Ross Pennington

Ross Pennington

Ross Pennington

Partner, Auckland

Finance

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T:+64 9 357 9030

M:+64 27 442 2161

E:ross.pennington@chapmantripp.com 

Qualifications

LLM (Hons), Victoria University of Wellington

Admitted

1997, New Zealand; 2002, California

Ross is a leading capital markets, banking and structured finance lawyer. 

Ross advises on a broad range of syndicated and bilateral funding transactions, including asset-backed and other limited recourse structures. He has helped develop new markets, including the Kauri Bond market, and advises a range of local and international issuers and arrangers. He also advises on structured and vanilla derivatives transactions, documentation and related collateral arrangements.

Ross is named as a leading lawyer in legal directories IFLR1000 2016, Legal 500 Asia Pacific 2016 and Chambers Asia Pacific 2016. He is also listed in the International Who’s Who of Capital Markets Lawyers and is recognised in the Best Lawyers in New Zealand directory for Banking Law, Leveraged Buyouts and Structured Finance Law.

In 2013, he was awarded a Fellowship by the Institute of Finance Professionals New Zealand (INFINZ). Ross was awarded the New Zealand Market Achievement Award at the 2015 KangaNews Awards held in Sydney in February 2016, for his contribution to the New Zealand wholesale capital market.

Recent experience

Ross has advised:

  • registered banks, including BNZ, China Construction Bank (New Zealand) (CCB), Industrial and Commercial Bank of China (ICBC) and Kiwibank on the establishment or updating of New Zealand wholesale and retail-compliant MTN and RCD programmes and on syndicated drawdowns under those programmes
  • on syndicated and club facilities, including Fletcher Building, Ports of Auckland, Mainfreight, Sealord, Sky TV, Fisher & Paykel Finance, Sky City, Unitec, and various local authorities
  • on more than 20 retail bond issues in New Zealand (including three transactions that won INFINZ Debt Deal of the Year), including Spark, CCB, IAG, Auckland City, Manukau City, Auckland International Airport, Rabobank Nederland, Credit Agricole and Goodman Property Trust
  • large-scale development funding, project financing, asset-backed financing and export credit arrangements
  • on securitisation transactions, including Resimac on its offer of rated Residential Mortgage-Backed Securities, and Westpac as arranger and facility provider on securitisation of The Warehouse Group’s credit and store card receivables and on Avanti Finance's consumer finance securitisation programmes, Pepper/GE Finance receivables acquisition, and on structured finance transactions for local and international funds and financial institutions
  • takeover, acquisition and LBO transactions, including advising ASB as arranger and lender on financing for the takeover by Connor Healthcare of listed company Acurity Health Group, Universal Robina Corporation’s acquisition of Griffin Foods from Pacific Equity Partners, and a syndicate of banks funding Mainfreight’s acquisition of European logistics assets
  • various banks, corporates and non-bank deposit takers in relation to compliance with the Financial Markets Conduct Act 2013 and related financial services legislation, including licensing arrangements and disclosure
  • FMCA-compliant debt and derivatives programmes and offers, including related governance advice and listing/markets structures and compliance
  • numerous supranational issuers and financial institutions on establishment of New Zealand-cleared ‘Kauri bond’ programmes and on subsequent wholesale fixed and floating rate Kauri bond issues
  • local and international issuers on bank and insurance regulatory matters, including prudential supervision and capital raising, central clearing and collateral arrangements (including on-boarding), and wholesale markets matters, and
  • workout and restructuring transactions.
Debt capital markets; Finance; Financial services regulation

Services

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Banks & financial institutions; China Desk; Construction & major projects; 中国业务团队

Sectors

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