The powerhouse debt capital markets group at the Paris office of Allen & Overy LLP remains a market leader, leveraging the deep bench of its global network and the experience of its team to advise major multinational financial institutions, insurers and real estate groups involved in a wide range of complex, high-value transactions. Headed by Diana Billik, who has experience assisting issuers, arrangers and underwriters on cross-jurisdictional matters, and backed by office managing partner and financial regulatory expert Hervé Ekué, the team's comprehensive service covers matters ranging from compliant hybrid transactions and Brexit-related advice to global financial institutions to secured debt financing for SMEs (Euro Private Placements) and public entities and US private placements. Other key figures include debt instrument specialist Julien Sébastien, of counsel Dan Lauder, who handles stand-alone bond issues, counsel Soline Louvigny and senior associate Quentin Herry.

The Paris Cleary Gottlieb Steen & Hamilton debt capital markets team remains a leader in the marketplace, advising major financial institutions, insurers, sovereigns, and corporates across such sectors as manufacturing, dairy and construction, on a diverse spectrum of high-value transactions. Led by Andrew Bernstein, who is an authority on DCM matters and has particular expertise in oil and gas, securities offerings expert Valérie Lemaitre, John Brinitzer, who is a high yield issuance specialist, Barthélemy Faye, who handles complex, Africa-related transactions, the group's comprehensive service includes support on investment grade offerings, USMTN and EMTN programmes and liability management transactions. Key support is provided by associate Laura Birene.

The Paris debt capital markets team at global firm Clifford Chance remains a force in the area, providing support on high-value, cross-border DCM transactions to major domestic and international financial institutions, investment managers, government authorities and corporates across such industries as hospitality, manufacturing, automotive, beverages, personal care products and construction. Led by expert in securities Alex Bafi, DCM market authority Cédric Burford and structured finance specialist Jonathan Lewis, the group assists with debt issuance programmes, sustainable bond issuances, structured debt issues, liability management transactions and consent solicitations. Other key figures include counsels Auriane Bijon, who has experience of sustainability matters, Olivier Plessis, who has a notable focus on investment grade and high-yield bond issuances, and Andrew McCann, who is a dual qualified in France and England and Wales.

Headed by DCM expert Véronique Delaittre, the capital markets team at global firm Linklaters has strong experience advising major financial institutions, corporates across such sectors as energy and telecoms, the European Investment Bank and public institutions, on a wide range of matters across the practice space. Supported by Luis Roth, who specialises in securities offerings by foreign private and sovereign issuers involving US investors, the group's comprehensive service extends to hybrid bonds, covered bonds, sustainability-linked bonds, regulatory capital instruments, high-yield bonds and liability management transactions.

The Paris debit capital markets group at global firm White & Case LLP harnesses the bench strength of its experienced practitioners to advise major domestic and multinational financial institutions, corporates, insurers and sovereigns on high-value EMTN programmes, high-yield bonds, hybrid bonds and regulatory capital deals. Philippe Herbelin heads the capital markets team and is backed by Séverin Robillard, who is a leading name in the DCM space. Of counsel and market authority Cenzi Gargaro brings expertise to debt securities and sovereign bond issues. Other key figures include US-qualified lawyer Max Turner (who assists with Yankee and high yield bonds), Grégoire Karila (who focuses on hybrid debt/regulatory capital and ESG financings) and Thomas Le Vert. January 2022 saw the promotion of Olga Fedosova to partner and Tatiana Uskova to counsel.

The experienced team at Herbert Smith Freehills LLP coordinates with the global firm's London branch to bring strength to high-value transactions on behalf of financial institutions, asset management groups and major corporates active in areas including renewables, telecoms, aviation, outsourcing and consumer products. Led by Louis De Longeaux, the group assists with green bonds issuance, standalone bonds issuance, EMTN programmes, Euro PP, project bonds, liability management transactions and complex debt security matters. Senior associate Dylan Shields provides key support.

Backed by the bench strength of offices across the Americas, the Asia Pacific and EMEA regions, the debt capital markets Paris team at Hogan Lovells (Paris) LLP advises financial institutions and corporates in such sectors as energy, transport and automotive involved in high-value, multi-jurisdictional transactions. Headed by debt securities expert Sharon Lewis and EMTN programme specialist Vincent Fidelle, the group's full offering extends to matters ranging from subordinated bond issues, covered bonds and EuroPP transactions to inaugural green bond issuances and commercial paper and liability management transactions. Other key figures include Katia Merlini and counsel Reza Mulligan, who handles complex credit facilities.

Backed by a network spanning North America, Europe, the Middle East and the Asia Pacific region, the Paris debt capital markets group at Latham & Watkins has strength in high-value, cross-border transactions, advising a broad client base of financial institutions and multinationals in oil and gas, engineering, fast-food restaurants, travel and digital marketing services. Headed by capital markets expert Thomas Margenet-Baudry, the group assists with such matters as high-yield bond offerings, hybrid notes offerings and green bonds. Other key figures include Roberto Reyes Gaskin, who manages investment grade debt offerings and liability management, and counsel Michael Ettannani.

Stephenson Harwood pairs the experience of its Paris team with the bench strength of its global network to advise financial institutions and corporates across such sectors as manufacturing, logistics and real estate, on high-value, cross-border transactions. Debt securities expert Jeremy Grant heads the group, which assists with sustainability-linked bonds, Eurobonds, MTNs, high-yield bonds, Euro PPs, hybrid offerings, secured notes and liability management. The team is supported by associate Cloé Nguyen, a specialist in ESG.

Backed by a global network spanning five continents, the Paris DCM team at Jones Day brings strength to high-value DCM transactions, advising a client base of financial institutions, in addition to corporates active in sectors including healthcare and pharmaceuticals and telecoms. Headed by firm ESG coordinator and debt securities expert Linda A Hesse and of counsel and DCM EMEA coordinator Natalia Sauszyn, the group assists with matters involving standalone issuances, EMTN programmes, liability management and bond terms renegotiations, high-yield issuances and structured debt.

Headed by capital markets authority Hervé Letréguilly, the Paris debt capital markets team at Shearman & Sterling LLP is a popular choice for major financial institutions and corporates in the agriculture, TMT, transport and manufacturing sectors to advise on high-value, cross-border DCM transactions. The firm's comprehensive service extends to private placements, debt programmes, warrant programmes and high-yield, convertible, exchangeable, hybrid and subordinated bonds.