Previous Debt Capital Raising

Cargills Bank Limited – AT1 Convertible Debenture Issue

CT CLSA acted as the Joint Financial Advisor and Manager to the convertible debenture issue of LKR 1.5Bn issued by Cargills Bank Limited. CT CLSA advised the client on the structuring of the convertible debenture given the objective was to meet the minimum core capital requirement. CT CLSA also advised and developed a placement strategy for the debenture and arranged road shows with selected qualified investors.

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.