Mayer Brown is pleased to announce that the firm won the "Financial Services Regulatory Team of the Year" award at the International Financial Law Review (IFLR) Asia Pacific Awards 2021. In addition, the firm advised on a transaction recognized as the "High Yield Deal of the Year.”
Team of the Year: Financial Services Regulatory
Mayer Brown won the Financial Services Regulatory Team of the Year for its dynamic and effective work representing both traditional financial institution and virtual bank clients, providing a broad range of legal services and advice covering emerging trends, regulatory and structuring issues, complex fraud and cross-border regulatory investigation and enforcement cases.
The Asia team's leading partners are Sara Or, Alan Linning and Susanne Harris. Alan Linning (2018-2021) and Susanne Harris (2020, 2021) are ranked as highly regarded lawyers for Hong Kong Financial Services Regulatory by IFLR1000.
Government of Mongolia's US$600 million debt offering and concurrent cash tender offers
Mayer Brown advised the lead arrangers and dealer-managers in connection with the issuance of US$600 million 5.125% bonds due 2026 by the Government of Mongolia and its concurrent offer to repurchase 10.875% senior notes due 2021 and 5.125% senior notes due 2022.
The team was led by Corporate & Securities partners Jason Elder and Thomas Kollar (both Hong Kong) and included lawyers from Mayer Brown’s Hong Kong, Singapore, New York and Washington D.C. offices.
As a first-of-its kind sustainable sovereign transaction in Asia, Mongolia’s issuance extended the maturity profile of the government’s debt and reduced its debt servicing costs. These cost savings enabled the government to increase spending on sustainable activities, included in a sustainability roadmap – and consistent with Mongolia’s sustainability objectives.