Global law firm Clifford Chance has advised the Lao People’s Democratic Republic, represented by its Ministry of Finance, on the issuance of its US$500 million 9.625% bonds due 2032.
The issuance marks Lao PDR’s return to the international bond market for the second time, following its US$300 million sovereign bond issuance in November 2025, on which Clifford Chance also advised.
The bonds were issued pursuant to Rule 144A and Regulation S and listed on the Hong Kong Stock Exchange. MUFG Securities EMEA plc and Seaport Global (DIFC) Limited acted as joint lead managers, with Phongsavanh Bank acting as local financial adviser.
The Clifford Chance team was led by senior associates Nigel Leong in Singapore and George Mok in Hong Kong, with partners Matt Fairclough, Johannes Juette and Mark Chan.
Press contact: Emma Cessford / Fenix Wong
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