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Jonathan Heeringa

Partner

Jonathan is Managing Partner of the Netherlands and is experienced in both debt capital markets and asset-backed financing transactions. Jonathan has published articles on the European securitisations and co-authored part of The Banking Regulation Guide 2022 (Thomson Reuters, Practical Law) and regularly lectures for the postgraduate course Grotius.

Jonathan advises across the spectrum of debt capital markets, including convertible and exchangeable bond issues, debt programmes and drawdowns, liability management transactions (exchange offers and tender offers), securitisations and covered bond issues. He has a particular interest in corporate hybrid issues, regulatory capital issues by banks and insurance companies and ESG bonds (green/sustainable bonds and sustainability-linked bonds). 

Jonathan has been ranked as a Debt Capital Markets Band 1 lawyer by Chambers, Legal 500 and IFLR1000. “Jonathan Heeringa is one of the top choices for both issuers and lead managers for high-value hybrid bond issuances and EMTN programmes” Chambers 2022.

Experience

Representative matters

EUR300m: Dutch insurance group ASR’s Restricted Tier 1 issue.

USD800m: Aegon’s SEC-registered 30NC10 Solvency II compliant Tier 2 issue (first SEC registered Solvency II compliant tier 2).

EUR200m: NIBC Bank’s inaugural AT1 issue.

EUR500m: Alliander’s refinancing of a corporate hybrid bond.

KPN on a tender offer for EUR1bn outstanding notes and a new notes issue of EUR1.25 bn.

The joint lead managers on the USD575m Tier 2 notes issuance by VIVAT.

Credit Europe Bank on its EUR150m Tier 2 notes issuance.

A global financial institution on its divestment of a portfolio of non-performing loans to Attestor.

FrieslandCampina on the establishment of its EUR1bn Euro Commercial Paper Programme.

The joint lead managers on up to appr. 20 separate issues annually by Nederlandse Waterschapsbank under its EMTN Programme.

ING and the other joint lead managers on two separate issues by ING Groep of Tier 2 Notes, listed on Euronext Amsterdam.

A multinational telecommunications company and group companies on two issues of high yield notes.

A global financial institution and other joint lead managers on the EUR1bn Additional Tier 1 Note issue by ABN AMRO.

Royal Ahold Delhaize on the establishment of its EUR1bn Euro Commercial Paper Programme.

Royal Ahold Delhaize on its inaugural issue of EUR750m 0.875% Notes due September 2024, listed on Euronext Amsterdam.

RNTS Media on the issue by it of EUR50m 5% Senior Convertible Bonds, listed on the Frankfurter Freiverkehr Market.

Wolters Kluwer on the issue by it of EUR500m 1.500 per cent. notes due 2027, listed on the Luxembourg Stock Exchange.]

Published Work

  • Author of eAlert “EBA publishes its advice on a European framework for qualifying securitisation”.
  • Author of article “Liability Management” in the 2012 anniversary book for the Dutch Financial Law Society (Vereniging voor Financieel Recht).
  • Co-author of a section in Banking Regulation Guide 2022 (Thomson Reuters’ Practical Law).
Recognition
Jonathan Heeringa offers strong customer service. He is very experienced and has a lot of knowledge, which is always helpful for the smooth execution of what you're doing
Chambers Global, 2024
Jonathan Heeringa is very knowledgeable, reliable, flexible, no-nonsense, and a pleasure to work with
Chambers Global, 2023

Qualifications

Admissions

Admitted as advocaat, Netherlands, 2003

Listed in the register of legal practice areas of the Dutch Bar Association for Financieel recht

Languages

English, Dutch
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.