Davis Polk advised Barclays Bank PLC, Citigroup Global Markets Inc. and The Hongkong and Shanghai Banking Corporation Limited as the joint lead managers in connection with the Rule 144A/Regulation S offering by National Savings Bank of its $750 million 8.875% senior notes due 2018. 

Established in 1971, National Savings Bank is one of the largest banks in Sri Lanka in terms of customer reach and third-largest in terms of total customer deposit base. 

The Davis Polk corporate team included partner Eugene C. Gregor and counsel Ferish Patel. Partner John D. Paton and counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.