Capital Markets

Our capital markets team has played a role in the main public share offerings and rights issues, providing legal support to issuers, underwriters and financial advisers in different sectors and regulatory environments. We have extensive experience in advising on cross border offers, and on issuance and placement of hybrid and convertible instruments. The team has also been involved in the most significant takeover bids in the Portuguese market, advising prominent offerors, target companies and shareholders. With a multidisciplinary approach, the capital markets team works seamlessly with other colleagues to draw on PLMJ’s experience in related areas, including mergers and acquisitions, regulatory, tax and restructuring.

With regard to DCM work, we represent the most active issuers in the Portuguese and international markets in Eurobond issuances, EMTN programmes and ECP programmes. We also handle domestic sovereign debt issuances and issuances for international placement. The team has worked on liability management operations, exchange offers and high-yield bond issuances. In the wake of the recent sovereign debt and banking crises, we have advised bond market investors on some of the largest restructuring transactions carried out in Portugal, some of them in the context of bank resolutions.

Our team has played a central role in some of the most innovative structured debt and securitisation operations in Portugal, and we have contributed to the development of legal technology in this field. One highlight is the work we have done in transactions involving all types of underlying assets, for public and private placement.

Our knowledge of capital markets regulatory matters, in parallel with our transactional work, is what sets this team apart. We advise the leading market players on matters relating to governance of listed companies, derivatives and compliance involving issues of transparency, disclosure of information and market abuse.