Debt Capital Markets 

When you are planning a new debt issue or re-shaping your funding mix, you need clear options and a team that can move quickly. We help issuers structure, document and execute debt capital markets transactions with confidence.

Devonshires has supported issuers in the debt capital markets since 2008. Over that time we have seen how transactions really work in practice – what can hold them up, what investors expect and how banks approach risk. We bring that experience to each matter so you can focus on the decisions that matter most.

Our Services

We advise on both retail and wholesale bond transactions. If you are developing a bond programme or planning a tap issuance, retained bond sale or buy-back, we will guide you through each step and ensure compliance with ongoing disclosure obligations. Our team supports issuers and investors requiring knowledgeable experts in capital markets.

We work with you on:

• private placements
• bond issues and tap issues
• EMTN programme establishment
• Sustainability-linked Bonds, Green Bonds and Social Bonds
• retained bond sales
• consent solicitations
• forward purchase agreements

Alongside transaction work, we help you stay on top of your ongoing responsibilities as an issuer. This includes advising on the Market Abuse Regulation, Prospectus Regulation and the Disclosure and Transparency Rules, as well as other obligations relevant to the Main Market and International Securities Market. We explain what these regimes mean in practice for your organisation, so your board, executive and operations team can act with clarity.

Because funding rarely sits in isolation, our banking expertise is closely connected with our specialist property security team. You get one joined-up view across your funding and security, not separate conversations that you have to knit together.

We track developing guidance from bodies such as the Investment Association and ICMA and share early insight on where expectations may be moving. That means you hear about potential changes in good time, with a clear view of how they could affect your documentation, disclosure or investor relations.

Chambers and Partners and Legal 500 regularly recognise our team for its capability in capital markets law and related dcm finance work. Whether you are updating a programme, planning a new issue or managing issuer disclosures, we provide clear, measured advice that helps you stay ahead.