Debt Markets

Adept at advising on fund requirements of large institutions

Noted for the depth and breadth of our Debt Markets practice, our team brings the necessary expertise to meet the continuously evolving and diverse funding requirements of the largest institutions and sophisticated companies.

We have market-leading experience advising both issuers and underwriters across the whole spectrum of debt capital markets products including high-yield bonds, regulatory capital transactions, listed securitized instruments, masala bonds and MTN programmes.

Our Debt Markets practice is at the forefront of innovative financing solutions, helping clients navigate complex regulatory frameworks and access global capital markets efficiently.

Advising both issuers and underwriters across the whole spectrum of debt capital markets products

$50B+
Total Deal Value
200+
Debt Issuances Advised
100+
Active Clients
15+
Years Market Leadership

Debt Products We Advise On

Our comprehensive coverage spans the entire debt capital markets spectrum:

High-Yield Bonds
Regulatory Capital Transactions
Listed Securitized Instruments
Masala Bonds
MTN Programmes (Medium Term Notes)
Green Bonds
Social Bonds
Sustainability Linked Bonds
Commercial Paper
Certificate of Deposits
Non-Convertible Debentures (NCDs)
Perpetual Bonds
Foreign Currency Convertible Bonds (FCCBs)
External Commercial Borrowings (ECB)

Clients We Serve

Trusted by a diverse range of market participants:

Public Sector Banks
Private Sector Banks
Foreign Banks
Financial Institutions
Corporate Treasuries
Mutual Funds
Insurance Companies
Pension Funds
Sovereign Wealth Funds
Asset Management Companies

Why Choose Us

📈

Market-Leading Experience

Advising both issuers and underwriters across all debt capital markets products

🌍

Cross-Border Expertise

Seamless handling of international and domestic debt transactions

🏦

Large Institution Focus

Adept at advising on fund requirements of large institutions

Innovative Structures

Pioneering first-of-its-kind debt market transactions in India

📊

Market Leadership in Debt Markets

Our team has been consistently ranked as a top-tier Debt Markets practice by leading international legal directories including Chambers Asia-Pacific, Legal 500, and IFLR1000. We continue to set benchmarks with innovative first-of-its-kind transactions.


Stand Out Deals

View All →

Cyril Amarchand Mangaldas advised RBI on first-ever masala bond issuance by Indian entity

15/03/2026
Debt MarketsMasala Bonds

CAM acted as legal counsel to SBI on $1.25 Billion Regulatory Capital Transaction

28/02/2026
Debt MarketsRegulatory Capital

Cyril Amarchand Mangaldas advised HDFC on MTN Programme worth $5 Billion

10/01/2026
Debt MarketsMTN Programme

CAM acted as legal advisor to ICICI Bank on High-Yield Bond Issuance

05/12/2025
Debt MarketsHigh-Yield Bonds

Key Contacts

YA

Yash J. Ashar

Senior Partner

Get in touch
SJ

Santosh Janakiram

Senior Partner

Get in touch

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