We advise banks, corporates and other financial institutions on a wide range of debt capital markets, derivatives and structured products.  In particular, we advise on:

• Eurobonds, securitisations, high-yield bonds, project bonds and CDOs
• All derivatives documentation (both vanilla derivatives products and agreements and bespoke documentation) and includes:
  - the 1992 ISDA Master Agreement and Schedule
  - the 2002 ISDA Master Agreement and Schedule
  - the Credit Support Annex and Credit Support Deed
  - Master Confirmation Agreements and Confirmations
  - GMSLA (Global Master Securities Lending Agreement) 2000
  - GMRA (Global Master Repurchase Agreement) 2000
  - MRA (Master Repurchase Agreement) 1996
• An extensive range of credit, equity, commodity, property and other asset linked securities (including notes and warrants)
• The establishment of commodity derivative indices
• Synthetic exposure to various financing transactions (for example, through credit derivatives and through pass through structures)
• All types of credit linked products including single name, first to default, portfolio, 'knock-out', LCDS, Interest Only and CDS on CDO products
• Fund linked products and securities including CPPI swaps and CPPI notes

Relevant experience:

Capital Markets includes advising:

• Deutsche Bank and FSA (the monoline) on an issue of £350 million index-linked bonds in respect of the refurbishment and upgrade of Mansfield Hospital
• HSBC and MBIA (the monoline) on an issue of £190 million RPI index-linked bonds in respect of the refurbishment and upgrade of the North Staffs Hospital
• Northumbrian Water on a £260 million securitisation of receivables under a water resources operating agreement
• FIG LLC (Duncannon CRE CDO I) in relation to its debt Euro-denominated CRE CDO transaction in an amount of €810 million
• Enterprise Inns and Unique Pubs on a £750 million - £1 billion securitisation and refinancing in respect of the Enterprise Inns/Unique Pub Group
• The Wellcome Trust on its debut issuance of £550,000,000 fixed rate guaranteed bonds on a second guaranteed bond issue in an amount of up to £350 million

Capital Markets – Derivatives includes advising:

• Deutsche Bank AG, London Branch on numerous repackaging transactions fir the Global Principal Finance and Global Rates Desks and Deutsche Bank – pursuant to a number of programmes
• A major UK bank in relation to OTC derivatives documentation
• Deutsche Bank AG, London Branch on a suite of complex commodity derivative indices
• The Central Bank of Norway in relation to all its OTC derivatives documentation including its more complex credit, equity and commodity derivatives documentation
• Allied Irish Banks, plc in relation to its OTC derivatives documentation, including bespoke hedging transactions backing structured finance transactions
• National Grid plc in relation to all its OTC derivatives documentation, including its more complex emissions and gas trading transactions