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Sakhi Shah

Associate

Sakhi advises on transactions across a wide range of jurisdictions and sectors.
Sakhi advises both managers and issuers on a wide range of investment grade debt capital market transactions, including programme establishments, updates and trades (for bank, insurance, corporate, supranational and sovereign issuers), standalone transactions (including senior issuances, bank and insurance regulatory capital, corporate hybrids, green bonds and sustainability-linked bonds) and liability management exercises (including tender offers and consent solicitations). 

Experience

Representative matters

European Investment Bank – acting for the managers on issuances under European Investment Bank’s Debt Issuance Programme 

Vodafone – acting for the dealers on the updates of Vodafone Group plc’s EUR30bn Euro Medium Term Note Programme and Vodafone International Financing DAC’s EUR30bn Euro Medium Term Note Programme (guaranteed by Vodafone Group plc), acting for the managers on various issuances thereunder (including subordinated corporate hybrid issuances under Vodafone Group plc’s programme), acting for the dealers on the update of Vodafone Group plc’s EUR 10bn STEP compliant Euro-Commercial Paper Programme and acting for the dealer managers on tender offers for outstanding debt 

EQT – acting for the managers on EQT AB (publ)’s sustainability-linked notes issuances, including the first sustainability-linked bond issuance in the private equity sector 

Associated British Foods – acting for the issuer on Associated British Foods plc’s GBP400m inaugural public bond issuance 

Ethias – acting for the manager on Ethias SA’s EUR250m green subordinated insurance capital issuance 

Storebrand – acting for the issuer on Storebrand Livsforsikring AS’ EUR300m green subordinated insurance capital issuance 

Ireland – acting for the arranger on the update of Ireland (acting through the National Treasury Management Agency)’s Euro Medium Term Note Programme 

International Finance Corporation – acting for the arranger on the update of International Finance Corporation’s Global Medium-Term Note Program and acting for the managers on various issuance issuances thereunder 

Volvo - acting for the dealers on the updates of Volvo Treasury AB (publ)’s U.S.$20bn Euro Medium Term Note Programme (guaranteed by AB Volvo (publ)), acting for the managers on issuances thereunder (including the use of an electronic legaltech platform to work on issuances) and acting for the dealers on the update of Volvo Treasury AB's (publ) EUR2bn 500m Euro-Commercial Paper Programme (guaranteed by AB Volvo (publ)) 

Svenska Handelsbanken – acting for dealers on the updates of Svenska Handelsbanken AB (publ)’s USD50bn Euro Medium Term Note Programme and acting for the managers on tier 2, senior non-preferred and senior preferred issuances (including green bond issuances) thereunder 

Swedbank - acting for the dealers on the updates of Swedbank AB (publ)’s USD15bn Medium Term Note Programme, advising the managers on English law on RegS/144A issuances thereunder and acting for the managers on Swedbank AB (publ)’s standalone USD650m additional tier 1 contingent convertible issuance 

Phoenix – acting for the dealers on the update of Phoenix Group Holdings plc’s GBP5bn Euro Medium Term Note Programme and acting for the managers on a tier 2 issuance thereunder 

Pension Insurance Corporation – acting for the updates of Pension Insurance Corporation plc’s GBP3bn Euro Medium Term Note Programme and acting for the managers on a tier 2 issuance thereunder 

Kvika Bank – acting for the dealers on the establishment and updates of Kvika banki hf.’s EUR750m Euro Medium Term Note Programme 

Marks and Spencer – acting for the issuer on tender offers for outstanding debt 

Eurobank – acting for the issuers on the updates of Eurobank Ergasias Services and Holdings S.A., Eurobank S.A.’s EUR5bn Programme for the Issuance of Debt Instruments and for various senior and subordinated bank capital issuances thereunder 

Sampo / If P&C – acting for the issuers on the updates of Sampo plc and If P&C Insurance Holding Ltd (publ)’s EUR4bn 500m Euro Medium Term Note Programme 

Zürcher Kantonalbank – acting for the managers on novel bail-in issuances in euros 

International Distributions Services – acting for the managers on International Distributions Services plc’s senior standalone issuances (each guaranteed by Royal Mail Group Limited) 

Elia – acting for the managers on Elia Group SA/NV’s EUR500m standalone subordinated corporate hybrid issuance

Pro bono

Legal Advice Clinics – acting as a qualified advisor supporting advice at free legal clinics. 

Smart Start - mentoring young people through the firm’s award-winning Smart Start programme. 

Qualifications

Admissions

England & Wales, 2019 
India, 2018 

Academic

B.A. LL.B (Hons), National Law School of India University, 2017
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.