Capital markets: Debt

Uría Menéndez

Client Satisfaction

The capital markets team at Uría Menéndez offers comprehensive advice on hybrid securities, regulatory capital instruments, as well as structured and project bonds, regularly assisting major corporates and financial institutions in navigating high-value transactions. The department is led by Rafael Sebastián, whose areas of expertise span capital markets, structured finance, M&A, and corporate restructuring. Carolina Albuerne, known for her banking regulatory expertise, frequently handles deals involving hybrid debt, a key area of focus for Javier Redonet. Enrique Nieto acts for issuers and investors in both ECM and DCM deals.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘High technical knowledge and extensive experience in the sector. Up to date with all legislative developments and involved in most of the country's relevant deals, which provides legal security in the client's decision-making.'
‘Security and forcefulness in responses, high availability and flexibility.'
‘The Uría team compares favourably with the teams of other law firms, both for its high technical level and for the tools it uses to serve its clients. It is a diverse team that adapts at all times to the needs of the client. It is friendly and at the same time very professional, which leads to consolidating a sustainable relationship of trust.'
‘The team we work with is led by Javier Redonet. In the areas in which he has provided us with his services, he has demonstrated a high level of knowledge about the products and has maintained a relationship of trust. He has known how to delegate to his team, which has maintained this trust without ever losing professionalism.'

Key clients

Banco Santander
Cellnex Telecom
Ence Energía y Celulosa
OK Mobility Group
Banco Cetelem
JB Capital Markets
Société Générale
Holaluz Clidom

Work highlights

Advised on the issuance by Banco Santander of $1.25bn in subordinated debt (T2) and $ 2.75bn in senior non-preferred debt under the F3 programme registered with the US Securities Exchange Commission and listed on the New York Stock Exchange.
Advised on the issuance of senior unsecured convertible bonds, convertible into new and/or exchangeable for existing ordinary shares in Cellnex Telecom, SA, on a non-pre-emptive basis, for an aggregate principal of €1bn combined with a concurrent repurchase of the outstanding €795.4m in 1.50% senior unsecured convertible bonds due 2026 for total consideration exceeding €1bn.
Advising on the registration of Ence Energía y Celulosa SA’s €200m inaugural sustainable commercial paper programme with the Spanish Alternative Fixed-Income Market (Mercado Alternativo de Renta Fija).

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