Structuring

We structure debt securities for sponsors, borrowers, and lenders. The work covers the design of the instrument, the choice of wrapper, and the path to investors. Five product types are delivered through this business line.

Listed Debt Securities

Notes or bonds issued under Luxembourg law, listed on Euro MTF or equivalent, settled through Euroclear. The institutional route — maximum investor access, secondary marketability, full creditor rights. Suitable for borrowers and sponsors who need depth of demand beyond a bilateral lender base.

Turnkey Luxembourg Issuance

Full-stack managed issuance: vehicle setup, AML, documentation, listing, settlement — delivered as a single service rather than coordinated across multiple Luxembourg providers. The speed product. Weeks not months, because the infrastructure runs continuously.

Actively Managed Certificates

Listed certificates wrapping an actively managed strategy. The certificate trades and settles like a security; the manager makes ongoing decisions inside the wrapper. Suitable for fund managers wanting a securitised distribution channel, family offices wanting a managed strategy delivered as a tradable instrument.

Securities-Funded Lending

Lending where the security wraps the loan into a tradable instrument from the start. Bridges the gap between bilateral private credit and capital markets distribution — lenders gain tradability and syndication optionality, borrowers gain access to a wider investor pool.

Syndicated Debt

Multi-lender facilities structured for distribution across a lender group. Suitable for transactions beyond a single lender's appetite, or where the lead lender wants to share the position.

Domiciliation

Any of the five products can be domiciled through BWC Markets Sàrl in Luxembourg, our in-house issuance vehicle. Clients with existing arrangements can also domicile elsewhere — Luxembourg is a capability we offer, not a constraint we impose.

The structuring work operates under Articles 28, 34, and 69 of the Regulated Activities Order, meaning the activity sits outside the FCA's regulated perimeter by design.

Lead

Henry Porter. Architects complex transactions across the practice.

Contact

henry@bluewatercapital.co.uk