Capital Markets
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.
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 offering
- 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.
Quotes 2023
Chambers Global & Europe Capital markets : Debt Capital markets : Structured finance | CMS is particularly highly regarded for its debt and structured finance expertise. The law firm assists with the drafting of German or English law-governed security agreements. The team advises issuers or arrangers and dealers on a range of transactions involving Euro PPs, green bonds, the issuance of covered bonds and the establishment of EMTN programmes. The practice offers further experience in trade receivables securitisation, leveraging close ties with offices in the network to advise major French and international banks. |
Legal 500 EMEA Capital markets : Debt capital markets | The Paris debt and capital markets team at international law firm CMS Francis Lefebvre brings strength to high-value cross-border transactions involving major financial institutions, real estate investment trust companies, insurers, asset managers and corporates in such sectors as logistics and healthcare. Euro private placement market expert Marc-Etienne Sébire heads the practice, which assists with matters ranging from EMTN programmes and covered bonds to hybrid securities and liability management. Other key figures include Rosetta Ferrère, who has expertise in structured bond issues and debt restructuring, and senior associates Yaël Fitoussi and Myriam Issad. |
Legal experts for Capital Markets
Explore more
Local market knowledge. Global outlook
We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.
About CMS