Jacqueline Heng is a capital markets lawyer based in London, who is qualified in England and New York.
Jacqueline advises on Regulation S offerings outside of the United States, as well as Rule 144A offerings into the United States, and on both publicly listed and privately placed deals.
For over a decade, she has advised investment banks, DFIs, sovereign and quasi-sovereign issuers and corporate clients across a broad spectrum of industries including financial services, energy, manufacturing, mining and natural resources, transport and TMT.
Jacqueline has worked on various debt securities offerings (including corporate bonds, green/ESG bonds, sovereign bonds, convertible and exchangeable bonds, high-yield bonds, ORB retail bonds and mini-bonds), EMTN programmes, CP and CD programmes, and structured notes. She has also advised on liability management transactions (including consent solicitations and tender offers) and securities law compliance matters (including continuing disclosure obligations and market abuse regulations).
Jacqueline is a thought leader in the area of green bonds and sustainable financings, and is a regular author/commentator and panel speaker. She has also been active in dealing with issues arising from the transition from LIBOR to risk free rates.
Jacqueline graduated from Cambridge University with an MA (Cantab) in Law and an LL.M. (Commercial Law). She was also a Cambridge Commonwealth Trust scholar, and a recipient of the regional ASEAN scholarship award.
Jacqueline's experience includes advising:
- Coca Cola HBC, one of the world's largest bottlers of The Coca-Cola Company's brands, on its London listed €5bn debt issuance program in 2019, the issues of €700m 1.000 percent bonds due 2027 and €600m 1.625 percent bonds due 2031, as well as the tender offer for Coca-Cola HBC Finance B.V.'s outstanding €800m 2.375 percent bonds due 2020, and on the update of its STEP-compliant Euro-Commercial Paper Programme
- Ecobank Transnational Incorporated, the holding company of a leading pan-African banking group with a presence in 36 African countries, on its inaugural US$450m Rule 144A / Reg S international Eurobond and its US$50m tap issue, each listed on the London Stock Exchange
- Ecobank Transnational Incorporated on its inaugural convertible bond, the first by an African issuer on the International Securities Market of the London Stock Exchange
- The Republic of Kazakhstan on the update of its London-listed US$10bn global medium-term note program (Reg S / Rule 144A) and the issuances of its €650m 1.50% notes due 2034 and €500m 0.60% notes due 2026
- GuarantCo, the international development finance institution, on a landmark INR2.5bn dual-tranche unsecured wrapped and rated green bond issuance by Sindicatum Renewable Energy Company Pte
- The dealers on the Province of Québec's inaugural and on five green bonds issued, each listed on the Luxembourg Stock Exchange
- Royal Bank of Canada on its inaugural green bond issuance
- National Bank of Canada's inaugural green structured note listed on the Luxembourg Stock Exchange
- TELUS on its inaugural issuance of sustainability-linked bond, which was also the first of its kind in Canada, consisting of $750 million 2.85% senior unsecured Sustainability-Linked Series CAF notes with a long 10-year maturity
- A global asset management company on two privately placed green bonds (one in conjunction with its private equity investment) in carbon offset projects in Asia and Latin America
- Bank of Nova Scotia on its LIBOR transition consent solicitation in respect of its £550,000,000 Floating Rate Covered Bonds due 10 January 2023, the first of such consent in Canada
- NatWest Markets and Toronto Dominion Securities as solicitation agents in respect of the LIBOR transition consent solicitation by The Toronto-Dominion Bank relating to its £500,000,000 Floating Rate Series CBL18 Covered Bonds due 30 January 2023
- Breeze Finance S.A. on the restructuring and consent solicitations in respect of its issued bonds and the restructuring of its windfarm portfolio
- Sandvik AB as issuer on its €3bn euro medium-term note program listed on the London Stock Exchange, and on an issue of US private placement notes and a tender offer
- The Go-Ahead Group as issuer on its £250m 2.5 percent guaranteed bonds listed on the London Stock Exchange
- Petropavlovsk Plc in respect of its US$100m guaranteed convertible bonds and related consent solicitation and exchange offer
- Peter Hambro Mining on its issue of US$180m gold equivalent exchangeable bonds, due 2012, listed on the Channel Islands Stock Exchange
- Workspace Group on its US$57.5m six percent retail bonds listed on the London Stock Exchange
- The Toronto-Dominion Bank on the establishment and update of its London Euro-Commercial Paper Programme, Asian Euro-Commercial Paper Programme and its London Certificate of Deposit Programme
- National Bank of Canada on its structured notes issuances
- Bank of Nova Scotia on its US$12bn structured notes programme listed on the Singapore Stock Exchange
- On several privately-placed solar green bonds linked to RPI
- Crest Nicholson on its issue of US private placement notes to US-qualified institutional buyers
- Sirius Real Estate Limited on its issue of convertible loan notes
- The International Financial Corporation on its participation in three bond issuances, and on market abuse matters relating to bonds
- The dealers on the Province of Alberta's US$20bn global medium-term note program listed on the Luxembourg Stock Exchange
- The dealers on the Province of Québec's euro commercial paper program and US$22bn euro medium term note program listed on the Luxembourg Stock Exchange
- The dealers on the Province of British Columbia's US$6bn euro debt issuance program listed on the London Stock Exchange
- University of Cambridge – MA (Cantab) in Law (2000-03)
- University of Cambridge – LL.M. (2004-05)
- Sovereign sustainability-linked bonds: The dawn of a revolution
- Green bonds – Published by LexisNexis
- Sustainability-linked Bonds – Published by LexisNexis
- Step up the pace with ESG bonds
- Case Analysis of Euler Hermes V Mackays Stores Group - Guarantee and Indemnity
- Financing Sustainable Shipping – Panel speaker at London International Shipping Week 2021
- LIBOR Transition for Bond Markets – Published by The International Banker
- Basic Mandarin
- 'Next Generation Partner' for Debt Capital Markets – The Legal 500 (2021)
- 'Rising Star for Capital Markets'– International Financial Law Review (2020)
- 'Rising Star UK' – International Financial Law Review (2020)