Arnold & Porter stands out for its sovereign finance expertise and regularly advises states around the world in connection with bond issuances, liability management transactions, derivative operations, and refinancings. The group is particularly strong in Central and South America, with its representation of the Republic of Brazil in relation to the government’s inaugural sustainable bond issuance a recent highlight for the group. Teresa Johnson in San Francisco leads the team alongside Michael Penney and Christopher Peterson, who are based in New York. Whitney Debevoise and Gregory Harrington play key roles in the team; Debevoise is noted particularly for his experience in sovereign restructurings, while Harrington has a strong track record handling debt and equity offerings in Latin America.

Cleary Gottlieb Steen & Hamilton’s remains at the forefront of the global offerings space and offers a comprehensive service to both corporate and sovereign clients, with the group especially well known for its representations of Latin American and Caribbean sovereign issuers. Recent highlights for the group include its representation of the Republic of Paraguay in connection with its $500m and PYG3.64tn bond offerings, with the latter transaction Paraguay’s first Guaranies-denominated debt offering on the international capital markets. Jeffrey Karpf handles a wide range of public and private debt and equity offerings for investment banks and issuers. Jorge Juantorena and Francesca Odell stand out for their strong presence in Latin America, with Odell known particularly for her work for major Brazilian corporates. Adam Fleisher’s varied practice spans IPOs as well as convertible bond and and rights offerings, both on the issuer and underwriter side. David Lopez and Duane McLaughlin are also key contacts in the practice.

Clifford Chance’s global capital markets practice is particularly well known for its expertise when it comes to Latin American and Caribbean debt offerings. Jonathan Zonis has considerable experience handling cross-border debt and equity offerings for underwriters as well as issuers in the banking, energy, manufacturing, real estate, and telecoms sectors, among others. He chairs the group alongside Hugo Triaca, whose varied practice spans high-yield, investment-grade, and hybrid securities offerings, as well as liability management transactions. Andrés Berry and Joyce Moore focus on Latin American transactions.

Cooley LLP‘s broad ECM expertise spans IPOs, follow-on offerings, and ADS offerings, with the group standing out particularly when it comes to IPOs by European issuers. With a strong presence in the key capital markets hubs of New York, Chicago, Boston, and California, the group is well placed to advise clients in the tech, e-commerce, and healthcare/life sciences sectors in particular. Charlie Kim in San Diego is especially strong when it comes to biotech and life sciences IPOs. He chairs the group alongside David Peinsipp in San Francisco, whose varied practice spans IPOs, follow-on offerings, and 144A offerings, among other matters. Div Gupta in New York boasts a blue-chip client roster that includes major healthcare and life sciences companies as well as leading investment banks; he regularly handles IPOs, follow-on offerings, and ADS offerings. Palo Alto’s Eric Jensen is noted for advising high-growth tech, consumer, and life sciences companies as well as investment banks. Boston-based Marc Recht has a strong track record working for European-based issuers in the life sciences space.

Cravath, Swaine & Moore LLP’s capital markets team in New York remains a leader in the global debt offerings space and offers expertise spanning investment-grade, high-yield, and convertible notes offerings, among other kinds. The team also has capabilities on the equity side, recently handling common stock and secondary share offerings for major international clients. The team maintains strong ties with issuers and underwriters operating in Canada and Europe in particular, including in the energy, aviation, telecoms, auto, and transport sectors. Craig Arcella’s varied practice sees him assist financial institutions and corporate clients with investment-grade offerings and liability management transactions, among other matters. Andrew Pitts has considerable experience in traditional capital raising transactions as well as in relation to convertible securities and liability management. The two partners lead the group alongside William Fogg. Nicholas Dorsey is noted for his work for startup and early-stage companies as well as venture capital firms, while Douglas Dolan has a strong track record handling offerings by Canadian issuers.

Davis Polk & Wardwell LLP’s global capital markets practice offers a comprehensive service to corporate and sovereign clients as well as underwriting banks in connection with a broad range of high-value debt and equity transactions. With ten offices worldwide the group’s coverage spans the Americas, Europe, and Asia. Recent highlights for the group include advising the Republic of Peru on its $4.7bn Sol-denominated issuance. Maurice Blanco, dividing his time between the firm’s São Paulo and New York offices, regularly advises clients on Brazilian and Latin American debt and equity offerings as well as exchange offers. John Meade is noted particularly for his experience handling IPOs. The two partners lead the group along with Michael Kaplan and Richard Truesdell; Kaplan’s vast and varied experience ranges from IPOs to high-yield debt offerings, while Truesdell stands out for his work for investment banks.  All lawyers mentioned are based in New York, unless otherwise noted.

On the global capital markets front, Debevoise & Plimpton LLP‘s is noted particularly for assisting financial services and insurance clients. Paul Rodel is active in a broad range of sectors, including private equity, healthcare, insurance, financial services, and tech. He leads the group alongside Steven Slutzky, whose varied practice encompasses IPOs, high-yield debt offerings, secondary equity offerings, and private placements, on both the issuer and underwriter side. Matthew Kaplan’s varied practice sees him advise issuers, private equity firms, and underwriters in public and private offerings of debt and equity securities. Eric Juergens has considerable experience representing issuers and financial intermediaries. Morgan Hayes and Benjamin Pedersen are also key contacts.

Dechert LLP’s global capital markets team stands out for its work involving business development companies (BDCs). Thomas Friedmann in Boston represents both domestic and foreign issuers as well as investment banks in connection with public and private securities transactions. Philadelphia’s Stephen Leitzell is especially active in the healthcare and tech sectors. Harry Pangas in Washington DC is noted for his work for BDCs, registered closed-end funds, interval funds, and tender offer funds. The three partners lead the group along with New York-based Anna Tomczyk. David Rosenthal in New York has a strong track record advising corporations, investment banks, and venture capital firms operating in the life sciences space.

Hogan Lovells US LLP has a strong issuer-side global capital markets practice with experience in the real estate, life sciences, energy, tech, and financial services sectors, among others. Richard Aftanas regularly advises on IPOs and other equity offerings as well as high-yield and investment-grade bond offerings. He leads the team alongside Emil Arca, who is a key figure in the firm’s Latin American offering and represents underwriters, placement agents, issuers, and investors, among other market players, in connection with a wide range of debt capital markets transactions. Dividing his time between the firm’s New York and Frankfurt offices, Sina Hekmat has great experience spanning IPOs, follow-on offerings, and private placements.

Latham & Watkins LLP remains a leader in the global offerings space, with major issuer and underwriter clients turning to the firm in relation to high-value international debt and equity offerings. Recent highlights for the group include its representation of Banco Santander as initial purchaser in connection with Dutch energy and mining company Yinson Boronia Production BV’s $1bn senior secured notes offering. Global practice chair Ian Schuman’s extensive experience spans IPOs, follow-on offerings, convertible notes offerings, and high-yield debt offerings, among other matters. Global practice chair and chair of the firm's hybrid capital practice Stelios Saffos advises private equity sponsors, asset managers, financial institutions, and companies on a wide range of debt and equity offerings. Marc Jaffe, managing partner of the firm’s New York office, stands out for his IPO and high-yield debt experience. Nathan Ajiashvili  is noted particularly for his work in the life sciences sector. Having joined the firm in April 2024 from Simpson Thacher & Bartlett LLP as global chair of the hybrid capital practice, Tracey Zaccone brings with her considerable experience handling IPOs as well as convertible debt and high-yield bond offerings, among other matters. All partners mentioned are based in New York, unless otherwise noted.

Mayer Brown’s global capital markets practice handles a wide range of matters on both the debt and equity side, including IPOs, Rule 144A and Reg S offerings, and continuous issuance programs. The practice maintains long-term relationships with major Canadian banks and pension funds and remains at the forefront of the Canadian covered bonds space, among other areas. With three offices in Brazil, the firm also has a strong presence in Latin America. Practice head Anna Pinedo has an especially strong reputation for her work in Canada, Israel, and the Nordics. David Bakst has varied capital markets experience with a particular focus on securities offerings involving non-US issuers. Phyllis Korff has vast experience assisting Israeli companies in the asset management, insurance, biotech, healthcare, tech, and manufacturing sectors. Jerry Marlatt plays a key role in the practice’s Canada offering. Ryan Castillo is also a key contact in the group.

Milbank remains at the forefront of the capital markets space in Latin America. Marcelo Mottesi, chair of the firm’s corporate finance and securities group and co-head of the firm’s Latin American practice, has a strong track record advising domestic and foreign companies in the energy, financial services, telecoms, forestry, tech, and real estate spaces, among others, as well as US and international banks. With great experience handling Latin American transactions, Carlos Albarracin plays a key role in the team; he is noted particularly for his experience in the energy, infrastructure, and telecoms sectors. Andres Osornio Ocaranza regularly represents domestic and foreign companies, private equity firms, and banks on international capital markets and liability management transactions.  Gonzalo Guitart is also a key contact.

Paul, Weiss, Rifkind, Wharton & Garrison LLP’s global capital markets practice remains active as issuer’s counsel, with notable expertise when it comes to high-yield bond offerings and a particularly strong presence in Canada and Europe. Christopher Cummings, dividing his time between the firm’s Toronto and New York offices, plays a key role when it comes to offerings by Canadian issuers. John Kennedy’s varied practice covers high-yield and convertible debt offerings as well as exchange and tender offers. Luke Jennings’ client base includes private equity sponsors, public and private companies, and investment banks. Christodoulos Kaoutzanis is also a key contact in the team. All lawyers mentioned are based in New York, unless otherwise noted, with the team also benefiting from close collaboration with partners in London, Toronto, and Tokyo, among other offices.

A&O Shearman offers a comprehensive capital markets service to corporate and sovereign clients as well as underwriting investment banks, with the group noted particularly for its sovereign finance work in Latin America. Ilir Mujalovic has a strong track record handling a wide range of matters, including IPOs, follow-on offerings, PIPEs, convertible bonds, and high-yield and investment-grade debt offering. Jason Lehner divides his time between the firm’s Toronto and New York offices; he has considerable experience assisting Canadian companies in the mining, media, telecoms, energy, and retail sectors, among others, with US capital raisings. Harald Halbhuber represents both issuers and investment banks in connection with debt and equity offerings.

Simpson Thacher & Bartlett LLP‘s international capital markets practice, led by Washington DC-based Joshua Ford Bonnie along with Roxane Reardon and Kenneth Wallach in New York, is particularly strong in Latin America and East Asia. Recent highlights for the team include its representation of Chinese electric car company Zeekr in connection with its IPO and listing on the New York Stock Exchange. Juan Francisco Méndez is well versed in Latin American and Caribbean capital markets transactions; his clients include global investment banks as well as major Latin American companies in the energy, mining, transport, and infrastructure sectors. Mark Brod’s varied practice sees him advise companies, investment banks, and sponsors on IPOs, PIPE offerings, and high-yield and investment-grade debt offerings, among other matters. Todd Crider divides his time between the firm’s New York and São Paulo offices and focuses on Latin American offerings. John Ericson has a strong track record handling high-yield and investment-grade debt offerings as well as IPOs and secondary offerings, including in the healthcare, retail, industrials, hospitality, auto, and tech sectors.

Skadden, Arps, Slate, Meagher & Flom LLP’s international capital markets expertise spans equity, debt, and hybrid securities work in a broad range of sectors, including mining, energy, healthcare, insurance, tech, and consumer products. David Goldschmidt leads the firm’s global capital markets group and stands out particularly for his experience advising high-tech and communication companies. Michael Zeidel leads on capital markets in the Americas, offering broad expertise covering equity, high-yield, and investment-grade securities. Ryan Dzierniejko has a strong track record assisting blue-chip clients, including in connection with IPOs. Laura Kaufmann Belkhayat is also a key contact in the group and has a strong reputation for her work for corporate clients, private equity sponsors, REITs, and investment banks.

White & Case LLP retains a strong presence in Latin America and Europe on both the issuer and underwriter side. Gary Kashar heads the firm’s Americas capital markets practice, advising issuers, investment banks, and investors on public and private securities offerings, among other DCM transactions. He is active in the energy, gaming, telecoms, retail, and industrial sectors. Co-head of the global capital markets practice John Vetterli has a strong reputation with issuers and underwriters operating in Latin America, on both the debt and equity side. Jessica Chen’s varied practice covers IPOs and registered follow-on offerings as well as private placements. She is also noted for her work on green and sustainability-linked bonds, Eurobonds, and convertible bonds. Rafael Roberti is also a key contact in the team and handles high-yield debt offerings and liability management transactions, among other matters.