English law Debt Capital Markets

English law Debt Capital Markets

{537593D2-6FDB-4E4F-B37B-D54FD3EB6164}

Our team of DCM experts advises issuers (corporate, financial institutions and sovereigns), managers, trustees and agents on the full range of DCM products, including:

Standalone eurobonds
Debt issuance programmes (EMTN and ECP)
Liability management and bond restructuring
Regulatory and hybrid capital
Islamic structures (Sukuk)
ESG issuances
Private placements
Investment grade issuances
Emerging markets issuances
Regulation S and 144A transactions
Continuing obligations (bonds)
Equity-linked bonds (convertible and exchanges)
Corporate trustee and agency services

Our DCM team has considerable experience and expertise across both developed and emerging markets which is critical in finding novel and efficient solutions. Our lawyers are trusted advisers capable of navigating and overcoming the challenges of cross-border transactions and volatile markets.

With Dentons' unique global footprint, we can provide local, English and US securities law expertise in more than 80 jurisdictions, more than any other firm. Our significant track record includes advising on international bond transactions across the UK, Europe, Africa, the Middle East, Turkey and the CIS.

Awards and Accolades

"Very close and no-nonsense cooperation with clients. Availability of senior partners, together with the competence and expertise of associates. Timely deliverables and good visibility of the process. Always came up with required solutions and were very professional in dealing with other parties, even when disagreements arose. It is a joy to work with them."
- Legal 500 UK 2023

"The team is very well versed in DCM, they have experts on every topic, can share relevant context for every issue and can drive things to a pragmatic and acceptable solution."
- Legal 500 UK 2024

Local Currency Bond Deal of the Year – First Abu Dhabi Bank's Reg S 3-year AED1.3 billion green Sukuk – Bonds, Loans and Sukuk Middle East Awards 2024

Liability Management Deal of the Year – Majid Al Futtaim's USD500 million Sukuk & Fixed Price Tender Offer of May 2024 Notes – Bonds, Loans and Sukuk Middle East Awards 2024

Hybrid Deal of the Year – Energy Development Oman's US$1 billion hybrid Ijarah-Tawarruq Sukuk – Islamic Finance News Deals of the Year Awards 2024

Corporate Bond Deal of the Year – Majid Al Futtaim's US$500 million 7.875% Subordinated Perpetual NC5.25 Green Bond – Bonds, Loans & Sukuk Middle East Awards 2023

Experience

Admiral: Advising the joint bookrunners, the new issue trustee and the dealer managers on the issue by Admiral of £250 million 8.500% Subordinated Notes due 2034 and on an any-and-all cash tender offer to the holders of its £200 million 5.500% Subordinated Notes due 2024. Press release.
airBaltic: Advising the Latvian national airline on the successful Rule 144A/Regulation S senior secured bond issue of €340 million 14.50% bonds due in 2029. This was the largest corporate bond issue originating from Latvia and the first Baltic corporate bond issued internationally since 2022. Press release.
Republic of Lithuania: Advising the Republic on updating its Euro Medium Term Note Programme and the successful issuance of €1.5 billion 3.5% Notes due 2034 under the updated Programme. The update of the Programme allows the Republic of Lithuania greater flexibility in accessing the international debt market, meaning it is able to respond quickly to advantageous market conditions. Press release.
CPI Property Group (CPI): Advising CPI, the leading owner of income-generating real estate in the Czech Republic, Germany and the Central and Eastern Europe (CEE) region, on the maintenance of, and updates regarding, its €8 billion EMTN programme and drawdowns thereunder, including advising CPI on its debut sustainability-linked bond issuance of €700 million 1.750% bonds due 2030. Press release.
Silknet JSC: Advising one of the leading convergent telecommunications operators in Georgia on its issuance of Reg S/Rule 144A US$300 million bond issuance and tender offer for its existing US$200 million high yield notes due 2024 in Q1 2022. Press release.
MAF Global: Advising the joint lead managers on the US$500 million Reset Subordinated Perpetual Notes issuance of MAF Global Securities Limited and the tender offer for its US$500 million Reset Subordinated Perpetual Notes. Press release.
Isle of Man Treasury: Advising the joint lead managers on a successful £400 million sustainability bond issue by the Isle of Man Treasury. The bonds have a semi-annual coupon of 1.625% and mature in 2051. HSBC also acted as the sole ESG structuring agent. This is the first sustainability bond issue by the Isle of Man and is an exceptionally rare debt issue from one of the UK's crown dependencies. Press release.
ČEZ, A.S.: Advising a syndicate of banks on a debut sustainability-linked €600 million 2.375% bond issue by ČEZ due 2027. This was the first ever euro sustainability-linked bond issuance by an investment-grade utility company in Central and Eastern Europe. Press release.
Commercial Bank of Dubai: Advising Commercial Bank of Dubai on its issue of US$600 million Perpetual Additional Tier 1 Capital Securities. Press release.
Wizz Air Plc: Advising the dealers on the establishment of Wizz Air's €3 billion EMTN programme and subsequent programme updates and drawdowns, and the syndicate of underwriters, including BNP Paribas and J.P. Morgan, on the second successful issue by Wizz Air of €500 million 1.000% Fixed Rate Guaranteed Notes due 2026. Press release.
RELX: Advising the syndicate of underwriters and the trustee on the issue by RELX of €850 million 3.375% Guaranteed Notes due 2033. The Notes were issued by RELX Finance B.V. and guaranteed by RELX PLC. RELX intends to use the proceeds of the bonds for general corporate purposes. The deal represents the fifth time Dentons has been appointed English law counsel to the underwriters on a bond issue by RELX. Press release.
Hurricane Energy plc: Advising Hurricane, the AIM-listed oil exploration and exploitation company, on its ground-breaking proposed Part 26A restructuring plan with the holders of Hurricane's US$230 million 7.50% Convertible Bonds due 2022 and the subsequent invitation by Hurricane GLA Limited to the holders of Hurricane's US$230 million 7.50% Convertible Bonds due 2022 to tender their Notes for purchase. Press release.
First Abu Dhabi Bank (FAB): Advising on its issuance of US$600 million 4.375% Notes due 2028, US$500 million certificates due 2028, the update of its US$5 billion trust certificate issuance programme, as well as the annual update of its EMTN and sukuk programmes in 2022 and 2023.
Islamic Development Bank (IsDB): Advising on the issuance of US$2 billion trust certificates under its US$25 billion trust certificate issuance programme. Press release.
LIBOR transition: Advising various clients on consent solicitations in relation to LIBOR transition. Press release.

Recognition

Dentons wins two awards at the Bonds, Loans & Sukuk Middle East Awards 2022

June 9, 2022

Dentons' Banking and Finance team has advised on two award-winning deals in the Bonds, Loans & Sukuk Middle East Awards 2022, announced last night at the awards ceremony at the Madinat Jumeirah, Dubai. These awards recognise the most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers.

Dentons' role in Seven Energy's restructuring recognised at IFLR Sub-Saharan Africa Awards 2020

September 21, 2020

Dentons' role in Seven Energy's debt restructuring and acquisition by Savannah Petroleum was recognised at the inaugural IFLR Sub-Saharan Africa Awards 2020. The acquisition and restructuring of Nigerian gas producer Seven Energy by UK-listed oil and gas company Savannah Petroleum in 2019 was awarded Deal of the Year at the awards.

Insights

Dentons DCM Quick Guide to Cornerstone and Anchor Investors

November 13, 2024

United Kingdom: In building a strong orderbook for a new bond issue, underwriting banks may wish to draw upon interest from certain large investors, including investors who may have an existing relationship with the issuer, or development banks or other public international bodies with a mandate to support entities such as the issuer.

Dentons DCM Quick Guide Checklist for a Debut Bond Issuer

July 8, 2024

United Kingdom: A corporate considering issuing bonds in the international debt capital markets for the first time will face a range of new processes, need to make a number of third-party appointments, and will have to promptly take numerous structuring and marketing decisions. This article provides a concise checklist of the key considerations for a debut issuer of a senior, unsecured bond governed by English law in the international wholesale debt capital markets.

Dentons DCM Quick Guide to MAR issues in DCM transactions

February 12, 2024

United Kingdom: The Dentons DCM team present a Quick Guide to common MAR issues in DCM transactions.

View all insights for English law Debt Capital Markets

News and Events

Recent Press Releases

Dentons advises Šiaulių bankas on its €300 million bond issuance

March 31, 2025

Dentons has advised Lithuania's Šiaulių bankas on a €300 million senior preferred notes issuance. This latest issuance comes after its inaugural international bond issuance and its first-in-jurisdiction additional tier 1 notes issuance in 2024.

Dentons advises the Republic of Lithuania on its first significant engagement with the public international debt markets this year

January 29, 2025

Dentons has advised the Republic of Lithuania on the issuance of two euro-denominated benchmark bonds under its Euro Medium Term Note Programme.

Dentons advises the Islamic Development Bank on sukuk issuance

October 28, 2024

Dentons has advised the Islamic Development Bank (IsDB) on the issuance of US$1.25 billion trust certificates under its US$25 billion trust certificate issuance programme.

View all press releases for English law Debt Capital Markets

{{contact.firstName}} {{contact.lastName}} {{contact.jobTitle}}, {{location.office}} {{location.office}} {{location.telNo? location.telNoTitle+' '+location.telNo:''}} {{location.mobileNo? location.mobileNoTitle+' '+location.mobileNo:''}}
Email me

{{contact.emailMeAddress}}

Keep in touch

{{suggestionHead.categoryName}}

{{suggestionHead.categoryName}}

{{BCKData.LocationHeading}}

{{headerData.hamburgerPrimaryFeatureHeading}}

{{tile.title}}

{{headerData.hamburgerSecondaryFeatureHeading}}

{{tile.title}}

English law Debt Capital Markets

English law Debt Capital Markets

Awards and Accolades

Experience

Recognition

Dentons wins two awards at the Bonds, Loans & Sukuk Middle East Awards 2022

Dentons' role in Seven Energy's restructuring recognised at IFLR Sub-Saharan Africa Awards 2020

Insights

Dentons DCM Quick Guide to Cornerstone and Anchor Investors

Dentons DCM Quick Guide Checklist for a Debut Bond Issuer

Dentons DCM Quick Guide to MAR issues in DCM transactions

News and Events

Recent Press Releases

Dentons advises Šiaulių bankas on its €300 million bond issuance

Dentons advises the Republic of Lithuania on its first significant engagement with the public international debt markets this year

Dentons advises the Islamic Development Bank on sukuk issuance

Share

How can the world's largest global law firm help you today ?

Contact us or find an office in your location.

Important Notice