Borui Xiao

• USD 700M leveraged loan for Baring Asia Private Equity
  -Collaborated closely with FIG team to underwrite a term loan package through >6x leverage, to finance Baring’s acquisition of Vistra and Orangefield
  -Drafted the sales memo and provided daily market and trading comps update for the client to identify the optimal market window

• USD 700M leveraged loan for Baring Asia Private Equity
  -Collaborated closely with FIG team to underwrite a term loan package through >6x leverage, including USD 515M 1st Lien Term Loan and USD 185M 2nd Lien Term Loan to finance Baring’s acquisition of Vistra and Orangefield
  -Drafted the sales memo and provided daily market and trading comps update for the client to identify the optimal market window
• USD ~400M CNH hybrid offering for a leading wind power generating company
  -Prepared pitching documents for the offering of ~USD 400 million CNH perpetual securities which will be the first offshore
  corporate perpetual securities
  -Performed credit comps and trading comps analysis as well as new issue concession analysis to help syndicate with pricing; built an operating model of the issuer; performed offshore liquidity analysis and industry trend analysis for capital committee