5th of December, 2018

Sharkawy & Sarhan Advised the Ministry of Finance on the Issuance of Two New Tranches of Eurobonds Maturing on November 2030

Keywords: Financial Institutions, Banking & Finance

Sharkawy & Sarhan law firm advised the Ministry of Finance on the issuance of two new tranches of Eurobonds (i) U.S.$860,000,000 (7.125%), maturing on 10 November 2026; and (ii) U.S.$1,710,000,000 (7.625%), maturing on 10 November 2030, which were listed on Euronext Dublin and approved for trading on its main securities market. The Central Bank of Egypt privately subscribed to the two tranches, and exchanged them with a syndicate of banks through a reverse repo mechanism. Sharkawy & Sarhan team working on the transaction included Ahmed El Sharkawy, Mohamed Nabil Hazzaa, Esraa Abdelmoniem, Noha Eissa and Youssef Farouk. The transaction reflects the Ministry of Finance’s strategic plan to verify Egypt’s sources for financing of debts through issuing long term debt instruments. For further information about the transaction please see the Ministry’s official publication: https://lnkd.in/gSt2kYV

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Sharkawy & Sarhan law firm advised the Ministry of Finance on the issuance of two new tranches of Eurobonds maturing on November 2030

5 December, 2018
Keywords: Financial Institutions, Banking & Finance

Sharkawy & Sarhan law firm advised the Ministry of Finance on the issuance of two new tranches of Eurobonds (i) U.S.$860,000,000 (7.125%), maturing on 10 November 2026; and (ii) U.S.$1,710,000,000 (7.625%), maturing on 10 November 2030, which were listed on Euronext Dublin and approved for trading on its main securities market. The Central Bank of Egypt privately subscribed to the two tranches, and exchanged them with a syndicate of banks through a reverse repo mechanism. Sharkawy & Sarhan team working on the transaction included Ahmed El Sharkawy, Mohamed Nabil Hazzaa, Esraa Abdelmoniem, Noha Eissa and Youssef Farouk. The transaction reflects the Ministry of Finance’s strategic plan to verify Egypt’s sources for financing of debts through issuing long term debt instruments. For further information about the transaction please see the Ministry’s official publication: https://lnkd.in/gSt2kYV

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Key Contacts

Ahmed El Sharkawy

PARTNER

Mohamed Nabil Hazzaa

PARTNER

Key Contacts

Ahmed El Sharkawy

PARTNER

Mohamed Nabil Hazzaa

MANAGING ASSOCIATE

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