LONDON, 5 May 2026 – Baker Botts L.L.P. has advised the Arab Republic of Egypt on its U.S.$1 billion multi-tranche sovereign note issuances under its U.S.$40 billion Global Medium Term Note Programme. 

The issuances, executed across March and April 2026, comprised three tranches:

• U.S.$500 million 9.450% Notes due 2033, to be consolidated with the existing U.S.$750 million 2033 Notes
• U.S.$250 million 7.6003% Notes due 2029, to be consolidated with the existing U.S.$1.75 billion 2029 Notes
• U.S.$250 million 8.625% Notes due 2030, to be consolidated with the existing U.S.$1.25 billion 2030 Notes

The Baker Botts team advising on the transaction included Patrick Lyons, Jennifer Rees and Amy Rees in London.

This latest issuance builds on the team’s longstanding role advising the Arab Republic of Egypt on its international debt offerings, including multiple issuances under its GMTN Programme, as well as Sukuk issuances under its Trust Certificate Programme. The team’s work on Egypt’s sovereign financings has been consistently recognized by leading international awards as market leading.

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