20 July 2026
Clifford Chance advises Deutsche Bank and BNP Paribas on Philippine Airlines’ landmark US$300 million high-yield bond offering
Advising firms
Deal team
6 lawyers named| Lawyer | Firm | Seniority | Practice | Office |
|---|---|---|---|---|
| Alan Yeung Lead | Clifford Chance | Partner | Not stated | Hong Kong |
| Stephanie Liman | Clifford Chance | Counsel | Not stated | Singapore |
| Valerie Chan | Clifford Chance | Associate | Not stated | Hong Kong |
| Cameron McGauchie | Clifford Chance | Trainee | Not stated | Hong Kong |
| Emily Wicker | Clifford Chance | Partner | airline industry | New York |
| Avrohom Gelber | Clifford Chance | Partner | US tax | New York |
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Stated terms
- Stated value
- USD 300m (US$300 million)
- What the figure measures
- Issue size
- Client
- Deutsche Bank and BNP ParibasUnderwriters
- Counterparties
- Primero Agila Limited (Issuer)
Philippine Airlines, Inc. (Issuer)
Air Philippines Corporation (Issuer)