Vincent Sze

Among other matters, Mr. Sze represents sponsors, lenders and contractors in the development and financing of independent power projects in Asia. His experience includes:

Debt Capital Markets

• Baidu Inc. in its:
  • US$950 million offering of notes in two tranches: US$650 million of 1.720% notes due 2026 and US$300 million of 2.375% notes due 2030;
  • US$1 billion offering of notes in two tranches: US$ 600 million of 3.075% notes due 2025 and US$ 400 million of 3.425% notes due 2030; and
  • US$1 billion offering of notes in two tranches: US$600 million of 4.375% notes due 2024 and US$400 million 4.875% notes due 2028;
• Bilibili, Inc. in its:
  • US$800 million Rule144A/Regulation S offering of 1.25% convertible senior notes due 2027; and
  • US$700 million Rule 144A/Regulation S offering of 1.25% convertible senior notes due 2027;
• iQIYI, Inc. in its US$800 million offering of 4.00% convertible senior notes due 2026 and its concurrent US$700 million offering of American depositary shares;
• Meituan in its US$2 billion Rule 144A/Regulation S offering of senior notes in two tranches: US$750 million of 2.125% senior notes due 2025 and US$1.25 billion of 3.05% senior notes due 2030. The notes were listed on the Hong Kong Stock Exchange. This was Meituan’s first-ever U.S. dollar-denominated notes offering;
• NIO Inc. in its US$1.5 billion Rule 144A/Regulation S offering of convertible senior notes in two tranches: US$750 million of zero coupon convertible senior notes due 2026 and US$750 million of 0.50% convertible senior notes due 2027;
• Momo Inc., backed by Alibaba Group Holding Limited (China) , in its US$650 million Rule 144A/Regulation S offering of convertible senior notes due 2025;
• Sinopec Century Bright Capital Inv. Ltd. in an update of its US$3 billion medium-term note programme and a subsequent drawdown of HK$1.2 billion aggregate principal amount of 3.15% senior notes due 2020 and RMB1 billion aggregate principal amount of 4.50% senior notes due 2021;
• Sinopec Group Overseas Development (2018) Limited, a wholly owned subsidiary of China Petrochemical Corporation, in its Rule 144A and Regulation S private placement of its six tranches of senior notes in the aggregate offering size of US$6 billion, each guaranteed by China Petrochemical;
• Trip.com Group Limited (formerly, Ctrip.com International, Ltd) in its US$500 million Regulation S offering of 1.50% exchangeable senior notes due 2027;
• Weibo Corporation in its:
  • US$750 million offering of 3.375% notes due 2030;
  • US$800 million offering of 3.5% notes due 2024; and
  • US$900 million Rule 144A/Regulation S offering of convertible senior notes due 2022;
• Wynn Macau, Limited in its:
  • US$1.35 billion Rule 144A/Regulation S high-yield offering of senior unsecured notes in two tranches and in a concurrent tender offer to purchase US$1.35 billion of 5.25% senior unsecured notes due 2021. The notes were listed on the Hong Kong Stock Exchange; and
  • new US$2.3 billion dual-currency secured credit facility, which consisted of a US$750 million senior secured term loan facility, a US$1.55 billion senior secured term loan facility and an option to upsize the total senior secured facilities by an additional US$200 million;
• Xiaomi Inc. in its:
  • US$600 million Rule 144A/Regulation S offering of 3.375% senior notes due 2030; and
  • US$855 million offering of zero coupon convertible bonds due 2027;
• the underwriters in high-yield bond offerings by 361 Degrees International Limited, Agile Property Holdings Limited, Country Garden Holdings Company Limited, Hilong Holding Limited, Huachen Energy Co., Mingfa Group (International) Company Limited, Powerlong Real Estate Holdings Limited, Ronshine China Holdings Limited, Shougang Holding (Hong Kong) Limited, Sunshine 100 China Holdings Limited, Yanlord Land Group Limited, Yestar International Holdings Company Limited, Yuzhou Properties Company Limited, Wuzhou International Holdings Limited, Zhongsheng Group Holdings Limited and Zoomlion Heavy Industry Science and Technology Co.

Equity Capital Markets

• Bosideng International Holdings Limited’s US$842 million initial public offering of shares and listing on the HKEx (representing the joint global coordinators);
• China CITIC Bank Corp. in its US$5.9 billion dual-listed initial public offering, one of the world’s largest IPOs in 2007. The IPO consisted of an offering of 4.9 billion H shares valued at US$4.2 billion on the Hong Kong Stock Exchange and a Rule 144A/Regulation S placement, and an offering of 2.3 billion A shares on the Shanghai Stock Exchange valued at US$1.7 billion. Prior to this IPO, China CITIC Bank sold a 5% stake to Banco Bilbao Vizcaya Argentaria, S.A., a bank in Spain;
• Kingboard Laminates Holdings Limited’s (Hong Kong) US$818 million initial public offering of shares and listing on the Hong Kong Stock Exchange (representing the underwriters);
• PT Garuda Indonesia (Persero) Tbk. (Indonesia) as issuer and PT Bank Mandiri (Persero) Tbk. (Indonesia) as selling shareholder in the privatization of PT Garuda via a US$529 million combined primary/secondary initial public offering of shares, which were listed on the Indonesian Stock Exchange. The offering included a Rule 144A/Regulation S component;

Mergers and Acquisitions

• Axiata Group Berhad in Celcom Axiata Berhad’s merger with Digi Berhad, a subsidiary of Telenor Asia Pte. Ltd. The transac- tion was valued at over US$12 billion and was the largest-ever telecommunications transaction in Malaysia;
• Ball Corporation in its US$225 million sale of its metal beverage packaging facilities in China to ORG Technology Co., Ltd. (China);
• China National BlueStar (Group) Corporation in its US$600 million sale of a 20% stake to The Blackstone Group L.P., a private equity firm;
• CITIC Capital Holdings Limited (Hong Kong) in its US$215 million sale of a 22% stake to Qatar Investment Authority; and

Other Experience

• PT Paiton Energy in the development and financing of the 815 MW Paiton III supercritical coal-fired power plant in Indonesia, a project valued at approximately US$1.5 billion and involving JBIC and a group of commercial lenders.

Mr. Sze speaks fluent English, Cantonese and Mandarin, and conversational Japanese.