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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

News: 22 APRIL 2021

Allen & Overy nel bond di Anima Holding

Allen & Overy ha assistito gli istituti finanziari joint bookrunners nel collocamento di un prestito obbligazionario senior unsecured per un importo nominale di 300 milioni di euro e scadenza a sette…

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5g telecommunication towers

News: 19 APRIL 2021

Allen & Overy nel bond da 500 milioni di euro di INWIT

Infrastrutture Wireless Italiane S.p.A. (INWIT) ha effettuato il collocamento di un prestito obbligazionario per un importo nominale di 500 milioni di euro e scadenza a dieci anni (19 aprile 2031). Si…

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News: 16 APRIL 2021

Allen & Overy con FCA Bank nel bond da 850 milioni di euro

FCA Bank, con l’assistenza di Allen & Overy, ha annunciato il collocamento di un prestito obbligazionario per un importo nominale di 850 milioni di euro e scadenza a tre anni (16 aprile 2024).

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blue and orange night time shot of a cityscape

Publications: 26 MARCH 2021

Allen & Overy nel programma di commercial paper e cambiali finanziarie di Intesa Sanpaolo da 30 miliardi

Allen & Overy ha assistito Intesa Sanpaolo S.p.A. nel primo programma di commercial paper multiprodotto realizzato da una banca italiana che consente di emettere sia Euro-commercial paper (ECP) e…

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