Sri Lanka’s $2.4 Billion Sovereign Bond Offering

Mayer Brown represented the joint lead managers in the issuance of a dual tranche bond offering totaling US$2.40 billion by the Democratic Socialist Republic of Sri Lanka.

The dual-tranche issuance, which comprised US$1.0 billion 6.85 percent bonds due in 2024 and US$1.4 billion 7.85 percent bonds due in 2029, was priced on March 7 and closed on March 14.

Citigroup, Deutsche Bank, HSBC, J.P. Morgan and Standard Chartered Bank acted as the Joint Lead Managers and Bookrunners on the transaction.

The offering generated robust demand from international investors, marking another successful return of the government of Sri Lanka to the US dollar bond market.

The Mayer Brown team was led by Thomas Kollar (Picture).

Involved fees earner: Thomas Kollar – Mayer & Brown;

Law Firms: Mayer & Brown;

Clients: Citigroup Global Markets Ltd; Deutsche Bank; HSBC; JP Morgan; Standard Chartered Bank ;

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Author: Michael Patrini