We acted as local counsel to Ministry of Finance, Egypt (MoF) on the successful issuance of USD 1 billion in sovereign Eurobonds in the international debt markets: a USD 250 million, 3-year bond will be consolidated with existing USD 1.75 billion in bonds. A USD 250 million, 4-year bond will be consolidated with existing USD 1.25 billion in bonds. A USD 500 million, 7-year bond will be consolidated with existing 7-year bonds.

Our team was led by Hossam Gramon, Partner – Head of Banking & Project Finance, assisted by Karima Seyam, Senior Associate, and Nour Osama, Associate.

We congratulate Egypt’s MoF on this successful issuance, which reflects continued investor confidence in Egypt’s sovereign debt markets.

We are also pleased to have worked alongside our colleagues at Baker Botts, international legal counsel to the issuer, Linklaters, international counsel to the banks, and Zaki Hashem, Attorneys at Law, local counsel to the banks.

For more information, check out AlborsaNews’s coverage here.