Egypt’s $4 Billion Eurobond Offering

Dechert LLP advised the Arab Republic of Egypt in connection with a US$4 billion Eurobond Issuance consisting of US$750,000,000 6.2004% Notes due 2024, US$1.75 billion 7.6003% Notes due 2029 and US$1.5 billion 8.7002% Notes due 2049 issued under its US$20 billion GMTN Programme.

This transaction follows Dechert’s representation of the Republic in connection with a US$3 billion multi-tranche sovereign bond issuance in June 2017, a US$4 billion multi-tranche sovereign bond issuance in January 2017, and a US$4 billion bond in November 2016. The Dechert team also advised the Republic on the establishment of its GMTN Programme and the issuance of US$1.5 billion of notes thereunder in June 2015, which marked the country’s return to the international debt capital markets after a nearly five-year absence.

Egypt was advised by a London-based corporate team consisting of partner Patrick Lyons (Picture) and associates Jennifer Rees and Amy Rees.

Involved fees earner: Patrick Lyons – Dechert; Jennifer Rees – Dechert; Amy Rees – Dechert;

Law Firms: Dechert;

Clients: Egypt Arab Republic of;

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