The Capital Markets team advises issuers (public and private), financial institutions and other participants on all types of capital markets transactions, including in relation to equity and equity-linked products, debt offerings and derivatives.
With more than 85 years of experience, CMS Bureau Francis Lefebvre has been providing legal advice and assistance around the world from its offices located in Europe and through its CMS network (France, Germany, Italy, United Kingdom, Russia, Austria, Belgium, the Netherlands, Poland, Czech Republic, Croatia, Spain, Hungary, Serbia, Montenegro, Slovakia, Switzerland, Ukraine), in South America (Argentina, Brazil, Uruguay), in Africa (Morocco), in Asia (China).
Our Practice areas
Our team advises issuers, financial institutions and other participants on all types of capital markets transactions:
Equity and equity-linked products;
- initial public offerings
- secondary offerings
- convertible and exchangeable bonds
- preference shares
- certificates
- warrants
Debt offerings
- plain-vanilla and structured bonds
- Euro Medium Term Notes (EMTN) programmes
- hybrid instruments (including Tier 1 and Tier 2 for financial institutions and insurance companies)
- covered bonds
- obligations foncières
- obligations de financement de l'habitat
- high yield
- commercial paper programmes (including French law titres de créance négociables)
- debt restructuring
- liability management transactions
Derivatives
- advice and assistance to clients on the regulation applicable to derivative instruments
- structuring and documenting transactions, including for equity derivatives (including structured financing, hedging and monetization transactions involving forwards, options and swaps)
- drafting and negotiating ISDA and FBF master agreements
- securities lending and repo transactions
- credit derivatives
The members of the Capital Markets team have been working for a long time with regulators such as the Autorité des marchés financiers, the Autorité de contrôle prudentiel, the Banque de France, NYSE Euronext and Euroclear France, allowing an optimal and smooth treatment of the transactions by such authorities.
Our approach
- A great reactivity, very often essential for market transactions
- Synergy of expertise: we call upon the skills of other experts in the firm to ensure that the matters to which we are entrusted are dealt with in the best possible manner and that every transaction is fully covered
- Ability to deal with complex issues: our team works on innovative cross-border transactions along with our CMS network partners as necessary, including on US and English law aspects
- Innovative, customised solutions: attentive to our clients, we respond in the best possible way to their present and future needs