{"id":600401,"date":"2019-01-29T04:26:26","date_gmt":"2019-01-29T04:26:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/"},"modified":"2019-01-29T04:26:26","modified_gmt":"2019-01-29T04:26:26","slug":"egypt-picks-banks-legal-advisors-for-international-bond-issuances","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/","title":{"rendered":"Egypt picks banks, legal advisors for international bond issuances"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <b>Egypt picks banks, legal advisors for int\u2019l bond issuances:<\/b> The Finance Ministry has selected the investment banks that will advise on a both USD- and EUR- denominated eurobond issuances that will go to market before the current fiscal year ends in June, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a1-28-1-2019.aspx\">the ministry said in a statement<\/a>. <b>JP Morgan, HSBC, Goldman Sachs and Citibank<\/b> will advise on the USD-denominated eurobond issuance, while <b>BNP Paribas, Natixis, Bank of Alexandria, and Standard Chartered<\/b> were tapped to manage the EUR-denominated portion of the issuance. The <b>National Bank of Egypt and Banque Misr<\/b> will be \u201cassisting with the offerings,\u201d according to the statement. The ministry also picked <b>Al Tamimi & Co.<\/b> as domestic legal counsel and <b>Dechert LLP<\/b> as international legal counsel for all the offerings.<\/p>\n<p><b>More FX-denominated bonds in the offing this year: <\/b>The Finance Ministry is still planning to move ahead with a bond issuance in an Asian currency for the first time this year, the statement noted. The ministry had previously said that it will move ahead with samurai and panda bonds. The ministry also plans to issue green bonds for the first time this year.<\/p>\n<p><b>Background:<\/b> Egypt could issue USD 3-7 bn worth of FX-denominated bonds, pending approval from the Madbouly Cabinet, <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/14\/finmin-heads-east-ahead-of-egypts-bond-issuances\/\">Finance Minister Mohamed Maait said earlier this month<\/a>. Cabinet had signed off last week on the Finance Ministry\u2019s debt control strategy, <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/10\/finance-ministry-drafts-more-realistic-comprehensive-debt-strategy-raises-egypts-public-debt-targets\/\">which caps<\/a> Egypt\u2019s eurobond issuances at USD 22 bn until the end of FY2021-22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt picks banks, legal advisors for int\u2019l bond issuances: The Finance Ministry has selected the investment banks that will advise on a both USD- and EUR- denominated eurobond issuances that will go to market before the current fiscal year ends in June, the ministry said in a statement. JP Morgan, HSBC, Goldman Sachs and Citibank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":600402,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11350,204,7106,72,3690,503,1318,963,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-advisers","tag-banking","tag-debt","tag-enterpriseam","tag-eurobonds","tag-financial-services","tag-fiscal-policy","tag-law","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a50dee83-9965-48ec-bcde-6f3c532d1ce3","is_powered_by":true,"section_story_id":"af3b07f8-e0ea-436d-911d-ddd6ee9e03c1","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/5\/1090.jpg","photo_position":"above","related_issue":[600394],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt picks banks, legal advisors for international bond issuances - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt picks banks, legal advisors for international bond issuances\" \/>\n<meta property=\"og:description\" content=\"Egypt picks banks, legal advisors for int\u2019l bond issuances: The Finance Ministry has selected the investment banks that will advise on a both USD- and EUR- denominated eurobond issuances that will go to market before the current fiscal year ends in June, the ministry said in a statement. JP Morgan, HSBC, Goldman Sachs and Citibank [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-29T04:26:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1090.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt picks banks, legal advisors for international bond issuances\",\"datePublished\":\"2019-01-29T04:26:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/\"},\"wordCount\":249,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1090.jpg?fit=%2C&ssl=1\",\"keywords\":[\"advisers\",\"banking\",\"debt\",\"EnterpriseAM\",\"eurobonds\",\"financial services\",\"fiscal policy\",\"law\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/egypt-picks-banks-legal-advisors-for-international-bond-issuances\/\",\"name\":\"Egypt picks banks, legal advisors for international bond issuances - 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Egypt successfully issued USD 2 bn-worth of USD-denominated eurobonds in a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594495,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/31\/egypt-selects-five-international-banks-to-promote-usd-denominated-eurobond-issuance\/","url_meta":{"origin":600401,"position":2},"title":"Egypt selects five international banks to promote USD-denominated Eurobond issuance","author":"enterpriseam admin","date":"31 October 2019","format":false,"excerpt":"Egypt selects advisors for USD-denominated bond issuance this FY: Egypt has selected five international banks to advise on an upcoming USD-denominated bond issuance on the Luxembourg Stock Exchange, the Finance Ministry said, naming Citibank, JPMorgan, BNP Paribas, Natixis and Standard Chartered. Meanwhile, Al Tamimi & Company was selected as local\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592964,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/13\/egypt-to-offer-triple-tranche-usd-denominated-eurobonds-worth-at-least-usd-1-5-bn\/","url_meta":{"origin":600401,"position":3},"title":"Egypt to offer triple-tranche USD-denominated eurobonds worth at least USD 1.5 bn","author":"enterpriseam admin","date":"13 November 2019","format":false,"excerpt":"Gov\u2019t to offer at least USD 1.5 bn in triple-tranche USD-denominated eurobond issuance: Egypt\u2019s upcoming USD-denominated eurobond issuance will be split into three tranches, with the bonds carrying tenors of four, 12, and 40 years, according to a document seen by Reuters. The exact value of the issuances remains unclear,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597949,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/finmin-could-take-egypts-first-sovereign-sukuks-to-market-by-early-2020-looks-to-hike-cap-on-eurobond-issuances-through-fy2021-2022\/","url_meta":{"origin":600401,"position":4},"title":"FinMin could take Egypt\u2019s first sovereign sukuks to market by early 2020, looks to hike cap on eurobond issuances through FY2021-2022","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"EXCLUSIVE- Egypt could take to market its maiden issuance of sovereign sukuks in early 2020, a senior government official tells us. Finance Ministry officials have met with executives from Abu Dhabi Islamic Bank and other GCC-based institutions to learn more about the process and the target markets. The ministry will\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/1783.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599836,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/seven-law-firms-bid-to-act-as-legal-advisors-in-egypts-upcoming-eurobond-issuance\/","url_meta":{"origin":600401,"position":5},"title":"Seven law firms bid to act as legal advisors in Egypt\u2019s upcoming eurobond issuance","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"EXCLUSIVE- Seven law firms bidding to act as legal advisors in Egypt\u2019s upcoming eurobond issuance: Seven local and international law firms, including Shalakany Law Office, Zulficar & Partners, Zaki Hashem & Partners, White & Case, and Baker McKenzie, have submitted bids to the Finance Ministry to act as legal advisors\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600401"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600401\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600402"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600401"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600401"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}