Clifford Chance advises on Egypt's first samurai bonds issuance
Leading international law firm Clifford Chance has advised the Ministry of Finance of the Arab Republic of Egypt with respect to its inaugural issuance of US$496 million (JPY60 billion) samurai bonds due 2027. Issued on a private placement basis, the bonds mark the first sovereign samurai bond issued by a country from the African continent or from the Middle East. The bonds were also issued with an original and first-ever attempted credit enhancement scheme.
Source: cliffordchance.com