For an overview of raising debt finance by issuing eurobonds, including an explanation of different types of bonds and key parties to a bond issue, see:
For resources on the UK and EU prospectus regime and information on the content requirements for prospectuses and listing particulars, see:
Practice note, UK Prospectus Regulation, for an overview of the retained EU law version of the EU Prospectus Regulation 2017/1129 (UK Prospectus Regulation).
For information on listing debt securities and the listing process, see:
Practice note, Listing debt securities: overview for an overview of listing requirements for bonds, notes and other debt securities in different jurisdictions, including the Cayman Islands, Germany, Ireland, Luxembourg, the United Kingdom and the United States.
For an overview of credit ratings, how they work and the rating agencies' procedures and categories, see Practice note, Credit ratings.
Regulation of UK debt capital markets
UK Prospectus regime
Practice note, UK Prospectus Regulation, for an overview of the retained EU law version of the EU Prospectus Regulation 2017/1129 (UK Prospectus Regulation).
Practice note, UK Market Abuse Regulation (UK MAR), for an overview of the retained EU law version of the Market Abuse Regulation (596/2014) (UK MAR) that has applied in the UK from the end of the Brexit transition period.
For a note on the execution of deeds and documents which includes specimen execution clauses for various legal entities and which reflects the law on execution from 1 October 2009, see Practice note, Execution of deeds and documents.
For an overview on unregistered offerings of securities under Regulation S of the Securities Act of 1933, as amended, made by issuers and subsequent holders of the securities, see Practical Law US, Practice note, Regulation S Transactions.
For a multi-jurisdictional guide to capital markets transactions, see Capital Markets Global Guide: Debt. The guide provides country-specific Q&As on the law and practice for debt capital markets in each of the jurisdictions listed.
Insolvency
The potential implications of insolvency law should be recognised when advising on debt capital markets transactions. For an introduction to the aims of and background to corporate insolvency law, together with a brief overview of the various insolvency procedures available, see Practice note, Corporate insolvency: a guide.
PL resources on debt capital markets include practice notes, standard documents with drafting notes, checklists, current awareness legal updates and articles. These can be found on the following debt capital markets topic pages:
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