Capital Markets
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Read about the latest legal and regulatory developments in Asia
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Capital Markets Team →
Meet our regional team of experienced lawyers
Asia has witnessed strong growth in both equity and debt capital markets, driven by factors such as economic development, infrastructure financing, financial inclusion, and innovation. However, the region also has to deal with various challenges, such as geopolitical uncertainties, regulatory divergences, market volatility, and environmental, social, and governance (ESG) risks. Rajah & Tann Asia is a leading legal partner for capital markets transactions in Southeast Asia, with a strong track record of advising on complex and innovative deals across the region. Attuned to securities laws and market developments worldwide, our team has an outstanding track record in successfully handling major initial public offerings (IPOs), listings and bond issues. We are also experts in secondary fundraisings – domestically, regionally and internationally.
Yet, our true distinction lies in our ability to provide exacting advice and services in novel and difficult transactions, helping you to fuel the sustained growth of your enterprise. As geopolitics, price volatility, ESG mandates and other pressures on the world economy bleed into global capital markets, there is a need to be on your toes to remain resilient in the face of challenges.
Featured insights
Regional Guide on Listings & Initial Public Offerings in Southeast Asia
Rajah & Tann Asia’s regional guide on listings and initial public offerings (IPOs) in Southeast Asia prepared by law firms which are part of the Rajah & Tann Asia network. This guide gives an overview of the key requirements and processes involved in listing and initial public offerings in Singapore, Indonesia, Malaysia, Thailand, Cambodia and Vietnam.
Our Cross Border Strength
The Rajah & Tann Asia Capital Markets team has been widely recognised as Top Tier and able to handle the most complex and ground breaking transactions in equity and debt capital market transactions across all sectors.
Our regional team is widely regarded to have the most technically proficient lawyers with the relevant ground experience and rapport built up over the years with regulators and other professionals instrumental to the success of capital market transactions.
We represent clients in the following areas:
- Equity Capital Markets
- Debt Capital Markets
Equity Capital Markets
We advise issuers, issue managers, underwriters, and originators on initial public offerings and listings (including by way of reverse takeovers as well as dual listings) on the securities exchanges in Cambodia, Indonesia, Malaysia, Singapore and other recognised exchanges such as the stock exchanges of Hong Kong and Korea and NASDAQ, as well as on listings of real estate investment trusts and business trusts on the Mainboard of the SGX-ST. We also have a strong track record of listing foreign issuers, including from jurisdictions such as China, Japan, India, Indonesia, Taiwan and Australia. Our Cambodian office is one of the first few registered law firms in Cambodia licensed to advise companies seeking a listing on the Cambodia Securities Exchange
We also advise listed clients and investors on a broad range of transactions, including placements, rights issues and other secondary issues, issues of warrants, depository receipts, redeemable preference shares and convertible loan stocks, continuing listing requirements, corporate disclosure and corporate governance and capital and corporate restructuring. In addition, R&T Corporate Services Pte Ltd, is amongst the first batch of Singapore Exchange Catalist continuing sponsors for Catalist companies on the SGX-ST.
Debt Capital Markets
We are recognised in the field of debt capital markets as having highly creative lawyers with strong technical knowledge who can handle the full spectrum of complex and innovative debt capital market transactions. We are able to advise issuers, issue managers and underwriters, on both domestic and international offerings where we are able to tap the local expertise of our countries in Asia where Rajah & Tann has offices.
We frequently advise on foreign offerings of bonds by issuers having significant interests in the respective Asian countries, as well as exchange offers of debt instruments listed on various Stock Exchanges.
Specifically, our team of debt capital market lawyers are able to advise on:
- International Bond Issues (including MTN Programmes);
- Domestic Bond Issues (including Retail Products);
- Securitisation and Covered Bonds;
- Bank Capital Instruments;
- Equity-linked Debt; and
- Islamic bonds (Sukuk)
Related Links
Recognition
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Bands 1 & 2 - Capital Markets (Indonesia, Singapore)Chambers Asia-Pacific (2024)
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Band 1 - Capital Markets: Securitisation & Derivatives (Singapore)Chambers Asia-Pacific (2024)
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Outstanding - Capital Markets (Indonesia, Singapore)asialaw (2024)
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Tiers 1 & 2 - Equity Capital Markets (Indonesia, Singapore)IFLR1000 (2024)
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Tiers 1 & 2 - Debt Capital Markets (Indonesia, Singapore)IFLR1000 (2024)
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Tiers 1 & 2 - Capital Markets (Indonesia, Singapore)The Legal 500 Asia-Pacific (2024)
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Ranked - Debt and Equity Capital Markets (Malaysia, Philippines, Thailand)IFLR1000 (2024)
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"Rajah & Tann Singapore commands an excellent reputation for advising on listed and unlisted derivatives and structured products, as well as for providing a full suite of regulatory counsel."Chambers Asia-Pacific (2024)
(Singapore) -
"Assegaf Hamzah & Partners covers the full gamut of capital market matters, covering both public and private debt and equity offerings, with a particular strength in advising on the structure and implementation of Shariah-compliant financing and investment transactions."The Legal 500 Asia-Pacific (2024)
(Indonesia) -
"Christopher & Lee Ong is well-positioned to advise clients on various cross-border capital market mandates, particularly across Malaysia, Singapore, and Hong Kong."The Legal 500 Asia-Pacific (2024)
(IMalaysia)
Rajah & Tann Singapore offers legal expertise across both debt and equity capital markets and is recognised for being involved in many complex transactions in the market."
Our Capital Markets Team
Head, Capital Markets
Director, Rajah & Tann (Thailand) Limited
Foreign Counsel, Assegaf Hamzah & Partners
