Orrick, Herrington & Sutcliffe possesses extensive experience in high-yield, investment-grade, and convertible note offerings. The firm also handles a range of liability management transactions, including exchange and tender offers, as well as consent solicitations.

A&O Shearman advises on the full range of domestic and international debt capital markets products, including standalone bonds, convertible and exchangeable bonds, equity-linked instruments, and securitised derivatives. The team features several key practitioners: Stefano Sennhauser, who regularly acts for arrangers, joint lead managers and investors in complex structured finance transactions; Cristiano Tommasi, who specialises in both domestic and international bond issues and programmes, including private placements; Pietro Bellone, who advises financial institutions, private capital providers, and corporates on all aspects of securitisation and structured finance; and Alessandra Pala, who brings experience in bond issuances, notably high-yield, convertible, and exchangeable bonds. Sarah Capella advises on a broad spectrum of financing matters, with experience spanning the establishment of MTN and ECP programmes. Elisabetta Rapisarda is noted for supporting clients with the setup and ongoing administration of commercial paper programmes, alongside advising on hybrid capital transactions and liability management exercises. Emiliano La Sala left the team in September 2025.

Cappelli Riolo Calderaro Crisostomo Del Din & Partners often advises on deleveraging transactions, distressed M&A, and complex real estate and corporate liquidity financings. The team is jointly led by Michele Crisostomo, who brings in-depth expertise in banking, insurance, and financial regulation, with a focus on capital markets and financing transactions; Paolo Calderaro, who regularly leads on synthetic securitisation deals; and Alberto Del Din, who is noted for his work in structured finance and real estate transactions. Martina Baldi is another key member of the team, advising both Italian and international issuers and financial institutions on a wide range of debt instruments, including bonds, certificates, and MTN programmes.

Chiomenti advises on a broad spectrum of debt capital markets work, including EMTN programmes, stand-alone bond issuances, covered bonds, and domestic bond programmes. The practice is co-led by Benedetto La Russa, who advises financial institutions, corporates, investment banks, and funds on a wide range of domestic and international transactions, and Gianrico Giannesi, who focuses on regulatory matters, securitisations, and bond loans for both Italian and international clients. For deals involving financial institutions or regulated sectors, Gregorio Consoli and Anna Maria Perillo are key points of contact.

Clifford Chance is active across a broad range of debt capital markets work, including securitisations, EMTN programmes, standalone bond issuances, and liability management transactions. Filippo Emanuele frequently handles matters involving unrated bonds, while Gianluca Fanti advises clients on banking issues, debt restructuring, and general lending matters. Gioacchino Foti has a strong focus on debt issuances and regulatory capital. Tanja Svetina leads on NPL portfolio disposals and handles securitisations across various asset classes, as well as covered bond issuance programmes. Jonathan Astbury regularly represents banks and issuers in complex structured finance and bond issuance mandates. Alice Reali concentrates on covered bond programmes, true sale securitisations, and portfolio disposals. Giuseppe Barra Caracciolo is another key member of the team.

Dentons has a strong presence in the debt capital markets space, advising on a wide range of matters including bond issuances, EMTN programmes, retail offerings, and structured products. The practice is spearheaded by a trio of experienced partners: Piergiorgio Leofreddi, who guides retail offerings, as well as purchase and exchange offers involving debt securities and regulatory frameworks; Gianpaolo Garofalo, whose practice spans securitisations, structured finance, and broader capital markets work; and Annalisa Feliciani, who acts for both retail and institutional clients on fixed income instruments, structured notes, and mini-bonds. Also highly active is Bianca Chiara Sinisi, who brings experience across a wide array of mandates, including securitisations, Italian public offerings, and transactions involving local public entities.

Latham & Watkins LLP is widely recognised for its strength in leveraged finance, high-yield bond work, and handling complex cross-border transactions. The team is led by a strong group of partners: Antonio Coletti, who advises private equity firms, underwriters, and initial purchasers on a broad range of securities and corporate deals; Ryan Benedict, whose practice includes IPOs, high-yield and investment-grade debt offerings, as well as tender offers and liability management; Jeffrey Lawlis, who focuses on the financing elements of M&A transactions alongside general corporate and securities law matters; and Paolo Bernasconi, who acts for corporates on cross-border leveraged finance and capital markets transactions, with a particular emphasis on high-yield debt issuances. Giorgio Ignazzi is also a key contact, noted for his focus on international capital markets and securities regulation.

Linklaters Studio Legale Associato advises both corporate issuers and underwriters on the issuance of large-scale green, social, and sustainability-linked bonds. The team is led by Dario Longo, whose practice spans the full lifecycle of regulated financial assets; Ugo Orsini, who brings considerable experience in advising listed companies on corporate governance frameworks; and Linda Taylor, who is noted for her work on a wide array of capital markets transactions, including IPOs, hybrid bonds, and block trades. Lorenzo Dal Canto plays a key role within the structured finance practice, with particular strength in non-performing loan acquisitions and financing. Laura Le Masurier is also a notable figure, with a focus on both debt and equity capital markets, frequently assisting major banks, insurers, and corporates in setting up and maintaining EMTN programmes.

Ashurst’s team advises on a broad range of structured finance and debt capital markets work, including securitisations, bond issuances, and the structuring and execution of distressed financing transactions. The firm also handles acquisitions and disposals of receivables, including those involving NPL and UTP portfolios. The practice is led by Annalisa Santini, who is regularly instructed on bond issues and trade receivable transactions, acting for a diverse client base that includes domestic and international banks, investment funds, financial institutions, and corporates.

Bird & Bird advises on a wide array of debt capital markets and structured finance matters, including bond and covered bond issuances, structured funds, and securitisation transactions across a diverse range of structures and asset classes. The team is jointly led by Raimondo Maggiore, Federico Del Monte, and Corrado Fiscale, all of whom bring extensive experience in structuring and negotiating debt securities and have particular strength in structured finance and complex financial transactions. Diego Del Principe focuses on leasing and restructuring matters, while Anita Lucchini has played a key role in many of the firm’s most significant and sophisticated structured finance deals.

Gianni & Origoni advises across the full spectrum of debt capital markets work, including MTN programmes, standalone bond issuances, as well as more complex hybrid and convertible instruments. Richard Hamilton frequently acts for both issuers and underwriters in offerings involving financial instruments, including senior and subordinated bonds. Alessio Palumbo has notable experience in structured finance, particularly in the transfer of receivables. Domenico Gentile is a key contact for his extensive expertise in structured finance, regularly advising on securitisations and a wide range of bank lending transactions.

Hogan Lovells International LLP offers comprehensive expertise across the debt capital markets space, advising on a broad range of transactions, including EMTN programmes, covered bonds, and subordinated and hybrid debt instruments. The practice is led by Ferigo Foscari, whose capital markets experience spans both equity and debt mandates for issuers and investment banks; Patrizio Messina, who is particularly active in securitisations, including both ordinary and synthetic structures involving NPLs and UTPs; Annalisa Dentoni-Litta, who brings deep experience in structured finance, securitisations, and covered bond deals; Sabrina Setini, who advises corporates, financial institutions, and investment funds on securitisation and asset finance matters. Salvatore Graziadei is also noted for his frequent involvement in securitisation mandates for leading Italian and global banks.

Jones Day has a broad finance practice, frequently advising on banking and financial transactions, securitisations, fintech matters, and finance-related litigation. The team is led by Vinicio Trombetti, who brings strong expertise in securitisations, covered bonds, and portfolio acquisitions. Giuseppina Pagano advises across banking, structured finance, and debt capital markets. Fabio Maria Guidi specialises in securitisations across multiple asset classes, including RMBS, SME and consumer loans, salary-backed loans, trade receivables, and other financial assets.

Legance - Avvocati Associati advises on a wide array of debt capital markets and structured finance matters, including EMTN programmes, mini-bonds, and receivables securitisations. The team is led by Andrea Giannelli, who is frequently instructed on significant bond issuances, both standalone and under EMTN or GMTN programmes, as well as liability management exercises and complex securitisation deals. Vittorio Pozzi is active in high-level securitisations involving both performing and non-performing receivables across multiple asset types. Antonio Siciliano brings expertise in corporate lending, with a focus on leveraged and acquisition finance. Alice Giuliano advises on a range of bond issues for medium to large corporates and financial institutions, under both public and private offerings.

PedersoliGattai advises on the full range of legal issues surrounding bond issuances and placements, acting for both retail and institutional investors. The team is headed by Emanuela Campari Bernacchi, who supports a variety of stakeholders in securitisation transactions, including investment banks, servicers, and financial institutions. She is joined by Gaetano Carrello, who advises a high-profile client base of private equity funds, banks, private credit investors, and corporates. Mattia Valdinoci focuses on structured finance, with particular expertise in securitisation deals, bond issuances, and cross-border transactions.

Simmons & Simmons advises across a wide spectrum of debt capital markets and regulatory matters, including Eurobond issuances, liability management transactions, derivative securities offerings, as well as compliance with regulations such as MiFID and the Market Abuse Regulation. The team is jointly led by Paola Leocani, who focuses on eurobonds, covenanted and project bonds, and EMTN programme updates; Simone Lucatello, who has deep expertise in complex and innovative securitisation structures involving both performing and non-performing assets, across public and private markets; and Tommaso Canepa, who specialises in CRM instruments, including credit risk insurance arrangements. Also notable is Baldassarre Battista, who frequently advises both Italian and international banks on the setup of bond, certificate, and covered warrant programmes.

White & Case (Europe) LLP advises across the full range of equity capital markets instruments, including IPOs, rights issues, secondary offerings, and equity-linked instruments such as convertible and exchangeable bonds. The practice is jointly led by six key individuals: Michael Immordino, who brings deep experience advising both issuers and investment banks on public and private equity and debt offerings; Evgeny Scirtò Ostrovskiy, who focuses particularly on high-yield bonds; Tommaso Tosi, whose expertise spans commercial contracts and golden power regulations; Francesco Scebba, who advises on financing deals, and securitisations; Pietro Magnaghi, who assists with debt offerings, liability management transactions, and regulatory issues; and Alessandro Picchi, who advises on IPOs, follow-on offerings, PIPEs, block trades, as well as convertible and straight debt instruments.

DLA Piper advises across the full spectrum of debt capital markets and securitisation matters, with experience spanning project finance bonds, EMTN programmes, public offerings, and SME loan transactions. The practice is led by Luciano Morello, who has notable expertise in covered bond issuances, energy-related structured finance, and asset securitisations.

Greenberg Traurig provides full-service support across banking, finance, and debt capital markets, with capabilities covering real estate finance, corporate and investment grade lending, and financial restructurings. The team is led by Corrado Angelelli, who advises on a wide range of financing matters, including corporate, leveraged, and structured finance. He is joined by co-head Riccardo Agostinelli, who brings particular expertise in acquisition finance as well as corporate, infrastructure, and sports-related financing transactions.