Sovereign Bond Issue – CITIC CLSA Securities acted as a Joint Bookrunner and Joint Lead Manager for the USD sovereign bond issuance for the Democratic Socialist Republic of Sri Lanka in May 2017. The 10-year USD 1.5 billion bond offering maturing in 2027 was priced at par with a coupon of 6.20%.
The Transaction marked the Republic’s 12th USD benchmark offering in the international bond markets but the first time in which there was a significant presence from Chinese lead managers and investors, owing to the contribution of CITIC CLSA. The deal generated over USD 11 Bn, well over 7x oversubscription from 500 investors globally.

Corporate Debt