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Admiralty Harbour is a credit-focused financial services firm based in Hong Kong
Mr. Patrick Liu is the co-founder and CEO of Admiralty Harbour Financial Group.
Mr. Liu was Managing Director, Co-head of Asia Debt Capital Markets at UBS Investment Bank where he worked for seven years and made his name as Asia’s top debt banker. Prior to UBS, he worked in DCM teams at Merrill Lynch and Credit Suisse, and also in Singapore and Beijing with corporate finance, credit lending and non-performing loans experience. Managing a professional team of 28 with overall debt product responsibilities for the bank in Asia, Mr. Liu built UBS as the top High Yield debt house in Asia and a major debt capital market player for China in both onshore and offshore bond markets.
As one of the most experienced China DCM bankers, Mr. Liu has managed more than 300 DCM transactions. He was behind almost all milestone transactions in China international debt capital markets: the first China incorporated SOE USD bond (Sinochem); the first China EUR bond (CNOOC); the first Chinese bank 144A preference shares (ICBC); the first financial leasing company USD bond (ICBC Leasing); the first asset management company int’l bond (China Cinda); the first Chinese CHF bond (CCB Asia); the first Asia CCC-rated junk bond (Hopson); the first A-share issuer High Yield bond (Oceanwide) etc.
Mr. Liu has led-executed the majority of Chinese property sector debut high yield bond offerings and helped many private sector issuers to make access to international capital market. UBS was consistently ranked top in Chinese high yield bond underwriter for years. He also involved in private placement and structured financing deals.
In liability management space, his achievements include the first Chinese issuer cash tender (Nine Dragons); the multi-tranches high yield bond exchange offer for Greentown (on the back of takeover by CCCC); cash tender with exit consent for Hidili Industry; consent solicitation for Fosun Int’l, Oceanwide Holdings, and Anton Oil; the first successful High Yield Bond restructuring for Chinese listed company (Winsways).
Mr. Liu used to work at Corporate Finance Team of PricewaterhouseCoopers in Singapore and 2 state financial institutions in Beijing, China, having rich experiences in Chinese enterprises financings, M&A, credit loans and bad assets disposition.
Mr. Liu graduated from National University of Singapore with MBA degree and Xi’an Jiaotong University with BA degree.
A native Mandarin speaker and fluent in English, Mr. Liu is a frequent financial media speaker in Asia. He also provides training on Asia DCM topics to senior executives at corporates, banks and regulators in China.