MOF Issuance of First Panda Bonds in the Chinese Market Awarded "Sovereign, Supra & Agency Bond Deal of the Year" by GFC Media Group

February 13, 2024

We are proud to announce that our client, Ministry of Finance | Egypt ("MOF"), has been awarded the “Sovereign, Supra & Agency Bond Deal of the Year” for its establishment in the first-ever issuance of RMB-denominated bonds ("Panda Bonds") in the Chinese market at 3.5 billion Renminbi, equivalent to approximately USD 500 million from the GFC Media Group Bonds, Loans & ESG Capital Markets Africa 2024 awards.
Our team was led by Hossam Gramon, Partner and Head of Banking & Project Finance, Karima Seyam, Senior Associate, Aya Badr, Associate and Yosr Allam, Junior Associate.
We are delighted to have worked alongside our esteemed colleagues from Fangda Partners, who acted as the Local Chinese Counsel to the MOF, and Dechert LLP, who acted as the International Counsel to the MOF.
Congratulations to the MOF and to all parties involved in this historical transaction!
For more information, you can check GFC Media Group presents Bonds & Loans coverage here.


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