Capital markets

Capital markets provide a platform for companies to raise long-term capital by issuing and trading financial securities such as bonds or stocks. They facilitate entrepreneurship and play an important role in supporting economic growth and innovation. Luxembourg stood out early on with the listing of the first-ever Eurobond by the Luxembourg Stock Exchange (LuxSE) in 1963. The LuxSE has also had a pioneering role in sustainable finance with the creation of the Luxembourg Green Exchange and is now the world’s leading listing venue for international debt securities.

Our clients

We have a wide-ranging client base, including issuers, international banking syndicates, and banks and companies acting as lenders, borrowers and underwriters in all sectors.

We have broad experience in working on all kinds of capital markets transactions, with peerless expertise in the Luxembourg context. Our experts have pioneered instruments and legal structures before they were recognised by law and regulations such as the “tier one” hybrid instruments for Luxembourg banking institutions and their foreign parents, as well as fiduciary note structures listed on the Luxembourg and foreign stock exchanges.

Our services

We advise on high-profile local and international transactions and assist our clients with a full range of services including:

  • Launching IPOs, (De)SPACs or capital increases
  • Securing listings on regulated or alternative markets
  • Equity, convertible and debt listings including Euro MTN programmes
  • Equity capital markets (including launching IPOs, secondary offerings, equity bridge financing, private placements, takeovers, buybacks, tender and exchange offers, (De)SPACs)
  • Debt capital markets (including standalone bonds and debt issuance programmes, tier 1 and hybrid capital, equity-linked instruments, green bonds, liability management, private placements, warrants, high yield and Islamic structures, Euro MTN programmes, CLO structures)
  • Registration of tokenised securities
  • Securities laws, market activities (including market abuse, transparency and insider dealing regulations) and the marketing of investments in primary and secondary markets
  • Regulatory compliance (including regulatory filings) as well as related questions of corporate governance
  • Regulator actions and related litigation

Our team works closely with the Corporate, Finance, Securitisation and Tax teams at the firm, allowing us to provide comprehensive legal advice.

What others say about us

The firm brings in-depth knowledge of the Luxembourg legal market coupled with awareness of drivers such as commercial factors and other jurisdictions."

"I found the partners and associates super responsive and understanding of the needs of a US fund setting up in Luxembourg, then transacting an acquisition."

"The team provides practical, responsive and results-oriented advice."

"We appreciated the approachability of the partners, their responsiveness, market knowledge and reputation."

"The corporate team at EHP is pulling away from the Luxembourg market and cementing themselves as the leaders for corporate work in Luxembourg

Legal 500 2024

Banking, Finance and Capital Markets

The team consists of specialised lawyers who can cover all areas of law and have a specialist with experience for every case. The rapid response and availability at short notice, even in the case of special and unusual legal issues, should be emphasised.

Legal 500 2023 – Banking, Finance and Capital Markets Luxembourg

Despite its size, the firm has maintained its independence and a strong set of values built around client dedication, diversity and perfection. The firm has largely contributed to the development of Luxembourg as a financial centre and remains at the forefront of the financial industry, which ultimately benefits the client.

Legal 500 2022 – Banking, Finance and Capital Markets Luxembourg

The firm is rated for the outstanding quality of partners, senior associates, associates and entire team, which has a law firm environment with international breadth. It also has deep knowledge of domestic Luxembourg law and the market, as well as on international considerations. Summing up, Elvinger Hoss Prussen is the ideal partner for every deal.

Legal 500 2021 – Banking, Finance and Capital Markets Luxembourg