Dechert Advises the Banque Centrale de Tunisie on €700 million Eurobond Issuance
Continuing its leading role advising on MENA region sovereign bond transactions, in July 2019, Dechert’s International Capital Markets team advised Banque Centrale de Tunisie (the Central Bank of Tunisia), acting on behalf of The Republic of Tunisia, on the issuance of its €700 million 6.375% Notes due 2026. The seven-year Euro-denominated debt offering was oversubscribed.
Dechert’s multi-lingual team has acted for Banque Centrale de Tunisie on all its Eurobond issuances since 2012, including most recently, in 2018, on the issuance of its €500 million 6.75% Notes due 2023, and, in 2017, on the issuance of its U.S.$1 billion 3.50% Amortising Notes due 2022 and €850 million 5.625% Notes due 2024.
Dechert has a strong track record advising on innovative capital markets transactions in the emerging markets, establishing a leading practice advising on sovereign bond transactions from the Middle East and North Africa region. This transaction also followed Dechert’s role on recent issuances by the Arab Republic of Egypt and the Emirate of Sharjah in 2019.
The Dechert team advising on this deal was led by London corporate partner Patrick Lyons and associates Jennifer Rees and Chelsea Fish.
About Dechert
Dechert is a leading global law firm with 26 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.