We have established ourselves as the leading capital markets practice in Malta, regarded by clients and industry practitioners as the first in the Maltese market for advising on innovative instruments. We apply our knowledge of the market, our experience in a wide range of issues and our understanding of regulatory frameworks to assist clients in raising and managing their corporate finance demands effectively when resorting to the capital market. Our clients include issuers, underwriters and managers, trustees, and institutional investors.
Ever since we assisted in the first equity listing in Malta, we have handled more offerings and issues on the local market than all the other firms combined. Whilst most of the transactions we advise on involve offerings on the Malta Stock Exchange, we also act for corporates that have instruments listed and traded on overseas stock exchanges and corporate groups in relation to international offerings made by their Malta-based entities or special-purpose vehicles connected thereto.
Our experience in raising capital includes advising on:
- bond issues - from vanilla-type to highly structured products;
- initial public offerings;
- rights issues;
- convertible and exchangeable securities;
In most instances we advise our clients on compliance requirements and corporate governance demands on an on-going basis.
The firm takes an active role in the development of the regulatory and legislative framework in conjunction with industry participants and regulatory bodies. We are also actively involved in the Capital Markets practice group set up by the Institute of Financial Services Practitioners.
Our Capital Markets team can rely on the firm’s strong banking, corporate, finance and financial regulation practices to provide seamless and comprehensive advice for our clients.
Our broad-based commercial practice, our first mover advantage and our expertise in the local capital markets characterises the firm’s market leadership in this sector. We have acted for issuers of debt instruments traded on the Malta Stock Exchange’s primary list in respect over of 60 per cent of all listed debt issues.
Our depth of knowledge and experience allows us to handle the most complex of transactions, which together with our lawyers’ commercial exposure, accessibility, transaction management and negotiation skills, allow us to take deals to the market on time and within budget.
Our experience in the local markets and our overall understanding of the issues involved in capital market transactions also enables us to integrate comfortably with international firms in cross border transactions to advise clients on those debt issuance programmes that have a Maltese dimension.
We have considerable experience advising on initial public offerings, rights issues, issues of convertible and exchangeable securities, placings, equity-derivatives, hedging and stabilisation of equity and equity-related products.
Even in the equity capital markets we retain our market leadership. We have advised over 50 per cent of all equity issues traded on the primary market of the Malta Stock Exchange. Many of the transactions we have advised on in this field involve the offering and listing of securities in Malta, although we have also advised locally established issuers on the listing of their equity securities in other jurisdictions, in conjunction with international counsel. Our significant expertise in the market enables us to advise our clients on the increasingly complex financial law and regulation. In most instances we advise our clients on an on-going basis on matters of compliance and corporate governance, both pre- and post-listing, including in particular where our lawyers act as company secretary for the listed entity.