Demonstrating ‘extensive knowledge of the capital markets’, A&O Shearman offers a broad and sophisticated DCM practice that frequently advises high-profile financial institutions and corporates in both domestic and cross-border matters. The team acts on a wide range of DCM mandates, spanning standalone bond issuances and debt programmes, equity-linked instruments, and private placements. The practice is co-led by UK-qualified DCM specialist Charles Poole-Warren and Salvador Ruiz Bachs, whose practice encompasses convertible bonds, GMTN and EMTN commercial paper programmes, and derivatives. Álvaro Rojo is skilled in securitisation and distressed debt trading transactions.

Leveraging both ‘international and local expertise’, Clifford Chance acts for a diverse client base of high-profile financial institutions from across Spain, Europe, and the US in high-value DCM transactions. Representative work for the group includes securitisations, EMTN programmes, and both corporate and sovereign bond issues. The practice is jointly led by Eduardo García, who specialises in structured debt transactions and securitisations, and Antonio Henríquez, who acts for both underwriters and issuers in cross-border ECM and DCM deals. Jesús Quesada‘s practice centres on structured finance, securitisations and other financing transactions, while Francisco Pizarro is well acquainted with the intricacies of note issuances, debt programmes, and convertible bonds.

Cuatrecasas fields a robust debt capital markets practice, advising on mandates that include commercial paper programmes, high-yield bond issuances, and securitisations. The team is regularly instructed by both issuers and underwriters on domestic and cross-border transactions. The group is led by Jaime De La Torre, who has an established practice in securitisations and note issuances. Miguel Cruz brings considerable experience advising on high-yield bond issuances. Ana María Gamazo is frequently instructed by issuers in the leisure sector, while Jaime Juan Rodríguez focuses on securitisations and derivatives.

Garrigues is well equipped to handle a broad range of debt capital markets mandates, including high-yield bond issuances, commercial paper programmes, and securitisations. Under the joint leadership of Mónica Martín de Vidales and Àlvaro López-Jorrín, the team advises a wide range of domestic and international financial institutions as well as multinational corporates. Gonzálo García-Fuertes is experienced in high-yield deals, securitisations and other complex debt issuances. Marta López-Brea is frequently instructed by leading Spanish and international banks, while Li Jun Chen Lin is highly experienced in advising on EMTN programmes and bond issuances.

Linklaters advises on a wide range of debt capital markets matters, including high-yield bond issuances, commercial paper programmes, and securitisations. The breadth of the team’s practice sees it regularly instructed by multinational corporates as well as Spanish and international financial institutions. The practice is jointly led by Jorge Alegre, whose experience includes convertible and exchangeable bond offerings and liability management matters, alongside hybrid securities specialist Federico Briano, and Pablo Medina, who has extensive experience advising on EMTN programmes and bond issuances. Yiannis Kyriakides excels in ESG bonds, while Juan María Lamo continues to advise on several high-value securitisation deals.

With a wide range of experience spanning domestic and international debt issues, note programmes, and sustainable finance instruments, the debt capital markets practice at Pérez-Llorca regularly acts for a diverse roster of banks, investment funds, and listed companies. The team is jointly led by Yolanda Azanza, who has built a strong market reputation advising on bond issuances and commercial paper programmes, and securitisation specialist Carlos Pérez Dávila. Santiago Bertola typically advises on transactions involving mortgage-backed debt securities and corporate bonds.

Uría Menéndez advises both issuers and underwriters on a broad range of debt capital markets mandates, including high-yield, hybrid, and project bond issuances. The team is regularly instructed by leading financial institutions and multinational corporations. Practice head Javier Redonet is highly experienced in the complexities of convertible bonds and hybrid securities. Gabriel Núñez advises on both domestic and cross-border capital markets transactions, while Carolina Albuerne is knowledgeable of hybrid debt instruments.

The DCM practice at Gómez-Acebo & Pombo offers a strong and versatile service, with capabilities spanning recapitalisations, bond issuances, and securitisations across the infrastructure, real estate, and pharmaceutical sectors. The team is co-led by Ferran Foix, whose practice includes bond restructurings and note issuance programmes, and Guillermo Guerra, who regularly advises listed companies and credit institutions. The practice is further strengthened by the cross-border expertise of Augusto Piñel, a seasoned public M&A and capital markets practitioner.

The debt capital markets practice at Ramón y Cajal Abogados offers a robust service, advising on MTN programmes, bond issuances, and hybrid securities transactions for both issuers and underwriters. The practice is jointly led by Carlos Lao, who has extensive experience in green and high-yield bond issuances, and ECM specialist Lucía García. Pablo Tejerizo is well placed to advise on commercial paper programmes and liability management transactions.

Simmons & Simmons fields a well-equipped team capable of handling the full range of debt capital markets mandates, including debt issuances, derivatives transactions, and securitisations. The practice is a well-established adviser to a broad array of financial institutions at both national and international levels. The group is led by Alfredo de Lorenzo, who brings extensive experience advising on EMTN programmes, bond issuances, and NPL portfolio transactions.

With frequent instructions from a diverse range of financial institutions and multinational corporates, Ashurst LLP offers a comprehensive debt capital markets practice, covering derivatives, bond issuances, and securitisations. José Christian Bertram leads the team and brings deep expertise in debt restructurings and NPL portfolio transactions. Irian Martínez is a trusted adviser to both domestic and international financial institutions on DCM work.

Dentons fields a team capable of advising a wide range of corporates and financial institutions across the full spectrum of debt capital markets mandates, including commercial note programmes and convertible bond transactions. Ignacio Corujo Del Valle leads the practice and is frequently sought for his expertise in EMTN programmes and project bond issuances, while debt restructuring is the central focus of Ignacio Fernández’s practice.

DLA Piper is equipped to handle a wide range of debt capital markets mandates, including securitisations, derivatives, and debt issuances. The team is regularly instructed by financial institutions and corporates across the sports, infrastructure, and technology sectors. Department head Andrés Lorrio has an established practice advising on derivatives and bond issuances, while Diego Sánchez is active on both cash and synthetic securitisations.

Hogan Lovells Spain is active across the full spectrum of debt capital markets mandates, possessing a solid track record in EMTN programmes, debt restructurings, and hybrid debt issuances. The team is led by Iñigo Berricano, who is regularly sought after by listed companies and financial institutions, and José Luis Vázquez, who excels in structured finance and securitisation deals. Álvaro Albors handles a wide range of DCM matters, including standalone bonds, EMTN programmes and high-yield bonds.