Skip to content

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.

PD III – the Prospectus Regulation

The Prospectus Regulation, known as PD III, is intended to improve the functioning of the internal capital markets and guarantee investor protection. Whilst PD III is now in application, it remains to be seen whether the intended enhancements will achieve these aims.

News & insights

Staff working in a huge warehouse

News: 02 AUGUST 2021

Allen & Overy conseille Alderan sur la structuration du fonds VADORA

Allen & Overy a conseillé Alderan, société de gestion spécialisée dans l’investissement immobilier tertiaire, dans le cadre de la structuration du fonds VADORA, 1er Club Deal immobilier privé…

Lire la suite

News: 27 JULY 2021

Allen & Overy sur la structuration du fonds BNP Paribas European Infrastructure Debt Fund II

Allen & Overy a conseillé BNP Paribas Asset Management (BNPP AM) dans le cadre de la structuration de son fonds BNP Paribas European Infrastructure Debt Fund II (Infra Debt II), un fonds…

Lire la suite
A row of encyclopedias

News: 16 JULY 2021

Allen & Overy sur les émissions de dettes subordonnées d’1,75 milliard d’euros de la Macif

Allen & Overy sur les émissions de dettes subordonnées d’1,75 milliard d’euros de la Macif dans le cadre du financement de l’acquisition d’Aviva France.

Lire la suite
Aerial view of lush green grass and shrubs

News: 14 JUNE 2021

Allen & Overy conseille Gecina sur la requalification en Green Bonds de l’intégralité de son portefeuille obligataire

Allen & Overy Paris a conseillé Gecina, première foncière de bureaux en Europe, premier parc résidentiel privé parisien et premier acteur intégré français de résidences pour étudiants, dans le cadre…

Lire la suite