Simpson Thacher & Bartlett and Clifford Chance took the lead roles on a $1.2 billion sovereign bond issuance from the Republic of Guatemala aimed in part at helping the Central American country fight COVID-19.

Simpson Thacher advised Guatemala on the dual-tranche offering as governments across the globe scramble for relief from the health and economic impacts of the new coronavirus, while Clifford Chance represented BofA Securities as global coordinator, sole bookrunner and structuring agent for the deal.