Our firm is unrivaled in experience as an adviser on securities offerings by major financial institutions. We have been leaders in the development of a wide range of complex capital securities, derivatives and other structured products. We also represent many of the world's leading financial institutions in their equity and senior and subordinated debt offerings. The world's largest financial institutions have relied on us to advise them in their capital-raising efforts during this period of unprecedented government regulation and financial market volatility.

Awards and Rankings

1^st band among global law firms in Debt and Equity Capital Markets – Chambers Global 2012 and Chambers USA 2012
According to Chambers Global 2012, clients had this to say about our capital markets practice:
- “A first-rate firm providing top-flight service.”
- “Great international capabilities.”
1^st tier among global law firms in Debt and Equity Capital Markets – IFLR1000 2013
“Securities/Capital Markets Law Firm of the Year” – U.S. News/Best Lawyers 2011 Best Law Firms rankings
Regularly ranked at the top of the capital markets league tables
1^st overall in 11 U.S. categories (no other firm placed first in more than 7 categories) – Thomson Reuters 1H 2012 rankings
More #1 rankings than any other U.S. firm across all categories – Bloomberg 1H 2012 rankings
1^st in 9 global and U.S. categories (more than any other firm) – Bloomberg 1H 2012 rankings

Notable Matters

American International Group ($47 billion). We advised the United States Department of the Treasury, as selling shareholder, on the $20.7 billion SEC-registered common stock offering of American International Group. This was the largest common stock offering in U.S. history. We also advised the Treasury on an aggregate of over $26 billion of SEC-registered common stock offerings of AIG.
General Motors Co. ($23.1 billion). We advised the underwriters on an initial public offering of common stock and convertible junior preferred stock of General Motors Company. This is the largest IPO in history.
Agricultural Bank of China ($22 billion). We advised Agricultural Bank of China, a leading commercial bank in China in terms of total assets, loans and deposits, on its Rule 144A/Regulation S global IPO and dual listing of H shares and A shares. This is the second-largest IPO in history and the largest-ever by an Asian issuer.
AIA Group Limited (HK$159 billion/US$20.5 billion). We advised the Federal Reserve Bank of New York (FRBNY) in connection with the global offering by AIA Group Limited, consisting of an initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. This is the largest-ever IPO on the Hong Kong Stock Exchange.
Deutsche Bank (€10.2 billion/$13.3 billion). We advised the joint bookrunners on the rights offering of ordinary shares of Deutsche Bank. This is the largest German capital raising in over 10 years.

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Morgan Stanley ($10 billion). We advised Morgan Stanley on two equity offerings and a non-FDIC guaranteed debt offering totaling over $10 billion dollars, designed to satisfy the Fed’s conditions for repaying the TARP preferred securities.
Sumitomo Mitsui Financial Group ($9.2 billion). We advised Sumitomo Mitsui Financial Group, one of the largest financial institutions in the world, on its $11.1 billion and its previous $9.2 billion global common stock offerings.
Banco Santander (Brasil) ($7.5 billion). We advised Banco Santander (Brasil), the fourth-largest multiple service bank in Brazil in terms of assets, on its $7.5 billion SEC-registered initial public offering of units, including in the form of ADSs. The offering was the largest global IPO in 2009 and the largest-ever IPO in Latin America.
Intel ($5 billion). We advised the joint book-running managers on a $5 billion SEC-registered offering of notes by Intel, a leading designer, manufacturer and seller of integrated circuits for computing and communications industries worldwide.
Santander Mexico ($4.1 billion). We advised Grupo Financiero Santander México, the second-largest financial services holding company in Mexico, on its $4.1 billion global offering, which included a $3.3 billion SEC-registered IPO of ADSs and a $780 million offering of Series B shares. This is the largest equity offering in Latin America so far in 2012, the largest-ever debut to take place on the Mexican market and the second-largest IPO in the world so far in 2012.
Banco do Brasil ($1.75 billion). We advised the initial purchasers on a $1 billion offering and $750 million reopening of Tier I perpetual non-cumulative junior subordinated securities by Banco do Brasil, the largest bank in Latin America in terms of total assets. This transaction was the first issuance ever by a Latin American bank of Tier 1 capital securities structured to comply with the expected implementation of Basel III.
FDIC's Temporary Liquidity Guarantee Program. We have advised on numerous debt offerings guaranteed under the FDIC's Temporary Liquidity Guarantee Program by issuers including Morgan Stanley, General Electric Capital and MetLife.

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