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.

新闻与透视

Publications: 23 MARCH 2020

新冠疫情下合同及交易的风险解析与应对

应对 新冠疫情已经成为全球企业的首要任务。在中国国内疫情有所缓解,但境外形势日趋严峻的时期,本所律师从合同履行、公司治理、并购、首次公开发行、融资等各个方面,结合中国客户的实际情况,为客户分析新冠疫情带来的问题和挑战。

阅读更多