Linklaters Advises on US$300m Rule 144A and Regulation S Sovereign Bond Issuance by the Lao People’s Democratic Republic

"Linklaters advised the managers on the Lao People’s Democratic Republic’s US$300m issuance of 11.25% senior unsecured notes due 2030 under Rule 144A and Regulation S, listed on the SGX-ST. Proceeds will refinance government debt and fund general governmental purposes, marking Lao PDR’s return to international capital markets since 2019."

Linklaters advised the managers on the successful issuance by the Lao People’s Democratic Republic (Lao PDR) of US$300 million 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). The transaction marks Lao PDR’s return to the international capital markets and engagement with global investors since its last issuance in 2019. Proceeds from the offering will be used to refinance existing government indebtedness and for general governmental purposes. Linklaters represented the managers with a team composed by: Amit Singh (partner and Head of Southeast Asia Capital Markets), Xunming Lim (counsel) and Alwyn Loy (managing associate). Amit Singh commented that Linklaters was delighted to support this significant transaction for Lao PDR and that the deal underlines the firm’s strengths in advising on complex cross-border sovereign issuances across Southeast Asia.

Linklaters Advises on US$300m Rule 144A and Regulation S Sovereign Bond Issuance by the Lao People’s Democratic Republic

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