for new senior unsecured oil price-linked PIK notes, listed on the Singapore Stock Exchange.
  • ECA-backed and CGIF guaranteed offerings: recent experience on ASEAN currency denominated note issuances guaranteed by the Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank, includes:

    • the sole lead manager on the S$150,000,000 guaranteed amortising notes offering by Nexus International School.
    • the sole lead manager on the S$70,000,000 guaranteed senior notes by CJ Logistics.
    • the joint lead managers on the dual tranche S$100 million issue of senior guaranteed notes by Fullerton Healthcare Corporation, listed on the Singapore Stock Exchange.
    • the joint lead managers on the S$195 million issue of senior guaranteed notes by IVL Singapore, listed on the Singapore Stock Exchange.

News and client work

View all news and client work featuring Gareth Deiner

Contact details

Career and qualifications

  • Rhodes University, South Africa (BComm) 2003
  • Rhodes University, South Africa (LLB) 2005
  • University of South Africa (Post-Graduate Certificate in Advanced Corporate and Securities Law) 2005
  • Admitted as an attorney and conveyancer in South Africa 2005
  • Associate, Edward Nathan Sonnenberg Incorporated 2006
  • Joined Clifford Chance as Associate 2007
  • Admitted as a solicitor in England and Wales 2008
  • Senior Associate, Herbert Smith Freehills 2013 - 2015
  • University of London, United Kingdom (MSc) 2015
  • Rejoined Clifford Chance 2015
  • Partner since 2019

Professional bodies

  • Financial Services Lawyers Association

Awards and citations

  • Recognised as 'Commended External Counsel of the Year 2019' in the client and peer-voted Asia Mena Counsel Awards by InHouse Community magazine.
  • Gareth Deiner has been included in the latest Asian Legal Business 40 under 40 rankings which recognises outstanding legal professionals.
  • A capital markets specialist, Deiner has advised on high-profile transactions across South Asia and the ASEAN region, including a multinational banking and financial services corporation as arranger on the establishment of a $1 billion guaranteed medium-term note programme for a firm which provides financial and treasury services. He worked on the deal that won the Debt Market Deal of the Year (Midsize) at the ALB Malaysia Awards 2018. One of his clients calls him the “real DCM guy,” adding that “Gareth is the first person I will call".
  • ”Named as one of "Singapore's 70 most influential lawyers aged 40 and under in 2016" by Singapore Business Review, 2016. 
  • Named as a "Next Generation Lawyer" in Singapore: Capital Markets by the Legal 500, 2016
  • Named as the "Rising Star for Debt and Equity-Linked Capital Markets" at the 2015 Asia-Pacific IFLR Awards
  • Ranked as an "Associate to Watch" and "Foreign Expert Based Abroad" in Chambers Asia-Pacific, 2013-2016 and Chambers Global 2013-2016 for Singapore Capital Markets: International
  • Ranked as an "Associate to Watch" in Chambers Asia-Pacific, 2012-2016 and Chambers Global 2013-2016 for India Capital Markets (International Firms): Foreign Expert based in Singapore
  • Named as one of "Singapore's 20 most influential 40-and-under lawyers" by Singapore Business Review, 2014.