White & Case Advises Citigroup Global Markets Inc. on Landmark Bangladeshi High Yield Bond Issue
Global law firm White & Case LLP has advised Citigroup Global Markets Inc. as the sole bookrunner on a landmark Rule 144A/Regulation S high yield bond offering by Banglalink Digital Communications Limited, the second largest mobile telecoms operator in Bangladesh in terms of market share. Banglalink issued US$300 million 8.625 percent Senior Notes due 2019.
It is the first international bond offer and also the first high yield bond offer from Bangladesh. Banglalink, which provides mobile telecoms services to retail, corporate and other customer segments through prepaid and post-paid product offerings, will use the proceeds to repay existing debt and finance capital expenditures.
Hong Kong-based White & Case capital markets partner Anna-Marie Slot, who co-led the team which advised on the transaction, said: "We were very pleased to support Citi in the successful completion of this milestone deal, which showcased our Firm's substantial strength in the international high yield market and in pioneering new markets with our clients."
The cross-border White & Case team which advised on the Banglalink transaction was led by partners Anna-Marie Slot (Hong Kong) and Rob Mathews (London) and included partners Jill Concannon (London) and Raymond Simon (New York), with support from associates Yanni Guo (Hong Kong), Meenakshi Roy (London), Kevin O'Neill (New York), Joann Ho, Sarita Malakar and Caitlyn McCarthy (all Singapore).
White & Case also advised on the recent high yield offering by MIE Holdings Corporation of US$500 million Senior Notes due 2019.
The team from White & Case which advised on the MIE Holdings offering was led by partner Anna-Marie Slot (Hong Kong) and included partners Maxim Telemtayev (Astana) and Raymond Simon (New York) and associates Ady Adefris (Hong Kong), Zarina Baikenzhina, Timur Odilov and Mukhtar Nurzhigitov (all Astana) and Semion Issyk and Nargiza Khamraveva (both Almaty).
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