Jaclyn Yeap


Jaclyn specialises in advising issuers and underwriters on a wide range of debt capital markets transactions in Greater China and across Asia, including establishments and updates of, and drawdowns under, medium term note programmes, Reg S standalone bond issuances with credit enhancement structures such as keepwells, equity interest purchase undertakings and standby-letters of credit, bank and insurance regulatory capital instruments, LAC instruments, convertible  and exchangeable bonds, corporate hybrids, and liability management exercises.

Jaclyn is a leading expert in the green, social and sustainability bond market, having advised on numerous significant, high-profile ESG-related transactions involving market first features.

Jaclyn is admitted as a solicitor in England & Wales and in Hong Kong. She is fluent in Mandarin Chinese and English, and can conduct business meetings in Cantonese.


Representative matters

The joint lead managers and joint bookrunners on the sustainability re-linked bond offering by Bank of China Limited, London Branch, comprising USD300 million 1% notes due 2024 under Bank of China Limited’s USD40 billion MTN programme. This marks the world’s first sustainability re-linked bond issuance. This deal won Debt and equity-linked Deal of the Year, IFLR Asia-Pacific Awards 2022.

China Life Insurance (Overseas) Company Limited, Hong Kong Branch: advising the managers on its issuance of USD2bn 5.35% dated subordinated capital bonds due 2033. 
The HKSAR Government on the inaugural issuance of HKD-denominated tokenised green bond where the beneficial interests in the green bond are recorded on issue date in the tokenised securities accounts on a distributed ledger technology-based digital assets platform.

Ministry of Finance of the People’s Republic of China, the joint lead managers on Ministry of Finance of the People’s Republic of China’s offshore sovereign bond offerings for 5 consecutive years, including the Government’s first foreign currency bond offering since 2004, its first Euro-denominated bond issuance in 15 years and the largest Reg. S offering by an Asian sovereign to-date.

The joint lead managers on the issuance of USD450m 3.40% notes due 2024 by Wuhan Financial Holdings (Group) Co. Ltd.

Jaclyn is sophisticated and possesses sound understanding of legal knowledge while balancing commercial needs.
Chambers, 2024
She is professional, knowledgeable, friendly and understanding. She always has an answer for my legal queries and can always provide effective advice. She demonstrates strong leadership in leading her team in execution.
Chambers, 2024



Admitted as solicitor, Hong Kong, 2015
Admitted as solicitor, England and Wales, 2009


BA (Hons), Law, University of Cambridge, 2006


English, Chinese (Mandarin)
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.