IFLR1000

The Arab Republic of Egypt $4 billion Eurobond issue

14/2/2019
Investment grade bond/note issue, Sovereign bond issue
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$ 4 billion

Completed

14/2/2019

Overview:

  • The Arab Republic of Egypt has issued a $4 billion Eurobond.
  • The issue consists of $750 million 6.2004% notes due 2024; $1.75 billion 7.6003% notes due 2029; and $1.5 billion 8.7002% notes due 2049. All tranches are issued under the country's $20 billion GMTN programme established in 2015.
  • The issue follows similar bond issues in June 2017 ($4 billion) and November 2016 ($4 billion).

Sam Duke

 

Jurisdiction:

Egypt

Deal types:

Investment grade bond/note issue
Sovereign bond issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

Firms:
Dechert

Party: Arab Republic of Egypt (Issuer)

Lawyer: Patrick Lyons

Linklaters

Party: Goldman Sachs International (Joint lead manager)

Party: Banque Misr (Co lead manager)

Party: National Bank of Egypt S.A.E (Co lead manager)

Party: Citigroup Global Markets (Joint lead manager)

Party: JPMorgan Securities (Joint lead manager)

Party: HSBC (Joint lead manager)

Lawyers: Cecil Quillen, Richard O'Callaghan

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