Adnan Sundra & Low

Malaysia

Analysis

Overview

Since its establishment in 1975, Adnan Sundra & Low maintains a solid reputation in the areas of banking and finance, capital markets and corporate and M&A. The firm is a popular choice of counsel for banks and financial institutions to handle financial and corporate structures, securitisations and regulatory capital instruments. It has a large market share of the debt capital markets deals in Malaysia. Key individuals include Deepak Sadasivan and Adrian Chee for banking and finance and capital markets, Edward Foo Yuen Ng for capital markets, and Adrian Chair and Chin Chin Wong for corporate and M&A.

Client feedback

“Very knowledgeable in its work, attentive to our technical and financial concerns and able to incorporate these favourably in the final contract documents.” – Corporate and M&A

“I like its pragmatic approach to the transaction without compromising the interests of the client. The firm was good value for money.” – Corporate and M&A

Rodney D'cruz

“Attentive to the client's concerns and able to mitigate the contractual risk arising from these concerns in the best possible manner. Able to establish a good rapport with the client.”

Tracy Ng

“Pragmatic. Ensured that there was adequate cover in the event some members of her team were not available. All team members were well versed in the nature and status of the transaction.”

Corporate and M&A
Work highlights

Acted as Malaysian counsel to CapitaLand on its acquisition of the Ascendas-Singbridge group of companies from Ascendas-Singbridge.

Key clients

Blue Planet Environmental Solutions, Furukawa Electric, Paramount Corporation, PTTEP

Capital markets
Work highlights

Advised HSBC, HSBC Amanah Malaysia and HSBC Singapore on Serba Dinamik Holdings’ debut issue of a 3-year $300 million high-yield sukuk bond. This was the first-ever high-yield rated sukuk from Asia and the first high-yield rated sukuk globally in 2019.

Advised CIMB Investment Bank on the establishment of IJM Land's perpetual sukuk programme for the issue of guaranteed perpetual Islamic notes under the Shariah principle of musharakah. This issuance is Malaysia’s first perpetual issuance backed by a guarantee.

Key clients

BNP Paribas Securities (Asia), Hong Leong Investment Bank, OCBC Al-Amin Bank, RHB Investment Bank, UOB (Malaysia)

Banking and finance
Work highlights

Advised AmInvestment Bank, CIMB Investment Bank and Hong Leong Investment Bank on Zamarad Assets’ $477 million sukuk murabahah asset-backed securitisation programme.