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Allen & Overy has advised the Sri Lankan government on the issuance of a dual tranche bond offering worth $2.4 billion, with Mayer Brown counselling the joint lead managers and local firm FJ & G De Saram representing the underwriters.

The offering comprises $1 billion of 6.85 percent bonds due in 2024 and $1.4 billion of 7.85 percent bonds due in 2029. It marks Sri Lanka’s thirteenth U.S. dollar benchmark offering in the international bond markets since 2007.

In a first for Sri Lanka, the bonds are expected to be listed on the London Stock Exchange (LSE) to be admitted to the LSE’s International Securities Market (ISM). 

The Mayer Brown team was led by partner Thomas Kollar.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

 

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