LeBoeuf Lamb Greene & MacRae and Skadden Arps Slate Meagher & Flom have advised on the first Egyptian-denominated Eurobond offering, worth around $1bn (£486m).
August 01, 2007 at 09:56 PM
1 minute read
The original version of this story was published on Legalweek
LeBoeuf Lamb Greene & MacRae and Skadden Arps Slate Meagher & Flom have advised on the first Egyptian-denominated Eurobond offering, worth around $1bn (£486m).
The five-year notes were issued by the Arab Republic of Egypt. This is payable in US dollars but indexed to the local currency – making it the country’s second-ever Eurobond issue and the first to be denominated in Egyptian pounds. It comes as Egypt attempts to improve its access to international capital markets.
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