At A Glance CAPITAL MARKETS

Transcription

1 At A Glance CAPITAL MARKETS

2 Areas of Focus Equity/Debt: We are market leaders in IPOs, preferred stock offerings, hybrid offerings, investment grade offerings, REIT offerings and global offerings. We advise on liability management transactions, including exchange offers, tenders, recapitalizations and restructurings. Cross-Border Private Placements: We are a leader in advising clients on cross-border institutional private placements of debt and equity securities into the U.S., regularly representing issuers and placement agents on more than 25% of annual total cross-border U.S. private placement debt issues. Derivatives & Commodities: We are experts in the field, having been involved in the derivatives market for over 30 years. Our practice is broad based we cover equity derivatives, interest rates, credit, F/X, etc. We are one of a handful of firms with deep expertise in commodities. On the transactional side, we advise on a variety of trades from issuer derivatives, to deal contingent swaps, to commodity finance transactions. We provide Dodd-Frank Act and EMIR and MiFID advice to swap dealers and other market participants. Covered Bonds: We are the undisputed leader in covered bond offerings in the U.S. We have a history of innovation in the area, and we have advised on the first covered bond offerings by U.S. depositary institutions, the first 144A covered bond offerings in the U.S. by non-u.s. banks, and the first SEC-registered covered bond offerings. Securitization: Our securitization practice covers the full range of asset classes and methodologies, including asset-backed commercial paper conduits, insurance and reinsurance securitization, mortgage-backed securitization, CDOs, CLOs and other fund financing transactions. Structured Products: We ve created many of the key structured products in use today by financial institutions, including many of the first mandatory convertibles, trust preferred securities, and other hybrid securities. We are the market leader in the U.S. in structured products. Other: We regularly provide securities disclosure advice and regulatory advice.

3 Recent Experience Equity/Debt (representative deals) In 2014, we completed 22 cross border private placements, raising in aggregate $6.5bn of proceeds, for issuers in a variety of industries, including energy, infrastructure and media We advised emerging growth company issuers on their IPOs, and also served as underwriters counsel in various EGC IPOs across a range of industries We advised various financial institutions or their underwriters in their issuances of non-cumulative perpetual preferred stock and non-convertible debt We advised underwriters in offerings of convertible preferred stock by energy and tech companies Derivatives Advising domestic and foreign banks on Dodd-Frank Title VII matters Advising on commodity-linked loan structures and long-term commodity supply, offtake and hedging arrangements Advising in a wide range of complex OTC derivatives transactions and matters relating to cleared swaps Structured Products In 2014, 1,485 transactions, $16.9bn in aggregate proceeds, for clients, including Bank of America Merrill Lynch, Bank of Montreal, BNP, Goldman, RBC Developed with clients innovative structured products and indices, including proprietary indices We counsel clients through the regulatory changes in banking, broker-dealer, securities and tax law Securitization and Covered Bonds Advised a major investment bank in structuring a novel credit-linked note product Advised major domestic and foreign banks on Volcker Rule related matters, included the restructuring of a tender option bond program, restructuring of commercial paper conduits, and the treatment of CLOs, covered bond investments and securitization vehicles Represented the Federal Home Loan Bank of Chicago (FHLBC) in structuring a residential mortgage conduit program in which the FHLBC acquires jumbo mortgage loans from its member community banks and re-sells them to Redwood Trust, Inc., for packaging into privatelabel MBS Advised on $30.6bn in covered bond offerings in 2012, 2013 and 2014, including Canadian banks establishing new programs compliant with a recently enacted Canadian statute.

4 Credentials/Differentiators We are: One of the most active capital markets firms in the country, representing issuers and underwriters in hundreds of securities offerings One of the U.S. leaders in debt offerings The preeminent structured products firm in the country The leading covered bonds firm One of the most well regarded derivatives firms in the U.S. and Europe We handle a tremendous volume of offerings (1,716 deals in 2014). We have a diverse practice from private placements to IPOs, to 144As and Reg S deals, to new financial products. Unlike many large firms, our capital markets practice is known for creating new financial products and for innovation. Clients include many of the largest investment banks in the world. Accolades Chambers Global 2014 Capital Markets: Equity (Global) Capital Markets: Structured Finance & Derivatives (Global) Capital Markets: Debt & Equity (USA) Capital Markets: Derivatives (USA) Capital Markets: Structured Products (USA) Chambers USA 2014 Capital Markets: Debt & Equity Capital Markets: Derivatives IFLR United States: Capital Markets: Debt & Equity United States: Capital Markets: Derivatives United States: Capital Markets: Structured Finance and Securitisation Legal 500 US 2014 Capital Markets Debt: Advice to Issuers, Advice to Managers Capital Markets Equity: Advice to Issuers, Advice to Managers Global Offerings: Advice to Financial Institutions, Advice to Corporates Structured Finance (includes derivatives and Securitization) US News and World Report 2015 National: Derivatives and Futures Law (Tier 1) National: Securities/Capital Markets Law (Tier 1) National: Securitization/Structured Finance Law National: Securities Regulation (Tier 1)

5 Representative Clients Bank of Montreal/BMO Capital Markets Bank of America Merrill Lynch Bank of Nova Scotia Barclays Capital, Inc. BNP Paribas Capital One Financial Corporation Citigroup Credit Agricole Corporate & Investment Bank Deutsche Bank Securities Goldman, Sachs & Co. HSBC and HSBC Securities Incapital LLC Mortgage Bankers Association National Bank of Canada Natixis Rabobank Raymond James & Associates, Inc. Raymond James Financial, Inc. The Resolution Committee and the Winding Up Board of Landsbanki Islands hf. (Iceland) Royal Bank of Canada and RBC Capital Markets SG Americas Toronto Dominion and TD Securities (USA) LLC UBS

6 Group Leader James R. Tanenbaum, (212) Debt/Equity New York James R. Tanenbaum Anna T. Pinedo, (212) Lloyd S. Harmetz, (212) London Brian A. Bates, Peter J. Green, Jeremy C. Jennings-Mares, Derivatives/Structured Products Anna T. Pinedo Lloyd S. Harmetz Peter J. Green Securitization and Covered Bonds Jerry R. Marlatt, (212) Anna T. Pinedo Thought Leadership Visit our Capital Markets page ( Markets-Services/), to see our materials, including our popular FAQ series; our client alerts and articles; our newsletter, Structured Thoughts; our JOBS Act blog, Jumpstarter; our client tools, FrankNDodd, BureauTrak and MoFoMoFi, our mortgage finance resource center; and our Twitter feed, Thinkingcapmarkets. They are consistently on the cutting edge of all issues, and bring a pragmatic and often creative approach to anything that may arise Chambers USA Morrison & Foerster LLP