Linklaters has advised the managers on the successful issuance by the Lao People’s Democratic Republic (Lao PDR) of US$300m 11.25% senior unsecured notes due 2030. The notes were issued under Rule 144A and Regulation S and are listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
This transaction marks Lao PDR’s return to the international capital markets and engagement with global investors since its last issuance in 2019. The proceeds from the offering will be used to refinance existing government indebtedness and for general governmental purposes.
The Linklaters team was led by partner and Head of Southeast Asia Capital Markets Amit Singh, with support from counsel Xunming Lim and managing associate Alwyn Loy.
Linklaters’ Head of Southeast Asia Capital Markets Amit Singh commented:
“We are delighted to have supported this significant transaction for Lao PDR. Furthermore, this deal underlines Linklaters’ strengths in advising on complex cross-border sovereign issuances across Southeast Asia.”
With one of the largest teams focussed on Southeast Asia, Linklaters has worked on numerous high-profile and landmark transactions and has an established reputation in the global and Asian capital markets.
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