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.
You are using an outdated browser. Please upgrade your browser to improve your experience.
The recent outbreak of the novel coronavirus (“COVID-19”) has caused disruption globally. Governments in affected regions have imposed a series of containment and other measures, including lockdowns, international travel restrictions or quarantine measures on travellers to and from areas affected by COVID-19 and unprecedented ‘work from home’ arrangements in affected regions.
The COVID-19 outbreak is affecting the way in which business is conducted, and bondholder meetings are no exception. The UK Government has prohibited, among other things, public gatherings of more than two people, subject to only limited exceptions.
Our Cross-Border Liability Management and U.S. Federal Securities Law Series provides an overview of U.S. federal securities law considerations in liability management transactions for the debt securities of non-U.S. issuers and the frequently used structures and features that comply with applicable U.S. laws and regulations.
As 2020 starts in earnest our “back-to-school” publication provides an update of some of the key themes likely to impact wholesale debt issuance in the year ahead, including the Prospectus Regulation, interest rate reform, EU updates to bank prudential rules, green and sustainable finance and Brexit.
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.