Capital Markets

Our Capital Markets practice includes experts in both debt and equity capital markets who have acted on the most high-profile and complex capital markets transactions in Romania in recent years, as well as regulatory work.

Debt Capital Markets

Our Debt Capital Markets practice has extensive experience advising both issuers and arrangers on all aspects of capital markets work and we have deep insights into the latest trends and developments in DCM.

Our lawyers are known for being innovative, for creating benchmarks in the marketplace and, most importantly, for providing clients with commercially viable structures in increasingly regulated international markets.

We advise corporate and financial institution players in the financial markets on the full range of domestic and cross-border transactions. Our clients rely on us for the depth and breadth of our expertise, our intellectual rigour and our track record of finding the right solutions to complete the transactions we work on.

Our lawyers’ experience of advising on some of the most complex and high profile debt offerings is invaluable at a time when companies are in desperate need of alternative sources of funding. These include high-yield bonds, now emerging as an essential part of the mix in debt capital markets, banking and leveraged finance, and in restructuring corporate debt.

Equity Capital Markets

Our lawyers have the knowledge and expertise to structure and execute large and complex equity capital markets transactions as well as the relationships that count when regulatory issues arise.

As well as our extensive experience in capital markets, in both equity and debt, you will also benefit from our unique international expertise and knowledge of capital markets.

Investment banks and corporate clients alike need lawyers with the technical expertise and the practical know-how to help them develop innovative and unique structures in this field. Our lawyers advise on the full spectrum of equity and equity-linked instruments, including IPOs, rights issues, secondary offerings as well as convertible and exchangeable bond issues, enabling us to help clients put their ideas into practice.

Transactions

UniCredit Leasing Corporation on the bond issue aiming to attract EUR 300 million on international markets
Raiffeisen Bank and Wood & Company Financial Services as managers on the intermediation of MedLife’s IPO, the largest private IPO in Romania at the time
Electrica on its IPO (issuer’s counsel) on the Bucharest Stock Exchange and on the London Stock Exchange. This is the largest IPO on the Romanian market to date.
Deutsche Bank, Raiffeisen Bank International and J.P. Morgan, as Joint Lead Managers and Deutsche Trustee Company Limited, as Trustee on the issuance by NEPI of EUR 400 million high yield bonds
J.P. Morgan on the issuance by Cable Communications Systems (CCS) of EUR 450 million senior secured notes guaranteed by the operational company RCS & RDS, a leading provider of pay TV services in core markets Romania and Hungary. This is the largest Romanian corporate bonds issuance to date.
Romanian Ministry of Public Finance for the establishment of an up to 7 billion Euro MTN programme and the inaugural transaction of EUR 1.5 billion
Barclays Bank PLC as arranger for Alpha Bank Romania on the first mortgage bonds issue programme in Romania with a value of EUR 1 billion
Purcari Wineries Public Company Limited on its IPO and admission to trading on the Bucharest Stock Exchange
Wood & Company and Raiffeisen Bank as joint bookrunners on the IPO of Sphera Franchise Group, the holding entity of KFC and Pizza Hut
Autonom Services, the most important independent player on the operational leasing and rent-a-car markets in Romania, on the first issue of corporate bonds
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Recognition

  • The capital markets team at RTPR is one of the best options you can get for this type of legal advisory in Romania. They know the law, international standards, business needs and are able to advise effectively.
    Legal 500 2020
  • Excellent team of professionals. They have deep legal expertise, business-minded approach and understanding of the client's needs. They are one of our two top choices for Romania in the fields of equity capital markets.
    IFLR1000 2020, Capital markets: equity
  • The services provided by the law firm were highly professional, covering multiple areas of the legislation applicable to this type of transaction. RTPR worked with us on an unprecedented transaction in the Romanian market and the Romanian legislation had not been implemented until the establishment of the programme.
    IFLR1000 2020, Capital markets: structured finance and securitisation
  • The team is intuitive in the sense that the lawyers sense what our priorities are and what things they should pay attention to,” says one client, going on to praise the lawyers' “knowledge of both the local and the international regime and standards.
    Chambers Europe 2019
  • Tier 1 - Capital Markets practice in Romania
    IFLR1000 2020, 2019, 2018, 2017, 2016, 2015
  • Tier 1 - Capital Markets practice in Romania
    Legal 500 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011

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