Central Bank of Egypt’s $2 billion syndicated repurchase transaction


Slaughter and May has advised the Central Bank of Egypt on its $2 billion repurchase transaction with a consortium of international banks.

The consortium’s financing was provided against newly issued Arab Republic of Egypt dollar-denominated sovereign bonds, which are listed on the Irish Stock Exchange.

The transaction bolsters the liquidity and size of the international reserves of the Central Bank of Egypt.

Slaughter and May has advised the Central Bank of Egypt on the deal with a Financing team led by Ed Fife (partner, in picture), assisted by George Silber (associate) and Hiba Siddique (associate); on Tax law acted Dominic Robertson (partner) and Tanja Velling (associate)

Involved fees earner: Ed Fife – Slaughter and May; George Silber – Slaughter and May; Hiba Siddique – Slaughter and May; Dominic Robertson – Slaughter and May; Tanja Velling – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Central Bank of Egypt;