Linklaters advised Well Link Life Insurance on its debut US$200m 10-year Tier 2 dated subordinated bond issuance.
This was an innovative insurance regulatory capital transaction, where the tier 2 instrument was issued in compliance with the Insurance (Valuation and Capital) Rules of Hong Kong SAR.
The Linklaters team provided comprehensive advice on the transaction, including structuring matters, and advising on the regulatory application to the Hong Kong Insurance Authority.
The Linklaters team was led by capital markets partners Hanwen Yu and Terence Lau, with support from Xie Xie and Youming Wu.
With over 50 years of on-the-ground experience in Hong Kong SAR and across Asia, and drawing on the strength of its fully integrated global platform, the firm continues to support complex insurance sector transactions, including advising on FWD Group’s US$1.15bn subordinated notes offering and concurrent tender offer, Peak Reinsurance’s US$350m perpetual subordinated guaranteed capital securities offering, and Shin Kong Life Insurance’s US$400m Tier 2 subordinated dated capital bonds issuance.
