Egyptian sovereign’s $4bn notes offering

Linklaters has advised on the recent $4bn bond issue by the Egyptian sovereign. The bonds were issued at three maturities with a five-year and 10-year tranche raising $1.25bn each and a 30-year tranche raising $1.5bn.

The bonds are listed solely on the London Stock Exchange, taking the total number of African sovereign bonds listed in London to 19, including those by Gabon, Ghana, Nigeria and Zambia.

Linklaters advised Citigroup, First Abu Dhabi Bank, HSBC Bank, J.P.Morgan and Morgan Stanley as the joint lead managers on the deal. The team was led by Capital Markets partners Richard O’Callaghan and Cecil Quillen (picture).

 

Involved fees earner: Cecil Quillen – Linklaters; Richard O’Callaghan – Linklaters;

Law Firms: Linklaters;

Clients: Citigroup Global Markets Ltd; HSBC; JP Morgan; Morgan Stanley; First Abu Dhabi Bank PJSC;