Debt Capital Markets
Our global debt capital markets team has unparalleled international experience of structuring and executing the largest, most innovative and complex debt transactions anywhere in the world.
In this edition of our annual note, we provide a high-level summary of some of the topics we expect to be on the agenda for mainstream debt issuance from January 2022.
With the end of the Brexit transition period getting ever closer, we provide an overview of what DCM market participants need to know for transactions from January 2021. In this three-page publication we outline the key legal and documentary issues to be considered by transaction parties in relation to wholesale debt offerings, along with some potential areas of future divergence to consider as a DCM market participant.
The transition away from the London Interbank Offered Rate (LIBOR) and other IBORs is unlike any previous regulatory reform – underpinning loans, debt and derivatives contracts estimated at $350 trillion globally, its scale is potentially larger, it will involve a great number of granular moving parts and is technically challenging.
The new regime established by the Prospectus Regulation (EU 2017/1129) applies in full across the EU from 21 July 2019. The aim of the Regulation is to achieve greater harmonisation of prospectus rules throughout the European Union.
An increasing public awareness of climate change, coupled with the realisation that government action alone will be insufficient to tackle the climate crisis, has led to a growing focus on mobilising private finance to effect climate action. This has seen the green and sustainable bond market expand considerably over 2019, with continued growth predicted.
