Camille Abousleiman

camille-abousleiman

Camille Abousleiman

Partner

London | 160 Queen Victoria Street, London EC4V 4QQ
+44 20 7184 7400 | +44 20 7184 7001

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Camille Abousleiman is head of Dechert’s International Capital Markets Practice and Emerging Markets Group and is chairman of the London Management Committee. Mr. Abousleiman focuses his practice on corporate finance and international capital markets matters, particularly debt offerings, equity offerings and bond and debt restructurings, as well as merger and acquisition transactions. 

Mr. Abousleiman has a 30-year track record of advising on some of the most innovative and complex emerging market transactions. He advises sovereign, quasi-sovereign, corporate and bank issuers, underwriters and other transaction participants on a wide variety of debt and equity offerings, including medium-term note programmes, Eurobonds, Islamic financing, private placements, block trades and initial public offerings. 

In addition, 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 the emerging markets. 

Described as "very astute", Mr. Abousleiman is ranked in Chambers UK, 2019, for debt capital markets. He is listed as a 'leading individual' in The Legal 500 UK, 2018, for debt capital markets and emerging markets, where he is described as a "leading light in emerging markets sovereign and quasi-sovereign debt deals." The 2018 edition of The Legal 500 UK, also mentions his work for corporate restructuring and insolvency as well as his work for equity capital markets, by noting his experience in the Middle East and Africa. In the 2018 editions of Chambers Global, Chambers Europe, and Chambers UK, Mr. Abousleiman is noted for being well known in the market for his debt capital markets work in particular in the Middle East and North Africa, with clients reporting that "he has an unbelievable reputation in the region." 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 IFLR 1000’s 2017 guide and in Chambers Global, 2017 for capital markets in the Middle East and for corporate and finance in Lebanon. 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.”  

Mr. Abousleiman led the team named Banking and Finance Team of the Year at Legal Week’s Middle East Legal Awards 2017. He was a finalist for the Financial Times Legal Innovator of the Year 2015 in Europe, hailed as a “driving force behind legal work in capital markets in the Middle East” and also led the team that won the Financial Times Most Innovative Law Firms for Finance Law Award in Europe in 2015. 

In 2017 the International Financial Law Review honoured Mr. Abousleiman with its Lifetime Achievement Award at the IFLR Middle East Awards 2017, which recognized lawyers and legal teams that have broken new ground and set market precedent when structuring cross-border transactions. 

Mr. Abousleiman was named a 2018 Dealmaker of the Year by The American Lawyer. The award program, which recognizes “the deals that mattered most in 2017 and the attorneys who made them happen,” is widely considered one of the most respected legal accolades in the corporate world.

Experience

International Capital Markets

Sovereign Debt Issuances

Mr. Abousleiman has acted on over 100 sovereign debt issuances, including:

  • Bond and sukuk issuances by the Kingdom of Bahrain in an aggregate principal amount of U.S.$4 billion, including, most recently, the issuance of its U.S.$1 billion Trust Certificates due 5 October 2025 (through CBB International Sukuk Company 7 S.P.C.).
  • The establishment of the Arab Republic of Egypt’s U.S.$20 billion global medium-term note programme and the issuance of an aggregate principal amount of U.S.$12.5 billion and €2 billion of Notes thereunder, including, in 2017, a U.S.$4 billion multi-tranche issuance, which was the first triple-tranche bond from the African continent. (Mr. Abousleiman and his team won the Banking and Finance Team of the Year Award 2017 at Legal Week’s Middle East Legal Awards for work on the U.S.$ 4 billion multi-tranche issuance. The establishment of the programme and initial issuance thereunder was also named winner of the “Award for Sub-Investment Grade Bond/Sukuk Deal of the Year” at the 2015 Bonds, Loans & Sukuk Middle East Awards).
  • The issuance of an aggregate principal amount of U.S.$4 billion of Eurobonds by the Arab Republic of Egypt in a private placement with the Central Bank of Egypt (as part of a reverse-repo transaction undertaken by the Central Bank of Egypt).
  • All Eurobond issuances by Banque Centrale de Tunisie, acting on behalf of the Republic of Tunisia, since 2012, in an aggregate principal amount of €850 million in Euro-denominated issuances and U.S.$2.5 billion in U.S. Dollar-denominated issuances, including, in 2017, the issuance of its U.S.$1 billion 3.50% Amortising Notes due 2022. The inaugural and all follow-on U.S.-guaranteed bonds issued by Banque Centrale de Tunisie, acting on behalf of the Republic of Tunisia, in an aggregate principal amount of U.S.$985 million.
  • The inaugural and all follow-on Eurobond issuances by the Hashemite Kingdom of Jordan in an aggregate principal amount of U.S.$2.75 billion, including, in 2017, the issuance of its U.S.$1 billion 7.375% Notes due 2047.
  • The inaugural and all follow-on U.S.-guaranteed bonds issued by the Hashemite Kingdom of Jordan in an aggregate principal amount of U.S.$3.25 billion.
  • The inaugural and all follow-on Eurobond issuances by the Kingdom of Morocco in an aggregate principal amount of €2.5 billion in Euro-denominated issuances and U.S.$2.25 billion in U.S. Dollar-denominated issuances. 
  • All sovereign bond issuances by the Lebanese Republic since 1995, including periodic issuances and exchange offers under the Lebanese Republic’s U.S.$28 billion global medium-term note programme, and, in 2017, the issuance of an aggregate principal amount of U.S.$3 billion of Eurobonds thereunder issued in March 2017. (Winner of Sub Investment Grade Bond/Sukuk Deal of the Year at GFC Media Group’s Bonds, Loans & Sukuk Middle East Awards 2017).
  • The establishment of the Lebanese Republic’s LBP-denominated medium-term note programme and the issuance of its LBP 1.5 trillion Notes due 2017 thereunder. (Winner of the mtn-i 2010 European & Global Awards “European Landmark Deal of the Year Award”).
  • The inaugural and all follow-on Eurobond issuances by Georgia in an aggregate principal amount of U.S.$1 billion.
  • A number of emerging market sovereigns in connection with their multilateral and bilateral international borrowings.

Quasi-Sovereign, Bank and Corporate Debt Issuances

Mr. Abousleiman has acted on numerous quasi-sovereign, bank and corporate debt issuances across the emerging markets, including:

  • The U.S.$500 million 5.196% Notes due 2027 issued by OmGrid Funding Limited, with the benefit of a guarantee by Oman Electricity Transmission Company S.A.O.C. (OETC). (Shortlisted for IFLR Debt and Equity-Linked Team of the Year Award 2017).
  • The U.S.$1 billion 3.958% Notes due 2025 issued by Lamar Funding Limited, with the benefit of a guarantee by OETC(Winner of Sovereign/Quasi-Sovereign Financing Deal of the Year and Runner-Up for Investment Grade Bond 2015).
  • The inaugural and follow-on Eurobond issuances for State Oil Company of the Azerbaijan Republic (SOCAR) in an aggregate principal amount of U.S.$2.25 billion. (SOCAR’s debut bond issuance was the first international Eurobond offering out of Azerbaijan).
  • The U.S.$300 million 7.625% Fixed Rate Resettable Tier 2 Notes due 2027 by Odea Bank A.Ş, marking the bank’s inaugural international capital markets issuance.
  • Periodic updates and issuances under OTE plc’s €6.5 billion Global Medium Term Note Programme.
  • The establishment of Bankmed S.A.L.’s short-term certificates of deposit programme.
  • Over 30 debt capital market transactions for bank and corporate issuers out of the Lebanese Republic.
  • 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.

Equity/IPOs

Mr. Abousleiman’s equity capital markets representative transactions include:

  • The combined Egyptian and international offering of ordinary shares in Raya Contact Centre S.A.E.
  • The sale of a majority of the Common Shares of Credit Libanais S.A.L. by way of a private placement.
  • The periodic issuance of preferred shares by Bank Audi s.a.l.
  • The offering of 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 in Europe Award 2015).
  • The listing and admission to the Official List and to trading on the London Stock Exchange of additional Global Depositary Receipts of Commercial International Bank (Egypt) S.A.E.
  • The listing and admission to the Official List and to trading on the London Stock Exchange of additional Global Depositary Shares of EFG-Hermes Holding S.A.E.
  • Over 30 preferred and common share issuances by bank issuers in the Lebanese Republic.

Bond and Debt Restructurings

Mr. Abousleiman’s recent bond and debt restructuring representative transactions include:

  • Advising the ad hoc group of bondholders in respect of the financial restructuring by the Russian FESCO transportation group of its U.S.$875 million senior secured notes by way of a UK Scheme of Arrangement.
  • Advising the Bondholder’s Committee in connection with the restructuring of the indebtedness of Cell C, a South African mobile phone operator.
  • Advising VTB Capital PLC in connection with the refinancing of indebtedness of the Essar Group.
  • Advising the ad hoc group of noteholders of the City of Kyiv on the restructuring of the City’s U.S.$250 million 8% loan participation notes due 2015 and its U.S.$300 million 9.375% loan participation notes due 2016.
  • Advising the International Creditors’ Committee in connection with the restructuring of JSC Alliance Bank’s U.S.$1.6 billion debt.
  • Advising the noteholders in connection with the restructuring of UK and Russian oil and gas group, Vostok Energy plc.
  • Advising the noteholders in relation to the U.S.$550 million debt restructuring of Kazakh oil and gas company, Tristan Oil Ltd.

Corporate Finance/M&A

Mr. Abousleiman’s recent corporate finance and mergers and acquisitions representative transactions include:

  • The recommended takeover of Investcom LLC by MTN International (Mauritius) Limited for approximately U.S.$5.5 billion.
  • The spin out and sale by Bank Audi s.a.l. of its electronic payments and card services business.
  • The TL 1.0 billion capital increase of Odea Bank A.Ş, and the acquisition of shares by a number of international financial institutions.
  • The acquisition of the Pepe Jeans group (including the Hackett brand) by M1 Fashion and L Capital Asia from management and a group of private equity shareholders.
  • 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 U.S.$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 U.S.$430 million.
  • The disposal of OK Foods by a group of individual sellers to Olam International Limited.

Includes matters handled at Dechert or prior to joining the firm.

Education
  • 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
Admissions
  • Admitted in New York and Lebanon
  • Registered Foreign Lawyer, England and Wales
Languages
  • English
  • French
  • Arabic