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Sub practice
Sub practice

Debt Capital Markets

Allen & Overy has debt capital markets (DCM) experts in all the key financial centres worldwide, thereby providing our clients with international expertise, local knowledge and all-round market insight on cross-border and domestic transactions.

We advise issuers and underwriters on the full spectrum of debt capital market transactions, including standalone bonds and debt programmes, tier 1 and hybrid capital, equity-linked instruments, liability management, private placements, warrants, high yield and Islamic structures.

We have been instrumental in nearly all the major developments in the modern financial markets, starting with the first ever eurobond issue in the 1960s. Of the most recent developments, we have a particular track record in liability management, regulatory capital and capital raisings for financial institutions, debt issues by emerging markets issuers, sovereign debt offerings and we have been involved in numerous landmark transactions since the development of the offshore RMB market. Our excellence is reflected through our top tier position in all major legal directories, Thomson Reuters and Bloomberg debt legal adviser league tables and numerous independent market surveys and awards.

In addition to our DCM team in New York, we provide our clients with one of the deepest and most sophisticated U.S. practices on the ground in EMEA and Asia. Our team advises on the U.S. aspects of all debt capital market transactions, including SEC-registered offerings, Rule 144A and Regulation S offerings, high-yield offerings and convertible bonds. The team is further complemented by experts in U.S. tax, U.S. financial regulation and U.S. bankruptcy/restructuring.

News & insights

Allen & Overy assists Eurofins in recent equity and debt capital market transactions

News: 22 MAY 2020

A&O assists Eurofins in recent equity and debt capital market transactions

Allen & Overy has advised Eurofins Scientific (Eurofins) on a successful fundraising through the issuance of new shares and a bond issuance. 

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Publications: 19 MAY 2020

Covid-19 coronavirus update: Bank of England Covid Corporate Financing Facility (CCFF)

The CCFF is one of the major support measures announced by HM Treasury.  The others include the Coronavirus Business Interruption Loan Scheme and the Coronavirus Large Business Interruption Loan…

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Allen & Overy advises the Republic of Indonesia and PT Hutama Karya (Persero) on its debut bond offering under its new global MTN program

News: 12 MAY 2020

Allen & Overy advises the Republic of Indonesia and PT Hutama Karya (Persero) on its debut bond offering under its new global MTN program

Allen & Overy has advised PT Hutama Karya (Persero) (Hutama Karya), an Indonesian state-owned enterprise, and the Republic of Indonesia on the establishment of Hutama Karya's USD1.5 billion Global…

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Allen & Overy announces new global Banking and Corporate practice leaders

News: 07 MAY 2020

Allen & Overy wins International Law Firm of the Year at the IFLR Asia-Pacific Awards 2020

Allen & Overy has won awards across six categories at the International Financial Law Review (IFLR) Asia-Pacific  Awards 2020, which celebrate legally innovative cross-border transactions closed in…

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Our online services

Equity Linked Instruments

Equity Linked Instruments

Allen & Overy’s Equity Linked online service provides clients with access to guidance on issuing equity-linked instruments. It is updated regularly to reflect changes in underlying principles of equity-linked issuance in various jurisdictions and other market
developments. 

For more information or to arrange a demonstration, please contact your usual Allen & Overy relationship contact or email: eql@allenovery.com
 

 
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Euro-Commercial Paper

Euro-Commercial Paper

Allen & Overy’s Euro-Commercial Paper website summarises some currency-related, selling and other restrictions (such as central bank consents, management and notification requirements, etc.) incidental to the issue of debt instruments under ECP programmes. Where possible, a sample selling restriction for sales to professional investors in the country of the currency is also included. 

For more information or to arrange a demonstration, please contact your usual Allen & Overy relationship contact or email: ecp@allenovery.com

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Medium Term Notes

Medium Term Notes

Allen & Overy’s Medium Term Notes website is an online guide that leverages the firm’s decades of expertise in advising on MTN programmes. It summarises currency-related, selling and certain other restrictions incidental to the issue of debt instruments under MTN programmes in over 40 key jurisdictions. 

For more information or to arrange a demonstration, please contact your usual Allen & Overy relationship contact or email: mtn@allenovery.com

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Prospectus Directive

Prospectus Directive

Allen & Overy’s Prospectus Directive website is an online guide that provides clients with access to legislation and A&O guidance on the PD and its implementation. It sets out key concepts found in the PD, provides advice on the impact of the PD on listing different types of security and provides details of PD implementation in EEA member states. In addition, it sets out the latest position in relation to the implementation of the PD Amending Directive in member states and the developments flowing from the further work of the Commission and ESMA.

For more information or to arrange a demonstration, please contact your usual Allen & Overy relationship contact or email: prd@allenovery.com

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Transparency Directive

Transparency Directive

Allen & Overy’s Transparency Directive website is an online guide that provides clients with access to legislation and A&O guidance on the TD and its implementation. It sets out key concepts found in the TD, provides advice on the impact of the TD on listing different types of security and provides details of the implementation of the TD in EEA member states.

For more information or to arrange a demonstration, please contact your usual Allen & Overy relationship contact or email: trd@allenovery.com

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