Margaret’s areas of expertise span capital markets, banking and finance.
Margaret is Head of the Debt Capital Markets team. She has substantial experience in a wide range of debt offerings including vanilla bond issues, medium term note programmes and hybrid instruments as well as liability management exercises. She regularly represents financial institutions, local and overseas corporations as well as statutory boards. Margaret also has considerable experience in asset securitisations, loan syndications, banking, property finance and project finance.
Margaret is listed in IFLR1000 Women Leaders 2020 - Asia-Pacific, a guide that recognises the elite cohort of leading female lawyers in the world. She was also inducted into The Legal 500 Hall of Fame for Capital Markets: Equity and Debt.
She is widely recognised as a leading lawyer in capital markets by many notable legal publications including Chambers Asia-Pacific, Chambers Global, The Legal 500 Asia Pacific, IFLR1000 and Who’s Who Legal: Capital Markets. Chambers Asia-Pacific notes that Margaret “has an excellent reputation in the market” and “is feted by clients, with one saying: ‘Margaret Chin remains up to date with changes in the market and regulatory environment. She offers good advice on how to deal with and settle documentation issues’”. She is also noted to be “a very sharp and experienced lawyer who most clients would want on their side of the negotiating table”. A source also describes Margaret as “‘head and shoulders above everybody else’ for debt capital markets work, with extensive experience planning MTN programmes, structured notes and other bond issuances.” In Who’s Who Legal, Margaret “is considered one of the foremost names for debt capital markets work in the region” and is recognised as a “go-to adviser to major financial institutions and corporations”.
Margaret contributed the Singapore chapter to the Capital Markets Global Guide 2016/2017 – Debt Capital Markets published by Practical Law Company.
Margaret joined the Firm in 1990 after she was called to the Singapore Bar and has been a Partner since 1996.
- Advised DBS on the establishment of a US$10 billion global covered bond programme by DBS. The Programme was jointly arranged by DBS and Barclays Bank, Singapore Branch. DBS issued US$1 billion fixed rate covered bonds due 2018 as the first series off the Programme and payment under the bonds are unconditionally and irrevocably guaranteed by Bayfront. This is the first issuance of covered bonds by a Singapore-incorporated bank and the first in the Singapore market.
- Acted for Fullerton Fund Management Company in an issue by Astrea III (a wholly-owned subsidiary of Temasek Holdings) of US$510 million secured fixed rate notes. Fullerton Fund Management Company, an independently operated investment management subsidiary of Temasek Holdings, was appointed to act as manager of the transaction. The notes are the first listed notes in Singapore backed by cash flows from private equity funds.
- Acted for DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank and United Overseas Bank Limited in the establishment of S$5 billion guaranteed medium term note programme by Temasek Financial (IV) Private Limited guaranteed by Temasek Holdings (Private) Limited and the issue of S$500 million fixed rate guaranteed notes under the programme.
This was the first offer of debt securities by Temasek which included a public offer to retail investors, and was the first offer of debt securities by an issuer pursuant to the Securities and Futures (Offers of Investments) (Exemption for Offers of Straight Debentures) Regulations 2016 introduced by the Monetary Authority of Singapore in 2016 to facilitate retail access to debt securities.
The Exemption Regulations for Straight Debentures (together with the Seasoning Framework) was introduced to facilitate retail access to debt securities, and provide for an exemption from the prospectus registration requirements such that an issuer (or guarantor) which satisfies prescribed eligibility criteria (focused on credit worthiness and listing track record) is able to offer notes (with plain vanilla features) to retail investors in Singapore without registering a prospectus or abridged prospectus.
- Advised National University of Singapore (NUS) on the issue of its S$300 million 1.565 per cent. notes due 2030 under its S$2 billion multicurrency medium term note programme. NUS successfully raised S$300 million through the issue of green bonds under the Programme, where the net proceeds from the issue will be allocated towards the financing of green projects under the new Green Finance Framework of the university. NUS is believed to be the first university in Asia to launch a framework on sustainability-linked finance and to issue a green bond.