Simpson Thacher & Bartlett Hong Kong

Although it remains better-known for its ECM offering, Simpson Thacher & Bartlett Hong Kong handles a not inconsiderable volume of debt-related issuances for an issuer-focused client base. The firm has been particularly active of late handling equity-linked issuances, with a swathe of Chinese tech companies increasingly issuing convertible bonds as a means of optimising their debt structures and optimising overseas expansion in a difficult high interest rate environment. Recent highlights included the team's work for core client Alibaba Group on its $5bn convertible notes offering (the largest US dollar-denominated convertible bond by an Asian company). Christopher Wong and Daniel Fertig led on the aforementioned mandate, with Wong heading up the overarching Greater China capital markets team.