Jacqueline Heng
Jacqueline Heng is a capital markets lawyer based in London, who is qualified in England, New York and Ireland.
Jacqueline is recognised as a Next Generation Partner for Debt Capital Markets by Legal 500, and a “Notable Practitioner” in the IFLR 1000 Rankings. She has also been awarded 'Rising Star for Capital Markets' and 'Rising Star UK' at the inaugural Euromoney LMG Awards.
Jacqueline advises on Regulation S offerings outside of the United States, as well as Rule 144A offerings into the United States, and on both publicly listed and privately placed deals.
For over a decade, she has advised investment banks, DFIs, sovereign and quasi-sovereign issuers and corporate clients across a broad spectrum of industries including financial services, energy, manufacturing, mining and natural resources, transport and TMT.
Jacqueline has worked on various debt securities offerings (including corporate bonds, green bonds, sovereign bonds, convertible and exchangeable bonds, high-yield bonds, ORB retail bonds and mini-bonds), EMTN programmes, CP and CD programmes, and structured notes. She has also advised on liability management transactions (including consent solicitations and tender offers) and securities law compliance matters (including continuing disclosure obligations and market abuse regulations).
Jacqueline is a thought leader in the area of green bonds and sustainable financings, and is a regular author/commentator and panel speaker. She has also been active in dealing with issues arising from the transition from LIBOR to risk free rates.
Jacqueline graduated from Cambridge University with an MA (Cantab) in Law and an LL.M. (Commercial Law).
Practice Area
Panel
- Contributing Author
Qualified Year
- 2007
Membership
- International Capital Markets Association
Qualifications
- 2006 Master of Arts
- 2005 Master of Laws (LL.M.)
- 2003 Bachelor of Arts (Honours)
Education
- 2004–2005 University of Cambridge
- 2003–2004 Oxford Institute of Legal Practice
- 2000–2003 University of Cambridge
2 Contributions by Jacqueline Heng
PRACTICE NOTES
Green Bonds: Legal Structures, ICMA Principles, EU Taxonomy and EU Green Bond Standard, Assurance, Reporting, Indices and Exchanges, Market Trends, ‘Greenium’, Sustainability-Linked and Transition Bonds, Blockchain and Digital Issuance
What does this Practice Note cover?
Green bonds are a natural financing route for issuers with a funding or refinancing need for a green project. An issuer that plans to deploy the proceeds towards environmentally friendly programmes—for instance, lowering the carbon footprint or waste arising from day‑to‑day business—can access the market and also demonstrate its commitment to sustainability. Green bonds can appeal to both issuers and investors when the ecological objectives and commercial considerations are properly balanced. This Practice Note covers:
What are green bonds?
Types of green bonds
Green Bond Principles
Assurance
How green is green?
Market developments
Next frontier and trends
For the latest news and key developments in sustainable finance (including green bonds), see Practice Notes: Sustainable finance—recent news and Sustainable finance and ESG—timeline.
What are green bonds?
Green bonds are debt issuances in which the proceeds are ring‑fenced and used exclusively to finance or re‑finance, in whole or in part, new and/or existing projects that further environmentally sustainable activities. They have traditionally been issued by multilateral lenders such as the World Bank, the African Development Bank and the European Investment Bank. However, many...
Banking & Finance
PRACTICE NOTES
Sustainability-Linked Bonds: ICMA Sustainability-Linked Bond Principles, KPI/SPT Calibration, Bond Features, Reporting and Verification, plus European Regulatory and Market Developments
What does this Practice Note cover?
This Practice Note explains what a sustainability-linked bond (SLB) is, outlines the Sustainability-linked Bond Principles (SLBPs) issued by the International Capital Market Association (ICMA), and how they operate. It also explores the outlook for SLBs. For the latest updates and major developments in sustainable finance (including SLBs), see Practice Notes: Sustainable finance—recent news and Sustainable finance and ESG—timeline. For an introductory overview of sustainable finance, see Practice Note: Introductory guide to sustainable finance and ESG for finance lawyers.
What are sustainability-linked bonds?
SLBs are bonds where the proceeds are not earmarked for green or sustainable projects (unlike ‘use of proceeds’ green or sustainability bonds) and are intended for general corporate purposes. Instead, SLBs are tied to performance against specified key performance indicators (the KPIs) aimed at meeting pre-defined sustainability performance targets (SPTs). Depending on whether those targets are met, certain bond terms may change (for example, a coupon ratchet). In doing so, issuers make an explicit commitment to deliver improved sustainability outcomes within a set timeframe. SLBs are forward-looking, performance-based instruments. They are designed to complement green bonds and should enable more issuers to access the...
Banking & Finance
If you expected to see yourself on this page, click here.
