Schedule B Sovereign Debt Issued under the Securities Act | Practical Law
An overview of how foreign sovereign governments and their political subdivisions offer and guarantee debt securities in the US registered and issued under Schedule B of the Securities Act of 1933. This note examines how Schedule B securities practice has evolved with little statutory and minor SEC guidance, including common disclosure practices, how foreign sovereigns can take advantage of no-action relief for shelf offerings procedures, limitations on sovereign liability and unique concerns for closing a Schedule B transaction.