With a wide range of experience spanning domestic and international debt issues, note programmes, and sustainable finance instruments, the debt capital markets practice at Pérez-Llorca regularly acts for a diverse roster of banks, investment funds, and listed companies. The team is jointly led by Yolanda Azanza, who has built a strong market reputation advising on bond issuances and commercial paper programmes, and securitisation specialist Carlos Pérez Dávila. Santiago Bertola typically advises on transactions involving mortgage-backed debt securities and corporate bonds.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- ‘The capital markets department at Pérez-Llorca, headed by Yolanda Azanza, has always provided us with exceptional service. They have in-depth knowledge of the sector, are experts in preparing the necessary documentation, and handle negotiations with other banks and regulatory bodies. They assist you from start to finish with complete availability.'
- ‘The main difference is the involvement of the partner, Yolanda Azanza, in every aspect and detail of the transaction, from beginning to end.'
- ‘The team has a great capacity for response, flexibility and adaptability to solve complex problems typical of the field of structured finance.’
- ‘We worked with Pérez-Llorca on our last securitisation issue, and as always, when we've partnered with them for any transaction, their work has been impeccable. Their knowledge of European regulations, and in particular those of the Spanish regulator, makes the process much easier.'
- ‘We have always worked with Carlos Pérez Dávila and his team (mainly with Santiago Bertola), and we can only highlight positive qualities, for their work and great knowledge about the securitisation sector in Spain and Europe.’
Key clients
- ABANCA
- CaixaBank
- Banco Santander and Santander Consumer Finance
- Société Générale
- Obrascón Huarte Laín
- Financiera El Corte Inglés
- European Investment Fund
- Goldman Sachs
- Mizuho
- BNP Paribas
Work highlights
Acted as counsel to Banco Santander, S.A. as Arranger, and a syndicate of banks as Dealers, on the update of Endesa, S.A.’s €5bn SDG 13 Euro-Commercial Paper Programme listed on AIAF (the Spanish fixed-income regulated market).
Acted as counsel to the Managers (ABANCA Corporación Bancaria, S.A., Banco Bilbao Vizcaya Argentaria, S.A., Banco de Sabadell, S.A., Banco Santander, S.A., Crédit Agricole Corporate and Investment Bank and HSBC Continental Europe) in connection with the issuance of €500m 3.296% sustainable bonds due 30 April 2031 by the Comunidad Autónoma de Galicia.
Acted as counsel to the managers (Banco Bilbao Vizcaya Argentaria, BofA Securities Europe SA, Natixis and Société Générale) in connection with the issuance of €300m Fixed-to-Reset Green Ordinary Senior Notes (Senior Preferred) by Unicaja Banco.
Lawyers
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Leading associates
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Practice head
Yolanda Azanza; Carlos Pérez Dávila
Other key lawyers
Santiago Bertola