Capital Markets: Debt
Asia-Pacific Guide 2024 : Australia
Band 2
Email address
[email protected]Contact number
+61 2 9230 4000About
Provided by Allens
Allens capital markets team is focused on debt, equity, hybrid and derivatives work and is active in:
- structuring securities for issue in domestic and international markets
- capital management activities such as buy backs, capital reductions and share sale facilities
- corporate governance
- trading systems for capital markets instruments
- regulating the conduct of capital markets players
We lead in the areas including:
- advising issuers and lead managers in large public offerings and placements
- establishing funds
- listing warrants
- hybrids and structured securities.
Our expert knowledge helps us create novel solutions, whether through new financial instruments or creative use of existing products.
We have a leading capital markets practice, with broad experience advising issuers and underwriters on IPOs, placements, rights issues, tier 1 capital raisings, hybrids, structured products and stapled securities and advised on some of Australia's most recent, and largest capital markets matters, demonstrating our strength as one of the leading equity capital markets practices in Australia.
The strength of our debt capital markets practice is evidenced by our strategic relationships with Australia's largest corporates and banks. We have experience in bank and corporate funding as well as in global capital markets for Australian banks and corporations trading in those markets.
Chambers Review
Allens maintains a strong reputation for its broad-ranging capital markets capabilities and works with a number of blue-chip clients, investment banks and other major financial institutions on significant ECM transactions including high-value block trades, IPOs and secondary offerings. The firm also possesses an impressive DCM practice working on a number of hybrid note issuances and US private placements. Allens handles matters involving offshore markets utilising the firm's cross-border expertise and its alliance with Linklaters. The team can draw on its significant regulatory expertise to advise arrangers and issuers, including institutional banks, on APRA guidelines. Its notable clients include Macquarie, Westpac and Bank of America.
Work Highlights
- Allens advised Macquarie Capital and UBS Securities Australia on ANZ's AUD3.5 billion rights issue to partially fund the acquisition of Suncorp Bank.
- The firm also acted for CSL and its subsidiary finance vehicle on its USD4 billion bond issuance, which was split across six tranches and undertaken to partially fund its acquisition of Vifor Pharma.
Strengths
Provided by Chambers
"Their ability to provide strategic solutions for challenging structures is one of the reasons we choose to work with this firm. They are strong on both legal and commercial aspects."
"They are really easy to work with as they are clear in their responses and advice."
"Their ability to provide strategic solutions for challenging structures is one of the reasons we choose to work with this firm. They are strong on both legal and commercial aspects."
"They are really easy to work with as they are clear in their responses and advice."
Notable Practitioners
James Darcy is noted for his DCM expertise and often acts for corporates and financial institutions in relation to MTN programmes and bond issues.
"James provides excellent service, and his quality of advice is on point. He is extremely reliable and balanced between commercial and legal components."
Julian Donnan is an established figure in the ECM space with experience assisting clients with IPOs, SPPs and placements.
"Julian is a very experienced capital markets lawyer. He relates very well to clients and is a good negotiator. He is an excellent practitioner."
Robert Pick advises clients on a variety of ECM matters, including capital raisings, issuance, SPPs and hybrid securities matters.
"Robert is excellent. He is very commercial, manages issues well and is very thorough in his advice."
Benjamin Downie is noted for his experience on securitisation and structured finance matters and often acts for financial institutions in relation to the establishment of securitisation programmes.