Camille Abousleiman focuses his practice on corporate finance and international capital markets matters, particularly debt offerings, equity securities, bonds and debt restructurings as well as merger and acquisition transactions.
Mr. Abousleiman advises sovereign, corporate and bank issuers, underwriters and trustees on global offerings of debt and equity securities, medium-term note programs and Eurobonds. He handles all types of debt structures including high yield and investment-grade debt, convertible notes, commercial paper, medium-term notes, senior secured and second lien notes and other instruments.
Additionally, Mr. Abousleiman advises corporate, banking and hedge fund clients on a range of merger and acquisition transactions including divestitures, auctions, tender offers, defensive strategies, going-private transactions and leveraged buy-outs.
Mr. Abousleiman’s experience also includes advising clients on complex sovereign and corporate international debt restructurings, consent solicitations and exchange offers across emerging markets. One of his most notable matters involved establishing the platform for restructuring the sovereign debt of the former Yugoslavia in order to reallocate the defaulted debt among its successor countries.
In Chambers UK, 2017, Mr. Abousleiman is praised as "an excellent strategic thinker" with a "broad expertise of the regional markets," who "considers all the international regulatory implications." He is also noted as a leading lawyer in IFLR1000's 2017 guide. Mr. Abousleiman is ranked in Chambers Global, 2016, where he is described as “a well-known and active figure in the capital markets sphere, [who] enjoys a particularly impressive profile for his work on debt deals. Sources appreciate that he is not your typical legal adviser - he combines the legal and financial sides to help the product move forward, and he has a very good understanding of the [Middle East] region." He was one of the finalists for the Financial Times Legal Innovator of the Year 2015, hailed as a “driving force behind legal work in capital markets in the Middle East”. He also led the team that won the Financial Times Most Innovative Law Firms for Finance Law Award 2015. He is ranked in Chambers UK, 2016 for debt capital markets in the UK, with clients citing "a very responsive lawyer who produces high-quality work." He is mentioned for his work in the emerging markets and in debt and equity capital markets in the 2015 and 2016 editions of The Legal 500 UK, where he is described as "excellent" and an "impressive individual with a proven track record" and is ranked in Chambers Global, 2015 as a standout figure abroad for his corporate work in Lebanon and debt and equity capital markets in the Middle East. Clients commented that "he is conscious of risk and our expectations. He has a superb knowledge of the environment and framework, and is very professional and very comprehensive in his approach." He is also recognized in Chambers UK, 2015 and Chambers Europe, 2015 for debt capital markets in the UK, with sources citing "the global nature of his advice, his broad expertise in international regulatory, and his extensive and in-depth knowledge." He was ranked in Chambers Global, 2014 for debt and equity capital markets Middle East-wide, for UK debt capital markets and as an expert based abroad for Lebanon corporate/commercial. Described as "a significant force" the directory says that "Everyone knows of him. He's a market leader.” He is ranked as a leading individual for banking and finance in Lebanon in The Legal 500 EMEA, 2015 and is mentioned for his work in debt and equity capital markets and in the emerging markets in The Legal 500 UK, 2015, being described as ‘excellent’. He is praised for his work in debt capital markets and emerging markets in The Legal 500 UK, 2014, with the directory citing his "extensive and in-depth knowledge of legal and regulatory issues." He is also recommended for debt capital markets in Chambers UK, 2014, which states that Mr. Abousleiman is “especially adept at advising on transactions in North Africa and the Middle East, and in Lebanon in particular.” He is "appreciated for the relationships and the experience” that he brings to matters. Mr. Abousleiman is recommended for his work in debt capital markets and in the emerging markets in The Legal 500 UK, 2013. Chambers UK, 2013 highlights his “strong reputation amongst peers for his work in Eastern Europe and the Middle East” and his “expertise in cross-border debt and equity transactions.” Chambers Global, 2013 highlights his work “advising on some of the most significant sovereign debt transactions in the emerging markets, with a particular focus upon the Middle East market.”
Significant RepresentationsInternational Capital Markets
Sovereign Debt Issuances
- Bank Audi s.a.l. in connection with its capital increase through the offering of 50,000,000 common shares in Bank Audi s.a.l., together with three Warrants per newly-issued common share exercisable for common shares in Odea Bank A.Ş. (Winner of the Financial Times Most Innovative Law Firms for Finance Law Award 2015)
- Commercial International Bank (Egypt) S.A.E. in connection with the listing and admission to the Official List and to trading on the London Stock Exchange of up to 500,000,000 additional Global Depositary Receipts.
- EFG-Hermes Holding S.A.E. in connection with the listing and admission to the Official List and to trading on the London Stock Exchange of up to 100,000,000 additional Global Depositary Shares.
- Bank Audi s.a.l. in connection with the Bank’s US$150 million offering of 1,500,000 shares of its US$6.00 Non-Cumulative Redeemable Series G Preferred Shares and the Bank’s US$75 million offering of 750,000 shares of its US$6.50 Non-Cumulative Redeemable Series H Preferred Shares.
- Credit Libanais S.A.L. in connection with the issuance of its US$100 million US$7.00 Tier I Non-Cumulative Perpetual Redeemable Series 2013 Preferred Shares.
- US$840 million IPO of Telecom Egypt and its dual listing on the Cairo and London Stock Exchanges, then the largest international IPO out of the Middle East and winner of the Telecom Finance “IPO of the Year” award.
- US$770 million IPO of Investcom LLC and its dual listing on the London Stock Exchange and the Dubai International Financial Exchange (the first company to list on NASDAQ Dubai).
- US$400 million IPO of Kingdom Hotel Investments and its dual listing on the London Stock Exchange and the Dubai International Financial Exchange (the second company to list on NASDAQ Dubai).
- US$700 million private placement of shares for Solidere International Limited.
- LE 4.5 billion (US$760 million) IPO of Talaat Mostafa Group and its listing on the Egyptian Stock Exchange.
- US$1.8 billion IPO of Zain Saudi Arabia and its listing on the Saudi Stock Exchange.
- The listing of Byblos Bank S.A.L. GDSs on the London Stock Exchange.
Mr Abousleiman has acted on over 80 sovereign debt issuances, including:
Bank and Corporate Debt Issuances
- US$4 billion multi-tranche sovereign bond issuance consisting of US$1.75 billion 6.125% notes due 2022, US$1 billion 7.50% notes due 2027 and US$1.25 billion 8.50% notes due 2047 for the Arab Republic of Egypt, issued under its US$10 billion Global Medium Term Note Programme.
- US$1.36 billion 4.622% Notes due 2017 and US$1.32 billion 6.750% Notes due 2024 and US$1.32 billion 7.000% Notes due 2028 for the Arab Republic of Egypt.
- US$1 billion 7.75% Notes due 2027 for the Hashemite Kingdom of Jordan.
- Periodic issuances and exchange offers under the Lebanese Republic’s U.S.$25 billion Global Medium-Term Notes Program, including, to date in 2015, the U.S.$800 million 6.2% Notes due 2025 (Series 73) and the U.S.$1.4 billion 6.65% Notes due 2030 (Series 74). Camille has acted on all sovereign bond issuances for Lebanon since the early 1990s.
- LBP 1.5 trillion Notes due 2017 for the Lebanese Republic (mtn-i 2010 European & Global Awards “European Landmark Deal of the Year Award”).
- US$1 billion 5.75% Notes due 2025 issued by Banque Centrale de Tunisie, acting on behalf of the Republic of Tunisia.
- US$500 million 2.452% Guaranteed Notes due 2021 issued by Banque Centrale de Tunisie, acting on behalf of the Republic of Tunisia, guaranteed by the United States of America, acting by and through USAID.
- US$485 million 1.686% Guaranteed Notes due 2019 issued by Banque Centrale de Tunisie, acting on behalf of the Republic of Tunisia, and guaranteed by the United States of America, acting by and through USAID.
- US$1 billion 2.578% Guaranteed Notes due 2022 and US$500 million 3.000% Guaranteed Notes due 2025 issued by Hashemite Kingdom of Jordan, each guaranteed by the United States of America, acting by and through USAID.
- US$1 billion 1.945% Guaranteed Notes due 2019 issued by Hashemite Kingdom of Jordan, guaranteed by the United States of America, acting by and through USAID.
- U.S.$ 1.5 billion debut Rule 144A bond issuances by the Kingdom of Morocco, which comprised a 10-year and a 30-year tranche, and a subsequent US$750 million tap offering.
- US$1.25 billion 2.503% Guaranteed Notes due 2020 issued by the Hashemite Kingdom of Jordan, guaranteed by the United States of America, acting by and through USAID.
- US$750 million Notes due 2015 for the Hashemite Kingdom of Jordan (its inaugural bond issue).
- the establishment of the Arab Republic of Egypt’s US$10 billion Global Medium Term Note Programme and the issuance of its US.$1.5 billion 5.875% Notes due 2025 (having acted as counsel in connection with bond issuances by Egypt since its inaugural bond issue in 2001).
- €1 billion 3.5% Notes due 2024 issued by the Kingdom of Morocco.
- US$500,000,000 4.25% Notes due 2022 and U.S.$250 million 5.50% Notes due 2042 issued by the Kingdom of Morocco.
- US$1 billion 4.25% Notes due 2022 and US$500 million 5.50% Notes due 2042 issued by the Kingdom of Morocco. The transaction was the first placement by a Moroccan of bonds in the United States.
- €1 billion Notes due 2020 for the Kingdom of Morocco (having acted as lead counsel in connection with all bond issuances by Morocco since its inaugural bond issue in 2003).
- US$500 million Notes due 2013 for Georgia (acting through the Ministry of Finance), its inaugural bond issue, as well Georgia’s offering of US$500 million 6.875% Notes due 2021.
- number of emerging market sovereigns in connection with their multilateral and bilateral international borrowings.
- bank muscat SAOG and J.P. Morgan Securities plc, as joint lead managers, on the debut issuance of US$1 billion 3.958% notes due 2025 by special purpose vehicle, Lamar Funding Limited, with the benefit of a guarantee by Oman Electricity Transmission Company S.A.O.C. (OETC). OETC is ultimately wholly-owned by the Government of Oman. This was the first ever investment grade international bond issuance by an Omani corporate entity and the largest ever international capital markets issuance out of the Sultanate of Oman.
- US$750 million 6.95% Senior Unsecured Notes due 2030 issued by State Oil Company of the Azerbaijan Republic (SOCAR).
- US$1 billion 4.75% Senior Unsecured Notes due 2023 issued by SOCAR.
- US$500 million 5.45% Notes due 2017 issued by SOCAR. The transaction marked SOCAR’s first Eurobond issuance and the first international Eurobond offering out of Azerbaijan.
- Periodic updates of OTE plc’s €6.5 billion Global Medium Term Note Programme.
- US$500 million 5.375% deposit certificates due 2017 issued by BankMed SAL.
- US$350 million 6.75% Subordinated Notes due 2023 issued by Bank Audi s.a.l.
- US$300 million 6.5% Convertible Fiduciary Notes due 2022 issued by The Bank of New York (Luxembourg) S.A. for the sole purpose of financing a US$300 million 6.5% Subordinated Loan to Byblos Bank S.A.L.
- US$600 million 5.25% Guaranteed Notes due 2015 issued by Nile Finance Limited and guaranteed by The National Bank of Egypt.
- US$200 million notes issued by Bank of Georgia.
- Over 30 debt capital market transactions for issuers out of Kazakhstan.
- Several banks on the issue of preference shares and convertible and subordinated bonds and other Tier 1 and Tier 2 capital listed and un-listed instruments.
- M1 Fashion and L Capital Asia on the acquisition of the Pepe Jeans group (including the Hackett brand), a Spanish-headquartered international group of companies operating in the fashion industry, from management and a group of private equity shareholders.
- A private equity fund in relation to the £1 billion acquisition, restructuring (pre-pack administration) and financing of Citibank Tower, Canary Wharf.
- The disposal by Bank Audi s.a.l. of 81% of the shares in LIA Insurance SAL to Saham Finances with an option to dispose of the remaining 19%.
- The US$480 million sale of a 20% indirect interest in the Mutanda mine in the Democratic Republic of Congo by High Grade Minerals S.A. to Glencore and the subsequent sale of a further 20% interest for US$430 million.
- The disposal of OK Foods by a group of individual sellers to Olam International Limited.
- The disposal by the owners of an artificial hair manufacturing and distribution business in various countries in Africa on their disposal of a 51% interest in the business in South Africa Mozambique and Nigeria to Godrej Consumer Products Limited.
- The disposal of a 44% stake in Korek Telecom (Iraq’s third largest mobile telecommunication operator) to a consortium of France Telecom and Agility.
- The US$370 million acquisition by Kingdom Holding Company of Kingdom Hotel Investments (a take private/de-listing of KHI) which was recognized by the International Financial Law Review with the 2010 “Middle East M&A Deal of the Year Award.”
- The US$1.34 billion acquisition by Vedanta Resources of zinc assets from Anglo American PLC.
- The US$913 million acquisition by a group of investors of EFG-Hermes’ 29% stake in the capital of Bank Audi s.a.l.
- The purchase by Bank Audi s.a.l. of Dresdner Bank Monaco S.A.M. from Commerzbank.
- The acquisition by EFG-Hermes of a 65% interest in Credit Libanais and an option to acquire a further 25% for a total transaction value of US$750 million.
- The US$5.5 billion purchase of Investcom LLC by The MTN Group.
- The €12.2 billion acquisition by Weather Capital of Wind Telecommunicazioni S.p.A.
Includes matters handled at Dechert or prior to joining the firm.
- Ad Hoc Group of Noteholders of the City of Kyiv on the restructuring of the City’s US$250,000,000 8% loan participation notes due 2015 and its US$300,000,000 9.375% loan participation notes due 2016. The restructuring was effected by an exchange offer and consent solicitation.
- The International Creditors’ Committee in connection with the restructuring of JSC Alliance Bank’s US$1.6 billion debt.
- Deutsche Bank AG, London Branch in relation to the restructuring of a Russian and Ukrainian agricultural business (the Valinor Group).
- The noteholders in relation to the restructuring of a UK and Russian oil and gas group Vostok Energy plc.
- The noteholders in relation to the US$550 million debt restructuring of a Kazakh oil and gas company Tristan Oil Ltd.
- The Bondholders’ Committee of Russian bank “International Industrial Bank” (IIB).
- The Bondholders and Other Senior Lenders Sub-Committee in connection with the restructuring of BTA Bank’s US$12 billion debt.
- The International Creditors’ Committee in connection with the restructuring of JSC Temirbank’s US$1.4 billion debt.
- The International Creditors’ Committee in connection with the restructuring of Astana Finance’s US$1.9 billion debt.
- The noteholders in connection with the restructuring of BMB Munai’s convertible senior notes.
- The noteholders of approximately US$300 million secured notes guaranteed by a Russian company.
- The noteholders in respect of the restructuring of US$560 million secured loan notes guaranteed by a Russian company.
Saint Joseph University Faculty of Law and Political Science, J.D., 1980
Harvard Law School, LL.M., 1981
The Fletcher School, Tufts University, M.A., 1982
Admitted in New York and Lebanon
Registered Foreign Lawyer, England and Wales