Davis Polk advised the initial purchasers in connection with the Rule 144A/Regulation S offering by the Government of the Democratic Socialist Republic of Sri Lanka of US$650 million principal amount of its 6.125% bonds due 2025.

This was the first sovereign bond offering by Sri Lanka since the change in government after the presidential election in January 2015.

The Davis Polk corporate team included partner William F. Barron, counsel-registered foreign lawyer Gerhard Radtke and associate Shih-Jern Liang. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.    

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