The Arab Republic of Egypt announced yesterday that it successfully issued sovereign bonds in an aggregate principal amount of US$1.5 billion. This is a landmark transaction for Egypt, marking the country’s return to the international debt capital markets after a nearly five-year absence. It is the largest single tranche issuance by the Republic to date. Egypt was advised by a team from Dechert LLP consisting of Camille Abousleiman, Patrick Lyons and Jennifer Buckett.
“We were happy to represent Egypt in its successful return to the international markets, having worked on Egypt’s inaugural bond and its international Egyptian Pound-denominated issue ” said Abousleiman. “Our team is pleased to continue our strong track record of advising on debt capital markets in the region.”
The joint lead managers were represented by Latham & Watkins ( J. David Stewart, Edward Kempson and Alexander Kartyshev).
Source: www.dechert.com
