Capital Markets: Debt | Global

The firm has a market-leading practice with considerable prowess in ECM, DCM and structured finance deals. The law firm has a wide offering in the DCM space, including green and hybrid bonds, retail bonds and issuances under EMTN programmes, with additional expertise in covered bonds and securitisation. The firm also offers expertise in IPOs, tender offers, listings and buy-backs. The team's impressive client portfolio of both Italian and international financial entities includes private credit institutions, as well as underwriters. The law firm often acts for arrangers or asset management companies. The firm's notable global network is well equipped to handle cross-border matters, with particular ability in those involving US and UK components. On 1st May 2024, Allen & Overy and Shearman & Sterling merged to form A&O Shearman.

Clifford Chance has a highly reputed full-service capital markets offering encompassing debt, equity and structured finance. The law firm is skilled at handling the full gamut of DCM mandates, including social bonds, green bonds and sustainability-linked bonds, and hybrid, Yankee and government bonds. The team is also experienced in all sorts of equity-related mandates, such as capital increases, IPOs and share deals. Clifford Chance has a strong offering in securitisation, particularly in connection with synthetic securitisations and non-performing receivables. The highly respected law firm is able to advise clients on UK, US and Italian law. Its impressive cross-border capabilities enable the team to represent global financial institutions, and its strong internal ties provide notable assistance in tax.

White & Case is an impressive international firm displaying distinct prowess in equity as well as debt capital market transactions, stretching from IPOs, capital increases and accelerated bookbuild offerings to EMTN programmes, sustainability-linked issues and Yankee bonds. The team has a very strong focus on high-yield products. It is also frequently seen advising on structured finance matters involving real estate finance, securitisation transactions and restructurings. The law firm boasts outstanding cross-border capabilities, offering additional advice on UK and US law, bolstered by its global network. The team's clients come from a variety of sectors including banking and private equity.

Chiomenti is a widely reputed national law firm with a broad capital markets practice covering equity and debt, as well as structured finance. The team is very well suited to handle NPL portfolio transactions in the context of complex securitisation. The law firm is also skilled at assisting with green, hybrid and covered bonds, EMTN programmes and other DCM mandates as well as IPOs, voluntary tender offers and share capital transactions. Chiomenti offers UK law capabilities thanks to its London office, and clients benefit from the firm's full-service offering, with tax partners frequently seen acting on complex capital markets transactions.

Legance is a strong Italian firm that is well equipped to handle DCM, securitisation and equity-related capital markets mandates. The law firm's broad offering includes high-yield transactions, green bond issues and securitisation of non-performing receivables and EMTN programmes, as well as IPOs, rights issues and voluntary tender offers. The team advises a mix of domestic and international banks as well as financial institutions, both issuers and investors.

Linklaters provides a strong and wide-ranging capital markets practice with offerings in ECM, DCM and structured finance. The expert team shows considerable prowess in connection with IPOs, capital increases, share buy-backs and rights issues, as well as securitisation transactions, NPL deals and covered bond programmes. The law firm also advises on debt mandates such as sustainability-linked and green bonds and EMTN programmes. It is also able to assist with different facets of deals, with notable activity representing arrangers and global coordinators. Linklaters' impressive international offering is bolstered by the firm's far-reaching global network.

BonelliErede has a strong team that is well suited to advise on the whole range of capital markets deals, and which has notable expertise across debt, equity and securitisation matters. The team is also skilled at handling derivatives mandates. The law firm handles a broad range of matters, including green and sustainability-linked bonds, covered bond programmes and non-convertible bonds, in addition to advice on capital increases, IPOs and NPL securitisations.

Dentons is highly regarded for its activity in DCM. The law firm has a broad practice that encompasses social, green and sustainability-linked bonds, EMTN programmes, government bonds and other debt instruments. It is also active on securitisation mandates and structured finance. The team advises a mix of national and international banks, as well as state-owned holding companies. It also fields highly regarded lawyers in ECM, particularly IPOs, and equity-related corporate activity.

Gianni & Origoni is a national firm covering the full spectrum of capital market transactions, from equity-related mandates to DCM and structured finance deals. The law firm combines a strong offering in IPOs and capital increases with experience in convertible bonds, EMTN programmes, sustainability-linked bonds and other debt instruments. The team is also adept at assisting with the securitisation of various assets, including real estate assets and non-performing receivables. Gianni & Origoni's international reach is strengthened by strong associations with independent law firms worldwide. The law firm offers UK law capabilities with dual-qualified lawyers and strong ties to its dedicated office in London.

Orrick, Herrington & Sutcliffe has a solid reputation in the securitisation arena with particular prowess in large NPL-related mandates, acting on behalf of arrangers or originators. The law firm has further strength in DCM matters, including mini bonds, and social and green bonds. The experienced team also advises on EMTN and covered bond programmes.