SINGAPORE, October 27, 2026 — Duane Morris & Selvam LLP acted as English law counsel to Phillip Securities Pte. Ltd. as arranger and dealer on establishment of EICR (Cyprus) Limited’s USD 500 million Guaranteed Multicurrency Medium Term Note Programme (“Programme”), which is listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The firm also advised Phillip Securities on the first two issuances under the Programme, which together raised USD 300 million.
EICR (Cyprus) Limited is a non-operating holding company whose sole material asset is all of the issued shares of iEnergizer Limited. iEnergizer Limited and its subsidiaries, primarily in India, provide technology-enabled business process management (BPM) and digital content solutions (DCS) services to large enterprise clients across regulated and specialist industries.
Duane Morris & Selvam’s team was led by Jamie Benson, the head of the U.S. capital markets, U.S. venture capital and India practices. The deal team included Drew Salvest, partner in the London office; Natalie Stewart, partner in the London office; and Faiz Jugari, associate in the Singapore office.
The firm also acted as listing agent for the SGX-ST listing, with a team comprising Suilyn Yip, director; Li Tong Yip, senior associate; and Jacqueline Ho, associate, all based in the Singapore office.
“We are delighted to have played a key role in the establishment of the USD 500 million Guaranteed Multicurrency Medium Term Note Programme and the first two issuances under the Programme, which together raised USD 300 million” said Benson.
About Duane Morris & Selvam LLP
Duane Morris & Selvam LLP is the joint law venture between Duane Morris LLP and Selvam LLC, with its headquarters in Singapore. By way of its global platform and extensive range of legal services, the firm helps companies conduct business in and out of Asia, the United States, Latin America, the United Kingdom and beyond. In addition to the excellent skills of its lawyers, clients benefit from the cultural fluency and key relationships that the firm has developed over many years of practising law throughout the region. The firm has a presence in the key markets of Southeast Asia, including Singapore, Hanoi, Ho Chi Minh City and Yangon, as well as an office in Shanghai. Supporting these regional offices, the firm operates a series of country desks for India, Indonesia, Korea and Japan. It is regularly ranked among the region’s leading law firms by Chambers & Partners, The Legal 500 and IFLR1000.
