Dechert Continues to Demonstrate Its Strength Advising on Sovereign Issuances with a Trio of Significant Transactions in Q1 2025 for Albania, Egypt and Sharjah

Dechert LLP’s market-leading international capital markets practice recently added to its strong track record advising on sovereign Eurobond transactions with the completion of three significant transactions for Albania, Egypt and Sharjah.

Dechert, a long-time adviser to the sovereign, advised the Arab Republic of Egypt on its dual-tranche offering of its US$1.25 billion 8.625% Notes due 2030 and US$750 million 9.450% Notes due 2033 under its Global Medium Term Note Programme, which closed on 4 February 2025. The transaction marked Egypt’s first U.S. Dollar-denominated bond transaction since 2021 (on which Dechert also advised).

Dechert also advised the Republic of Albania, acting through its Ministry of Finance, on the issuance of its €650 million 4.750% Notes due 2035, which closed on 14 February 2025.  This issuance, Albania’s largest ever transaction, followed Dechert’s previous representations of the Republic on all of its international Eurobond transactions since 2015.

Completing the trio of sovereign issuances, Dechert also advised the Dealers and Joint Lead Managers in connection with the issuance of €500 million 4.625% Notes due 2032 by the Government of the Emirate of Sharjah; a transaction which closed on 13 February 2025.

Each of the three transactions was significantly over-subscribed.

Dechert’s international capital markets team has a strong track record advising on innovative capital markets transactions in emerging markets and is a leading practice in representing sovereigns and state-owned enterprises. Most recently, our team has been recognized as a leading law firm for Capital Markets by Chambers and Partners in its 2025 Global Guide.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients' rights in extreme situations. Our nearly 1,000 lawyers across 19 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.