Clifford Chance advises Lao PDR on its US$300 million international bond issuance

Global law firm Clifford Chance advised the Lao People’s Democratic Republic (Lao PDR), represented by its Ministry of Finance, on its successful issuance of US$300 million 11.25% Notes due 2030. The Notes, listed on the Singapore Exchange (SGX-ST), will support the government’s debt management and general budgetary needs.

The issuance of the bonds, offered to institutional investors under Rule 144A and Regulation S, marks a significant step in Lao PDR’s engagement with the international capital markets.

The transaction was supported by Clifford Chance cross-border global financial markets team in London, Singapore and New York, led by partners Matt Fairclough and Johannes Juette, together with senior associates Nigel Leong and Charlotte Tan and New York capital markets specialist Lewis Eldridge.