Global
PRACTICES Capital Markets Debt Capital Markets (DCM)
Debt Capital Markets (DCM)
Capital Markets
Debt Capital Markets (DCM)

We provide end-to-end legal support for issuers and financial institutions across a wide range of onshore and offshore debt offerings. Our experience spans credit, asset-backed, and hybrid instruments, including corporate bonds, enterprise bonds, medium-term notes (MTNs), short-term notes, perpetual bonds, convertible bonds, panda bonds, and offshore bonds under Reg S, Rule 144A, and Dim Sum frameworks. We help clients structure efficient and compliant issuance plans, manage regulatory filings, and navigate cross-border execution with confidence.

Our Services:

Issuance Structuring and Deal Planning

We help clients design practical and efficient issuance structures tailored to the specific features of each debt instrument and aligned with financing needs, regulatory expectations, and market conditions.

Drafting and Reviewing Legal Documentation

We prepare and review core offering documents—including offering circulars, guarantee agreements, bondholder meeting rules, and underwriting agreements—to ensure legal compliance and investor protection.

Legal Due Diligence

We conduct thorough legal due diligence on issuers and key subsidiaries to identify legal risks and provide a solid foundation for transaction structuring and opinion issuance.

Regulatory Filings and Approval Support

We assist clients in navigating registration and approval procedures across relevant authorities, including stock exchanges, the interbank market, the CSRC, NDRC, SAFE, and local governments.

Debt Protection and Credit Enhancement

We help clients build effective debt protection mechanisms—such as collateral arrangements and cross-default clauses—and structure credit enhancement features, including guarantees, credit ratings, and third-party support, to strengthen investor confidence and improve bond pricing.

Issuance Execution and Legal Opinions

We provide legal witnessing services and issue legal opinions that meet regulatory requirements, while also assisting in addressing inquiries from regulators during the issuance process.

Cross-border Legal Coordination

For offshore offerings, we coordinate with international counsel, review transactional documents, and ensure compliance with both PRC and international legal standards.

Ongoing Compliance and Investor Relations

We offer continuing legal support throughout the bond lifecycle, covering disclosure obligations, major event handling, and investor communications.

Default and Restructuring Response

In the event of default, delay, or restructuring, we help clients develop response strategies and resolve disputes to safeguard issuer interests.

Tax Structuring for Special Bonds

We provide tax advisory for panda bonds and SDR-denominated instruments, helping clients optimize tax efficiency and manage cross-border tax risks.


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