Finance & Capital Markets · Practice

Debt Capital Markets

Issuer and arranger-side counsel on the region's most complex debt issuances.

Overview

The full spectrum of debt capital markets.

We advise issuers, arrangers, trustees, and investors on domestic and international debt capital markets transactions — bonds, notes, sukuk, green and sustainability-linked instruments.

Our practice combines securities law depth with regulatory fluency and disciplined documentary craft, delivering issuances that price and place.

  • Corporate & sovereign bonds
  • Sukuk and Islamic finance
  • Sustainability-linked instruments
  • Programme establishment (MTN, EMTN)
Firm Perspective

How we approach this practice.

We advise on the issuance of corporate bonds, commercial paper programs, medium-term note programmes, and other debt securities. Our team is also active in the emerging market for green bonds and sustainable finance instruments, helping issuers tap into ESG-focused capital pools.

Capabilities

DCM capability across products.

Every mandate draws on the same integrated bench — corporate, regulatory, tax, and disputes — sequenced by a single partner.
Corporate & Sovereign Bonds

Domestic and Eurobond issuances, including listed and privately placed instruments.

Programme Documentation

MTN and EMTN programme establishment, updates, and drawdowns.

Green & Sustainability

Green, social, and sustainability-linked bonds with second-party opinion coordination.

Sukuk & Islamic

Sharia-compliant debt instruments with structural and documentary expertise.

Regulatory & Listing

CMA approvals and NSE listing execution across debt products.

Trustee & Agency

Trustee, paying agent, and calculation agent arrangements — issuer and trustee side.

How We Work

A disciplined path from concept to close.

  1. 01
    Commercial Alignment

    We start with the commercial map — economics, control, contributions, and outcome — before drafting a single clause.

  2. 02
    Structural Blueprint

    A structuring memo sets out the vehicle, jurisdiction, tax treatment, and regulatory path, benchmarked against comparable matters.

  3. 03
    Documentation

    Bespoke documentation drafted as an integrated instrument set — designed to survive later scrutiny.

  4. 04
    Approvals & Closing

    Regulator engagement, condition-precedent management, and a disciplined closing choreography.

  5. 05
    Stewardship

    Ongoing counsel through the life of the matter — governance, calendaring, and dispute-prevention.

Representative Experience

Selected DCM mandates.

A partial view of the mandates we have advised on — sanitised for confidentiality, but indicative of the scale and complexity of our work.

  • 01

    Advised the arrangers on a KES 15bn medium-term note programme for a listed corporate issuer.

  • 02

    Counsel to the issuer on a debut green bond for a regional infrastructure sponsor.

  • 03

    Advised the trustee on a distressed bond restructuring across two jurisdictions.

  • 04

    Acted for the arrangers on a sovereign-linked Eurobond issuance.

Key Contacts

Partners leading the practice.

Yusuf Hudheifa
Yusuf Hudheifa
Managing Partner
Aisha Nengo
Aisha Nengo
Senior Partner
Related Practice Areas

Where this work connects.

Insight
Green bond frameworks in East Africa — a market update.
Read the briefing
Instruct the Firm

Considering a matter? Speak with the partner who will run it.

A confidential, no-obligation conversation with a partner — usually within one business day.