In the rapidly changing economic climate, financing via the debt capital markets has become more prominent as a cost-effective alternative to traditional debt raising, with issuers now able to obtain more favourable terms from lenders. This brings new opportunities as well as new challenges for market participants.
Our debt capital markets (“DCM”) team works closely with banks, corporates, sovereigns and supranationals across a wide range of DCM products, including:
- Investment grade issues
- Emerging markets issues
- High yield
- Regulatory capital issues
- Debt issuance programmes
- Liability management transactions
- Private placements
Our team of DCM experts, comprising experienced partners and associates, advises both issuers and managers on complex and innovative debt capital markets transactions in developed and emerging markets.
We consistently receive positive feedback from clients praising the team for its hands-on approach from partners and its ability to provide timely, cost-effective expert legal advice on a broad range of DCM transactions.
WESTERN POWER DISTRIBUTION
Advising Western Power Distribution on the update of its £6 billion EMTN programme and issue of €500 million 3.530% Fixed Rate Senior Notes due 2028 and €500 million 3.949% Fixed Rate Senior Notes due 2032 thereunder
GLANBIA CO-OPERATIVE SOCIETY
Advising Glanbia Co-operative Society on its issue of €250 million 1.875% Secured Exchangeable Notes due 2027, exchangeable into ordinary shares in the share capital of Glanbia plc
Advising the Dealers on the annual updates of DNB Bank's €45 billion EMTN programme and the Managers on DNB Bank's issuances thereunder, including its recent €1.25 billion 3.125% Fixed-to-Floating Rate Green Senior Preferred Notes due 2027, JPY9
Advising Royal Mail on its issue of €550 million 1.250% Guaranteed Notes due 2026
Advising Amcor on the establishment of its €1.25 billion Guaranteed ECP programme
Advising the Dealers on the annual update and maintenance of QNB Finansbank's US$5 billion GMTN programme and the Managers on QNB Finansbank's issuances thereunder, including its recent US$500 million 6.875% Notes due 2024 and US$150 million 6.875% Senior Notes due 2024
Insights and updates
Patrick is a senior finance practitioner with more than 20 years’ experience advising financial institutions and corporates on a broad range of complex financing transactions. He heads our debt capital markets and securitisation practice in Australia and is widely recognised as a leading lawyer in his field.
Gabrielle is a U.S. Finance Lawyer specialising in leverage and acquisition finance with a particular focus on debt capital markets, cross-border public and private financings and restructurings. Gabrielle leads the London Corporate and Leveraged Finance Team.