News Column

United States : Akin Gump Advises Banglalink on Inaugural $300 Million Bangladesh Bond

May 9, 2014



Akin Gump has advised Banglalink Digital Communications Limited, a subsidiary of VimpelCom Ltd., on an innovative $300 million Rule 144A/Regulation S high-yield bond offering first. Banglalink issued $300 million Senior Notes due 2019, listed on the Singapore Exchange.

This groundbreaking transaction represents the first international bond offering from Bangladesh there has never been a Bangladesh sovereign bond or corporate bond issue on the international capital markets before.

Banglalink, which is the second-largest mobile network operator in Bangladesh, provides mobile telecoms services to corporate and consumer customers across the country. The company plans to use the proceeds to repay existing debt and finance capital expenditures.

Akin Gump London corporate partners Lisa Hearn and Fred Heller advised Banglalink, supported by a team in London, New York and Dallas.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: TendersInfo (India)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters