Debt Capital Markets

We have been a leading legal adviser to participants in the international capital markets since their inception. Today our practice ranges from "plain vanilla" bond issues to highly structured products. Our work encompasses:

  • stand-alone debt issues
  • debt programmes (including commercial paper and MTNs)
  • equity-linked and credit-linked issues
  • high-yield bonds
  • repackagings

We frequently work with the lawyers in our Financial Regulation group on capital raising exercises for financial institutions. The broad expertise of our financing lawyers makes us particularly suited to highly complex, structured transactions.

Partner Contacts

Slaughter and May 'goes from strength to strength as a leader on the issuer side for both corporates and financial institutions', and has 'superb technical knowledge and real commercial acumen'. The Legal 500, 2015

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Our key experience includes advising:

Abbey National Treasury Services plc on the establishment of US$5 billion SEC Registered US Shelf Facility, and on its issue of US$1.5 billion fixed rate senior notes and US$1 billion floating rate senior notes under it.

Banco Santander on its issue of US$2.8 billion 6.75% mandatorily exchangeable bonds due 2013. The bonds are exchangeable for a 5% stake in Banco Santander Brasil.

British Airways on its issue of £350 million 5.8% senior unsecured convertible bonds.

Government of Romania on its issue of EUR1 billion 5% notes due 2015.

Hong Kong Monetary Authority on the establishment of the Hong Kong Government's Hong Kong dollar Retail Bond Issuance Programme, and on the first issuance under the programme comprising up to HK$10 billion in principal amount of inflation-linked 'iBonds' due 2014.