Debt capital markets

Gain insights into the intricate landscape of Debt Capital Markets with our practical guidance resources tailored for legal practitioners. Enhance your expertise in advising clients on regulatory compliance, structuring deals, and managing risk. Access essential tools and up-to-date analysis to navigate the evolving market with confidence.

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Clearing and settlement of debt securities Credit ratings Debt capital markets and securities finance—cross border guides Debt capital markets: trustees Debt securities documentation EU and UK regulatory issues—debt capital markets ICMA developments Islamic finance Issuing debt securities Key features of debt capital markets Key parties in debt capital markets Listing debt securities Selling restrictions Types of debt securities US regulatory issues—debt capital markets

Latest Banking & Finance News

Banking and Finance weekly highlights—17 July 2025

Banking and Finance weekly highlights—17 July 2025

The following Banking & Finance news provides comprehensive and up to date legal information on Banking and Finance weekly highlights—17 July 2025

ESMA defers changes to disclosure framework for private securitisations

ESMA defers changes to disclosure framework for private securitisations
ISDA launches Notices Hub and protocol to streamline delivery of critical notices

ISDA launches Notices Hub and protocol to streamline delivery of critical notices
AFME responds to UK government's ten-year financial services strategy at Mansion House

AFME responds to UK government's ten-year financial services strategy at Mansion House

Featured Banking & Finance content

Receivables purchase transactions: invoice discounting and factoring

Receivables purchase transactions: invoice discounting and factoring

Invoice discounting and factoringThe popularity of financing business through the invoice discounting and factoring of receivables has grown...

Foreign exchange (FX) derivatives

Foreign exchange (FX) derivatives

Foreign exchange (FX) derivativesWhat is a FX derivative?A foreign exchange (FX) derivative is a type of derivative whose payoff depends on the FX...

Types of debt securities

Types of debt securities

Types of debt securitiesWhat are debt securities?In the context of the debt capital markets, the term 'debt security' means a financial instrument,...

An introduction to repo and the Global Master Repurchase Agreement (GMRA)

An introduction to repo and the Global Master Repurchase Agreement (GMRA)

An introduction to repo and the Global Master Repurchase Agreement (GMRA)Coronavirus (COVID-19): This Practice Note contains information on subjects...

Practice notes

Offtake contracts—key issues for project finance lenders

Offtake contracts—key issues for project finance lendersMost projects are underpinned by a complex web of contractual relationships between all the...
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30th May
Q&As

What is the banker’s right of set-off?

What is the banker’s right of set-off?The banker’s right of set-off refers to the right of a bank to combine two or more of a customer’s accounts held...
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Produced in partnership with Richard Hanke of 3 Verulam Buildings (3VB)
2nd Jun
Practice notes

Pledges

PledgesA pledge is one of the four types of security recognised under English law—the types of security are described in Practice Note: Types of...
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2nd Jun
Practice notes

Key features of debentures

Key features of debenturesDebentures are used in many types of financing where it is desirable to take security over all of the assets of a particular...
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30th May
Practice notes

Overdrafts, term loans and revolving credit facilities

Overdrafts, term loans and revolving credit facilitiesThis Practice Note explains the features of three common types of loan facility:•overdrafts•term...
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2nd Jun
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Practice notes

Bilateral, syndicated and club arrangements

Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
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30th May
Practice notes

Negative pledges

Negative pledgesThis Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative...
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2nd Jun
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Practice notes

The security agent

The security agent and security trust provisionsThe security agentIn a syndicated loan transaction, the security agent (sometimes also known as the...
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30th May
Practice notes

Introductory guide to financial covenants

Common financial covenantsThis Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum...
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30th May
Practice notes

Term Loan B facilities

Term Loan B facilitiesThis Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in...
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Produced in partnership with Carlo de Vito Piscicelli of Cleary Gottlieb Steen & Hamilton and Joe Zeidner of Cadwalader, Wickersham & Taft LLP
30th May
Practice notes

What is OTC derivative contract clearing?

What is OTC derivative contract clearing?What is clearing?When an over-the-counter (OTC) derivative transaction between two counterparties is...
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2nd Jun
Practice notes

Introductory guide to asset finance

Introduction to asset financeWhat is asset finance?Asset finance is a method of providing financing for the purchase of particular tangible movable...
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30th May
Practice notes

Incremental debt flexibility or accordion features

Incremental debt flexibility or accordion featuresWhat are incremental facilities?An incremental facility is feature included in a credit agreement...
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Produced in partnership with Max Millington of Pinsent Masons
30th May
Practice notes

Selling a loan by sub-participation

Selling a loan by sub-participationSub-participation is a means by which a lender can transfer its risk in a loan to another entity. It is used in the...
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Produced in partnership with Jacqui Allen of Mandel, Katz & Brosnan LLP
2nd Jun
Practice notes

How to negotiate engagement, release and reliance letters

Tips and traps—key issues in negotiating engagement letters, release and reliance lettersIt is very common for engagement letters, release letters and...
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30th May
Practice notes

Transferring a loan by novation

Transferring a loan by novationNovation is a means by which a lender can transfer its interest in a loan to another lender.This Practice Note looks at...
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2nd Jun
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Popular documents

Role of a bond trustee

Role of a bond trusteeThis Practice Note explains the role of a bond trustee appointed under an English law trust deed.Not all bond issues involve a trustee. It is up to the issuer to decide whether to appoint a trustee or a fiscal agent—see Practice Note: Parties in an issue of debt

Issuing notes (drawdowns) under a medium term note (MTN) programme—timeline of process

Issuing notes (drawdowns) under a medium term note (MTN) programme—timeline of processIntroductionThe process for setting up a medium term note (MTN) programme is set out in Practice Note: Setting up an MTN Programme—timeline of process.This Practice Note focuses on the process for an issuance of

Debt capital market finance versus loan finance

Debt capital market finance versus loan financeWhat are the methods of raising finance?When a corporate entity needs to raise finance, it must first decide whether to carry this out by means of raising debt from creditors or by issuing shares in the equity market. This choice will be driven by a

Debt securities—what is the role of the underwriters/managers?

Debt securities—what is the role of the underwriters/managers?What does this Practice Note cover?This Practice Note outlines the role of the entities acting as underwriters or managers in an issuance of debt securities in the capital markets. It provides an overview of underwriting and managers'