Ashurst’s ‘outstanding’ practice advises a broad range of major stakeholders, including corporate issuers, global financial institutions, underwriting banks, and corporate trustees, on the full spectrum of international debt capital markets transactions, including EMTN programmes, standalone bonds, convertible bonds, hybrid instruments, and private placements. Anna Delgado and Alex Biles jointly lead the practice. The ’valued’ Delgado brings nearly two decades of experience in debt and equity-linked capital markets and is a lead partner in ESG finance and sustainability bonds. Biles, known for his ‘incredible understanding of debt capital markets’, advises on standalone bond issuances, debt issuance programmes, regulatory capital transactions, and liability management. Clients also recommend Ciaran Vinaccia, who focuses on the CLO securitisation market, and Malcolm Charles, who handles both international and domestic bond issues. Scott Chatterton is also a key member of the practice.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Anna Delgado is valued for her hands on contribution to debt capital markets transaction and experience in the market.'
‘The Ashurst debt capital markets team are outstanding business partners for our company. I am very impressed with their subject matter expertise, their understanding of our business and their collaborative approach.'
'Alex Biles is always able to quickly and calmly deal with any scenario we ask him to help with. He has an incredible understanding of debt capital markets and has advised our business on an extremely wide variety of issues. His subject matter expertise and his clear and commercially astute advice make him a great business partner for our company.'
‘The team is friendly, approachable and dynamic adopting a pragmatic approach for the resolution of legal constraints. They take the time to get to know their clients and as such are able to provide tailor-made advice suited to the specific needs of each client. They understand the constraints of their clients in terms of budgets, are transparent in terms of pitches and are able to provide competitive quotes.’
‘Alex Biles listen to our needs, understands our constraints and consistently provides pragmatic tailor-made advice, rapidly. His constant availability is much appreciated and his pleasant, good-natured personality is a real bonus for both clients and his team.’
'Ashurst’s Debt Capital Markets team consistently demonstrates exceptional expertise and commercial acumen. Their ability to navigate complex transactions efficiently, while offering strategic and pragmatic advice, has been invaluable to us. The team’s deep understanding of market trends and regulatory developments ensures they remain a trusted partner.'
Key clients
- <p>Andbank</p>
- <p>ANZ</p>
- <p>Arjun Infrastructure Partners</p>
- <p>Bank of New York Mellon</p>
- <p>Barclays</p>
- <p>BofA Securities</p>
- <p>bp</p>
- <p>BNPP</p>
- <p>Citi</p>
- <p>Commerzbank</p>
- <p>Goldman Sachs</p>
- <p>HSBC</p>
Work highlights
Acting for the Arrangers in respect of the establishment of a new FCA-approved regulatory £5,000,000,000 Covered Bond Programme for Paragon Bank PLC and the Managers in respect of the issuance of £500,000,000 Floating Rate Covered Bonds due March 2028 under the programme.
Acting for Australia and New Zealand Banking Group Limited (ANZ) on their international debt funding programmes which consist of a USD$60 billion EMTN programme, a USD$30 billion Global Covered Bond Programme, a EUR 8 billion Covered Bond Programme, and the issuance of their EUR 1 billion Fixed Rate Sustainable Development Goals Subordinated Notes.
Advised Barclays PLC, BNP Paribas, Citigroup, J.P. Morgan, and Lloyds Bank Corporate Markets plc in relation to multiple transactions, including AA Bond Co Limited's £5 billion multicurrency programme for the issuance of Class A Notes, the issuance of £435 million Sub-Class A12 Fixed Rate Class A Notes due 2031, and a tender offer for £500 million Sub-Class A2 6.269% Fixed Rate Notes due 2025.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Practice head
Anna Delgado; Alex Biles
Other key lawyers
Malcolm Charles; Helen Jones; Ciaran Vinaccia; Scott Chatterton