Clifford Chance has advised the joint bookrunners on a US$3.5 billion dual tranche bond issuance (across 12-year and 30-year tranches) by South Africa in the international capital markets. The issuance attracted a wide investor base from multiple jurisdictions, reflecting continued global investor confidence in the country’s fiscal management.
Partner and UK Head of Global Financial Markets Matt Fairclough commented:Â “We are proud to have played a key role in this important transaction for South Africa and it is a great vote of confidence for the bookrunners to have us work on this successful issuance. This transaction builds on the strength of our global sovereign debt advisory track record.”
Clifford Chance advises regularly on high-profile sovereign matters, including sovereign green, blue, and social bonds, as well as major sovereign debt restructurings in countries like Sri Lanka, Argentina, and Ghana. The firm’s global US Securities team provides expert advice on all aspects of US securities laws and capital markets transactions.
Senior associates Jake DuCharme and John Thomson and trainee solicitor Carolin Talver supported the joint bookrunners on this transaction, with partners Matt Fairclough and Johannes Juette supervising the transaction process.
