LONDON, 26 May 2026 – Baker Botts L.L.P. has advised the Arab Republic of Egypt’s issuance of its U.S.$1 billion 7.625% Social Bonds due 2034 under its U.S.$40 billion Global Medium-Term Note Programme.

The eight-year bonds were issued at par and priced to yield 6.7%, with the orderbook more than five times oversubscribed, reflecting strong demand from international investors for Egypt’s debut social bond offering. The transaction represents a landmark social bond issuance for Egypt, highlighting sustained investor appetite for sovereign ESG-linked debt and continued access to international capital markets for MENA sovereign issuers.

The Notes are listed on the London Stock Exchange and settled through Euroclear, Clearstream and DTC.

Proceeds will be used to finance social and development projects, including healthcare and education initiatives, and to support investment in human capital.

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

This transaction builds on the team’s established role advising the Arab Republic of Egypt on its international securities offerings, including multiple issuances under its GMTN Programme, as well as its Trust Certificates Issuance Programme and other sovereign financings.

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