Cleary Gottlieb Wins Debt & Equity-Linked Deal of the Year at IFLR Asia-Pacific Awards 2025

Cleary Gottlieb won Debt & Equity-linked Deal of the Year at the IFLR Asia-Pacific Awards 2025.

The winning deal was JD Group convertible bond. The May 2024 bond offer by Chinese insurer JD Group is the first convertible bond deal with concurrent share repurchases using proceeds from the issuance by a US-Hong Kong dual-listed Chinese technology company. This $2 billion bond issuance is also the first filing with the China Securities Regulatory Commission (CSRC) regarding its overseas securities issuance since the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Enterprises came into effect.

Decided by an internal panel of judges, the IFLR Asia-Pacific Awards 2025 focus exclusively on celebrating the most exciting legal innovation in cross-border transactions that reached financial close in 2024.

Learn more about this year’s awards here.