Capital Markets: Debt
Global Guide 2024 : South Africa
Band 1
Email address
[email protected]Contact number
+27 11 669 9000About
Provided by Bowmans
DCM
Our Debt Capital Markets team provides a full range of services for issuers, arrangers, dealers, exchange sponsors and underwriters in offerings of debt related products, including securitisations, corporate bond issues, hybrid bond issues, credit linked note programmes, structured note programmes, high yield bond issues, domestic medium-term note programmes, euro medium-term note programmes, and inward listings. We are recognised for our expertise in domestic medium-term note programmes, inward listings, secured note programmes and secured note issuances.
ECM
We provide a full range of services for issuers, arrangers, dealers, exchange sponsors and underwriters in offerings of related products, initial public offerings (IPOs), rights offers, inward listings and secondary offerings (including private placements), including the drafting of prospectuses, pre-listing statements and circulars, the drafting and negotiating of underwriting / placement and related agreements, legal due diligence, advice on regulatory and corporate government matters, liaising with the JSE and other regulators and the provision of required legal opinions. In recent years, the team has advised local and international global bookrunners, underwriters, and issuer clients on some of the largest and most high profile global equity capital market transactions with a South African or African connection.
Chambers Review
Bowmans offers a deep bench of experienced lawyers with an outstanding reputation in both debt and equity capital markets in South Africa. The team is involved in a variety of domestic and cross-border matters, and it frequently assists major regional and international financial institutions and corporates with high-value note programmes and bond issuances. The department is equally well versed in IPOs, inward listings, accelerated bookbuild share placements and Black Economic Empowerment matters. The team regularly acts as counsel to bookrunners and underwriters as well as issuers, and provides counsel on regulatory developments concerning the Johannesburg Stock Exchange.
Work Highlights
- Bowmans advised Transnet on the amendment and restatement of its ZAR80 billion domestic medium-term note programme.
Strengths
Provided by Chambers
"Bowmans has a very strong capital markets practice and has helped us on a number of complex transactions. It has built up a very strong track record in the market and has great strength in depth."
"Bowmans has a technically strong, well-resourced team with senior partners providing good oversight."
"Bowmans has a very strong capital markets practice and has helped us on a number of complex transactions. It has built up a very strong track record in the market and has great strength in depth."
"Bowmans has a technically strong, well-resourced team with senior partners providing good oversight."
Notable Practitioners
Casper van Heerden is a debt capital markets lawyer who is renowned for his expertise. With a particularly strong reputation among issuer-side entities, his impressive client portfolio features major names in manufacturing, mining and financial services.
Ezra Davids is a household name in the field of equity capital markets. Alongside his market-leading M&A practice, he assists clients with the full IPO process, as well as acting on accelerated bookbuilds and private placements. He works out of the firm's Johannesburg office.
"Ezra is always thoughtful and focused on targeted commercial outcomes."
David Yuill is highlighted for the impressive breadth he maintains in his capital markets practice, advising issuers, dealers and underwriters involved in significant capital raisings in South Africa. Working out of Johannesburg, he also has considerable experience taking lead roles in novel transactions featuring complex regulatory and securities components.
"David is excellent. He provides sound advice, is responsive and is thoroughly pleasant to work with."
Ryan Wessels continues to grow his reputation in the South African corporate finance market, with particularly notable strength in rights issues and private placement agreements. He acts for both issuers and bookrunners, and has played a key role in international securities sales.
"Ryan is very proactive, able to identify key legal issues in a transaction and provides very sound advice."
Ranked Lawyers at
Bowmans
South Africa
Members
Provided by Bowmans
Charles Douglas
Charles Smith
Head of Department
Ian Kirkman
Ulrike Naumann
Clients
Provided by Bowmans
BNP Paribas Arbitrage Issuance B.V. (DCM)
Dischem Pharmacies Limited (ECM)
Goldman Sachs International
International Finance Corporation (DCM)
Land and Agricultural Development Bank of South Africa (DCM)
Nedbank
PPC Limited (ECM)
Rand Merchant Bank
Royal Bafokeng Platinum Limited (ECM / DCM)
Standard Bank Namibia Limited (DCM)
Steinhoff Services Limited (DCM)
The Spar Group Limited (ECM)
The Standard Bank of South Africa Limited
Industries
Provided by Bowmans
Aerospace & Defence
Automobiles & Parts
Banking
Charities / Not for Profit
Construction & Materials
Energy
Financial Services
Food & Drink Producers
Forestry & Paper
Government
Health Care
Insurance
Media
Mining & Metals
Pharmaceuticals & Life Sciences
Real Estate
Real Estate Finance
Retail
Telecommunications
Utilities
•Real Estate