Dechert Advises on Egypt’s US$4 Billion Eurobond Issuance
February 27, 2019
Dechert LLP advised the Arab Republic of Egypt in connection with a US$4 billion Eurobond Issuance consisting of US$750,000,000 6.2004% Notes due 2024, US$1.75 billion 7.6003% Notes due 2029 and US$1.5 billion 8.7002% Notes due 2049 issued under its US$20 billion GMTN Programme.
This transaction follows Dechert’s representation of the Republic in connection with a US$3 billion multi-tranche sovereign bond issuance in June 2017, a US$4 billion multi-tranche sovereign bond issuance in January 2017, and a US$4 billion bond in November 2016. The Dechert team also advised the Republic on the establishment of its GMTN Programme and the issuance of US$1.5 billion of notes thereunder in June 2015, which marked the country’s return to the international debt capital markets after a nearly five-year absence.
Egypt was advised by a London-based corporate team consisting of partner Patrick Lyons and associates Jennifer Rees and Amy Rees.
Dechert has a strong track record advising on innovative capital markets transactions in the emerging markets, and has established a leading practice in the representation of sovereigns from the Middle East and North Africa region. Dechert has been recognized by Cbonds as a Leading Issuer and Arranger Legal Advisor for Emerging Market International Bonds.
About Dechert
Dechert is a leading global law firm with 27 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
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