Capital markets: Debt

Uría Menéndez

Client Satisfaction

With ‘in-depth knowledge of all branches of law that are key to providing advice to companies listed on the continuous market’, Uría Menéndez houses a seasoned capital markets team, which is recognised for its strong credentials in all types of DCM work. Covering hybrid securities, regulatory capital instruments, structured and project bonds, the group regularly acts for blue-chip corporate clients and financial institutions in high-value and innovative transactions. Department head Rafael Sebastián maintains a broad practice which encompasses capital markets, structured finance, M&A and corporate restructuring. Singled out for her banking regulatory expertise, Carolina Albuerne often advises on deals involving hybrid debt, which is a key area of focus for Javier Redonet. The ‘technical and commercial’ Enrique Nieto assists issuers and investors in both ECM and DCM transactions.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Uría Menéndez has in-depth knowledge of all branches of law that are key to providing advice to companies listed on the continuous market, since they master both securities and commercial law. All team members are available to address our problems and concerns, and they are very effective in doing so. They have specific knowledge of other areas beyond the securities market, which makes them very agile to resolve specific queries from other areas of law in an efficient and practical manner and, when necessary, they get involved in matters as if they were internal to the company.'
'Uría is at the forefront of the innovations that are being introduced in the legal sector. They are also working on the automation of certain processes that seek to provide the services we demand more efficiently. On the other hand, I know that Uría very actively promotes, from the highest levels, the diversity of its members through initiatives promoted from the firm.’
‘The treatment of all team members is very pleasant, natural and fluid. They all take their tasks and responsibilities very seriously and make them their own. In addition, they convey a lot of security and confidence. They not only stand out for their legal knowledge, but also for their business and financial knowledge. They make an effort to know our company and the dynamics of the sector, and this is something that is reflected in an outstanding way when providing their services.'
'Enrique Nieto is both technical and commercial, he is very decisive and has a special sensitivity for our problems, something that truly adds value to us.'
‘Availability, professionalism, transparency, compliance with agreed deadlines. There is always the will to find the best solution for the client, being aware of the risks that each recommendation entails.'
'As an outstanding partner, I would highlight Enrique Nieto. The differences with respect to their competitors is the peace of mind of knowing that they have extensive experience, good relations with official organisations, and that they will always provide the best advice for the client.'
‘Great technical capacity. Stands out for its rigour and professionalism.'

Key clients

Banco Santander
Iberdrola
Telefónica
Abanca
UCI
Indra Sistemas
Lar España Real Estate
OK Mobility Group
Holaluz
Société Générale
JB Capital Markets

Work highlights

Advised Banco Santander on its issuance of $3.5bn senior non-preferred fixed rate notes under the F3 programme registered with the US Securities Exchange Commission and listed in the New York Stock Exchange.
Assisted Abanca in its new issuance of €250m additional tier 1 instrument listed in AIAF and concurrent buyback of its existing €250m AT1.
Advised Société Générale and JB Capital Markets as joint bookrunners of Promotora de Informaciones, S.A.’s pre-emptive issuance of €130m subordinated notes mandatorily convertible into newly issued ordinary shares by way of a rights offering to Prisa’s shareholders and listed in AIAF.

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