Image of Valerie Ching

Valerie Ching

Senior Associate

Valerie is a New York and Singapore law qualified associate and represents both issuers and underwriters in debt and equity capital markets transactions and liability management exercises in Asia Pacific.
Valerie has experience in high-yield, investment grade and convertible bonds transactions. She has also worked on IPOs in Indonesia, India and Hong Kong. Valerie was selected as “Recommended Lawyer” in the Legal 500 Asia Pacific in 2022 and 2023.

Experience

Representative matters

  • The initial purchasers in connection with a US$500 million Rule 144A/Reg. S bond offering by Medco Maple Tree Pte. Ltd and (ii) the dealer managers in connection with concurrent tender offers by certain subsidiaries of PT Medco Energi International Tbk.
  • Greenko Wind Projects (Mauritius) Ltd in connection with the offering of US$750 million in aggregate principal amount of 5.50% Senior Notes due 2025, unconditionally guaranteed by Greenko Energy Holdings on a senior basis. It was the first international green bond issuance to fund the construction of an energy storage project in India.
  • The underwriters in connection with One 97 Communications Limited’s US$2.467 billion India IPO, the largest ever IPO in India and in the Asia-Pacific fintech sector. One 97 Communications Limited operates as India’s largest digital payments and financial services platform under its brand “Paytm”.
  • The underwriters in connection with the US$1.3 billion initial public offering of 23,493,524,800 common shares of PT Dayamitra Telekomunikasi Tbk (Mitratel), a subsidiary of PT Telkom Indonesia (Persero) Tbk which owns and operates telecommunications towers in Indonesia, on the Indonesian Stock Exchange.
Debt Capital Markets
  • The consent solicitation agent in connection with the consent solicitation by Golden Energy and Resources Pte. Ltd. (formerly known as Golden Energy and Resources Limited) for its 8.50% Senior Secured Notes.
  • The dealer managers and consent solicitation agents in connection with the concurrent tender offer and consent solicitation by LMIRT Capital Pte. Ltd. for its outstanding 7.500% Senior Notes due 2026.
  • The dealer managers and consent solicitation agents in connection with tender offers by LMIRT Capital Pte. Ltd. for its outstanding 7.250% Senior Notes due 2024 and 7.500% Senior Notes due 2026 and concurrent consent solicitations.
  • The dealer managers and initial purchasers in connection with an exchange offer by Mongolian Mining Corporation and Energy Resources LLC for their outstanding 9.25% Senior Notes due 2024 and issuance of new Senior Notes due 2026, respectively.
  • CK Hutchison International (23) Limited, as Issuer, and CK Hutchison Holdings Limited, as Guarantor, in connection with the issuance of US$1.25 billion 4.750% Guaranteed Notes due 2028 and US$1.25 billion 4.875% Guaranteed Notes due 2033.
  • The dealer managers in connection with tender offers by Theta Capital Pte. Ltd. for its outstanding 8.125% Senior Notes due 2025 and 6.750% Senior Notes due 2026.
  • The dealer managers and consent solicitation agents in connection with tender offers by Theta Capital Pte. Ltd. for its outstanding 8.125% Senior Notes due 2025 and 6.750% Senior Notes due 2026 and concurrent consent solicitations.
  • Sinopec Century Bright Capital Investment Limited and Sinopec Century Bright Capital Investment (America) LLC, as the Issuers, and China Petrochemical Corporation, as the Guarantor, in relation to changes in the Issuing Paying Agent and the terms of the Guarantee under their Commercial Paper Program.
  • The dealer managers in connection with a tender offer of the outstanding 5.875% Senior Notes due 2024 issued by Indika Energy Capital III Pte. Ltd. and the outstanding 8.25% Senior Notes due 2025 issued by Indika Energy Capital IV Pte. Ltd. subject to a combined aggregate purchase price of up to US$250 million. The Notes are guaranteed by PT Indika Energy Tbk and certain of its subsidiaries.
  • The dealer managers in connection with the tender offer of the outstanding 7.375% Senior Notes due 2026 issued by Medco Oak Tree Pte. Ltd. and the outstanding 6.375% Senior Notes due 2027 issued by Medco Bell Pte. Ltd. subject to a combined aggregate purchase price of up to US$150 million. The Notes are guaranteed by PT Medco Energi Internasional Tbk and certain of its subsidiaries.
  • The initial purchasers in connection with an offering by Medco Laurel Tree Pte. Ltd of US$400 million in aggregate principal amount of 6.95% Senior Notes due 2028, unconditionally and irrevocably guaranteed by PT Medco Energi International TBk and certain of its subsidiaries.
  • The initial purchasers in connection with PT ABM Investama Tbk’s offering of US$200 million 9.5% senior notes due 2026.
  • The dealer managers in connection with the tender offer of the outstanding 7.125% Senior Notes due 2022 issued by PT ABM Investama Tbk.
  • GLP Pte. Ltd. in connection with the issuance of US$850 million 4.50% green subordinated perpetual capital notes under its US$5 billion Euro Medium Term Note Programme. As of 2021, this was the first-ever offering of US$ green subordinated perpetual securities by an APAC corporate issuer and the largest US$ green subordinated perpetual offering globally.
  • GLP Pte. Ltd. in connection with the update of its US$5 billion Euro Medium Term Note Programme.
  • The dealer manager, in connection with the solicitation of consents to adopt proposed amendments to the indenture constituting the 8.125% senior notes due 2023 issued by PT Bayan Resources Tbk unconditionally and irrevocably guaranteed by certain of PT Bayan Resources Tbk’s subsidiaries and the cash tender offer for up to US$220 million in aggregate principal amount of the Notes outstanding.
  • The joint bookrunners in connection with an inaugural U.S. Rule 144A/Regulation S private placement by a subsidiary of Coronado Global Resources (Coronado) of US$350 million 10.750% senior secured notes due 2026.
  • The initial purchasers in connection with the issuance and sale by Nickel Mines Limited of US$175 million 6.50% notes due 2024. The Notes are listed on the Singapore Exchange Securities Trading Limited.
  • New Metro Global Limited as the issuer and Seazen Holdings Co., Ltd. as the guarantor in connection with (i) an offer to purchase for cash made by New Metro Global Limited for its 6.5% senior notes due 2021 and 7.125% senior notes due 2021 and (ii) its offering of US$450 million 4.8% guaranteed senior notes due 2024.
  • The consent solicitation agents in connection with the solicitation of consents to adopt proposed amendments to the indenture constituting the 8.25% senior notes due 2025 and to the trust deed constituting the 6.75% senior notes due 2026. Each of the 2025 Notes and the 2026 Notes was issued by Theta Capital Pte. Ltd. and unconditionally and irrevocably guaranteed by PT Lippo Karawaci Tbk.
  • The dealer manager in connection with the solicitation of consents to adopt proposed amendments to the indenture constituting the 8.00% senior notes due 2022 issued by Geo Coal International Pte. Ltd. unconditionally and irrevocably guaranteed by Geo Energy Resources Limited, and the cash tender offer for all of the outstanding Notes.
Equity Capital Markets

  • Go Digit in connection with its USD $314 million initial public offering on the Bombay Stock Exchange and the National Stock Exchange of India.
  • The joint sponsors and overall coordinators in connection with the HK$194.1 million initial public offering of HighTide Therapeutics, Inc. on the HKEX.
  • The joint sponsors and sponsor-overall coordinators in connection with the HK$595.2 million initial public offering of iMotion Automotive Technology (Suzhou) Co., Ltd. on the HKEX.
  • The placement agents with respect to a PIPE in connection with PropertyGuru Pte. Ltd’s business combination with Bridgetown 2 Holdings Limited, a Hong Kong-based SPAC listed on the Nasdaq. PropertyGuru Pte. Ltd. is a leading property technology company in Southeast Asia.

Awards

  • Recommended Lawyer for Capital Markets: Debt and Equity in Singapore, The Legal 500 Asia Pacific, 2023
  • Recommended Lawyer for Capital Markets: Debt and Equity in Singapore, The Legal 500 Asia Pacific, 202

Qualifications

Admissions

Adovcate and Solicitor, Singapore, 2017

Attorney-at-Law, New York, 2023

Academic

Bachelor of Laws, Honours (Second Upper), National University of Singapore, 2016

Languages

English,Chinese

Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.