Beijing, China — Shi Libin, a prominent legal advisor in cross-border capital market transactions, boasts a rich track record of orchestrating significant deals involving offshore eurobonds, equity-linked securities, and ESG-themed bonds. With a portfolio that spans over hundreds of offshore bond transactions, Shi’s expertise is widely recognized in the financial sector.
Previously associated with Linklaters, Shi played a crucial role in several groundbreaking transactions, such as the treasury bonds issued by China’s Ministry of Finance and local government bonds from the Guangdong Provincial Department of Finance and the Shenzhen Municipal Finance Bureau. These transactions were particularly notable as they represented the first offshore debt offerings from mainland Chinese local governments.
Throughout her career, Shi has provided guidance on regulatory instruments and bond offerings for a host of major financial institutions. Her clientele includes the Agricultural Development Bank of China, Bank of China, and China Construction Bank, among others. She has also facilitated offshore bond transactions for both central and local state-owned enterprises as well as private entities like Chalco, Chinalco, and Contemporary Amperex Technology.
In a significant development in 2024, Shi served as the international counsel for BOCOM Leasing, steering the successful update of its USD 10 billion medium-term note program through BOCOM Leasing Management Hong Kong. This update was supported by a Keepwell and Asset Purchase Deed from Bank of Communications Financial Leasing.
The update included a series of subsequent offerings, comprising USD 650 million in SOFR-linked floating rate bonds, USD 300 million in fixed-rate bonds, another USD 400 million in SOFR-linked floating rate bonds, and USD 250 million in fixed rate bonds. Shi also played a pivotal role in getting these bonds listed on the Hong Kong Exchanges and Clearing Limited and the Luxembourg Stock Exchange.
One of Shi’s noteworthy contributions was advising on the conversion of two floating rate bonds totaling USD 950 million from being linked to the London Interbank Offered Rate (LIBOR) to the Secured Overnight Financing Rate (SOFR). This strategic move was part of the global shift in the financial industry to adopt more reliable reference rates following concerns about the robustness of LIBOR.
In addition to bond transactions, Shi offers strategic legal advice to numerous financial institutions regarding their investments in offshore securities. Her clients in this area include Hangzhou Bank, Bank of Dalian, and Maxwealth Fund Management.
Shi Libin’s profound impact on the financial landscape through her comprehensive legal expertise in international finance highlights the crucial role of skilled legal professionals in guiding complex financial transactions across global markets.
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