Dewey & LeBoeuf has advised on one of the largest non-US voluntary debt exchange offers, advising as the Lebanese Republic issued nearly $2.4bn (£1.7bn) in new bonds.

The deal, which is intended to help increase the country’s financial flexibility and extend its debt maturity profile, saw Dewey advise a consortium of banks including Byblos Bank, Credit Libanais and Credit Suisse Securities (Europe) through a team headed by London corporate partners Louise Roman Bernstein and Camille Abousleiman.