VIENTIANE: The Lao People’s Democratic Republic (Lao PDR) has announced that it is planning a possible international offering of new U.S. dollar denominated notes in December 2020,  subject  to  market  conditions.   

If  such  offering  is  for  an  aggregate  principal  amount  of  at  least US$150 million   Lao   PDR   will   use   part   of   the   proceeds   to   redeem   in   full   its   outstanding US$150 million 6.875% Notes due 2021. 

There can be no assurance that any such offering will be consummated at all or on terms described in this announcement.