Akin Gump Advises Banglalink on $300 Million Bangladesh Bond

Monday, January 26, 2015 - 11:40


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.