Ling Yan Pang

Senior Associate

Banking and Finance

Home Our People Ling Yan Pang

Profile

As a senior associate in the Auckland office, Ling Yan specialises in debt capital markets and structured finance, in particular securitisations and covered bonds. Her recent work highlights include acting for Argosy Property as issuer of the first green bond by a New Zealand corporate and acting for the arrangers on the 2019 note issuance out of Resimac's RMBS programme. She also regularly advises on warehouse securitisations of mortgages and other receivables, and has advised four of New Zealand's largest banks on the Reserve Bank of New Zealand's proposed residential mortgage backed securitisation standard.

Ling Yan advises corporates and financial institutions on financial services regulation, such as the Financial Markets Conduct Act 2013, the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008. 

Experience

Ling Yan has advised both New Zealand and international clients on a broad range of transactions, including:

  • Acting for the arrangers (including BNZ and Westpac) on the 2019, 2017 and 2014 note issuances out of Resimac's RMBS programme.
  • Acting for Argosy Property as issuer of the first green bond by a New Zealand corporate.
  • Acting for the New Zealand Local Government Funding Agency on the establishment of its A$2bn debt programme.
  • Acting for ANZ, ASB, BNZ and Westpac on the joint submission on the Reserve Bank's proposed RMBS structure for registered banks.
  • Acting for ASB on its UK listed covered bonds programme and issuances under the programme.
  • Acting on warehouse securitisations, residential mortgage backed securitisation issuances and on covered bonds programmes listed on the London Stock Exchange and the Irish Stock Exchange, including Towd Point Mortgage Funding 2017-Auburn 11 £1 billion issuance and TSB Bank plc's covered bond programme.
  • Acting for the purchaser on the acquisition of a £13bn portfolio of mortgage loans and other loan assets of Northern Rock Asset Management.
  • Acting for ASB and CBA Commonwealth Bank of Australia on their retail Tier 2 issue.
  • Acting as arranger or issuer counsel on both listed and unlisted debt capital markets issuances.
  • Advising the New Zealand Bankers' Association on their submissions on the Trusts Bill.

Credentials

LLB (Hons), BSc, University of Auckland

Professional

Ling Yan joined Russell McVeagh as a graduate. She worked at Linklaters LLP in London as an associate and managing associate in the structured finance group before returning to Russell McVeagh in 2017. 

Ling Yan is a contributor to the New Zealand chapter in Chambers and Partners 2019 Global Practice Guide to Securitisation.

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