Sovereign Bond Offerings and Liability Management Exercises – U.S. Perspectives

With recent increased activity in the area of sovereign bond offerings (including a rise in issuances of “green bonds”) and liability management transactions, we thought it timely to highlight certain U.S. legal considerations relevant to such transactions. The memorandum below provides an overview of the options available to non-U.S. government issuers planning to issue debt in the international capital markets or refinance their existing indebtedness.