Sovereign Issuances

• The Arab Republic of Egypt in connection with issuances under its Global Medium Term Note Programme since 2015, including, in 2025, the issuance of its U.S.1.25 billion 8.625% Notes due 2030 and U.S.$750 million 9.450% Notes due 2033.
• The Arab Republic of Egypt in connection with its issuance of CNY¥3.5 billion 3.51% Guaranteed Sustainable Panda Bonds due 2026.
• The Kingdom on Bahrain in connection with issuances under its Global Medium Term Note Programme and Trust Certificate Programme, including, in 2025, the issuance of its U.S.$1.75 billion Trust Certificates due 2033 and U.S$750 million 7.50% Notes due 2037.
• The Republic of Albania (acting through its Ministry of Finance) in connection with standalone Eurobond issuances since 2015, including, in 2025, the issuance of its €650 million 4.75% Notes due 9 June 2028.
• The Sultanate of Oman in connection with its invitation to holders of: (i) three series of its Notes to tender such Notes for purchase by the Government; and (ii) the outstanding U.S.$2 billion 4.397% Trust Certificates due 2024 issued by Oman Sovereign Sukuk S.A.O.C. to tender any and all such Certificates for purchase by the Government for cash.
• The Hashemite Kingdom of Jordan in connection with standalone issuances and issuances under its Global Medium Term Note Programme, including its issuance of U.S.$1.25 billion 7.500% Notes due January 2029.
• The Joint Lead Managers in connection with standalone bond issuances by the Kingdom of Morocco, including, in 2025, the issuance of the Kingdom's €900 million 3.875% Notes due 2029 and €1.1 billion 4.750% Notes due 2035.
• The Managers in connection with the issuance of Trust Certificates and Notes by the Government of the Emirate of Sharjah, acting through the Sharjah Finance Department, including, in 2025, on the €500 million 4.625% Notes due 2032.

Quasi-Sovereign & Corporate Issuances

• Banque Ouest Africaine de Développement (BOAD) in connection with the issuance of its €750,000,000 2.75% Notes due 2033, its inaugural Euro-denominated issuance and inaugural sustainability bond.
• Eastern European Electric Company B.V. in connection with its debut Eurobond issuance of its €500 million 6.50% Guaranteed Secured Notes due 2030.
• The Arrangers and Dealers on programme updates and issuances by Energy Development Oman SAOG, including the issuance of U.S.$750 million Trust Certificates due 2031.
• JSC Development Bank of Kazakhstan on updates of, and issuances under, its Medium Term Note Programme, including, in 2025, the issuance of its U.S.$500 million 5.625% Notes due 2030 and the simultaneous tender offer to purchase outstanding Notes.
• JSC Georgian Railway in connection with the issuance of its U.S.$500 million 4.00% Green Bonds due 2028 and the simultaneous tender offer and mandatory redemption of a series of standalone bonds.
• JSC Ukrainian Railways in connection with its successful consent solicitations to restructure its loan participation notes.
• The Arrangers and Dealers on the establishment of a Trust Certificate Programme and Global Medium Term Note Programme by Nama Electricity Distribution Company SAOC and the issuance of U.S.$750 million Trust Certificates due 2032.
• Sindicatum Renewable Energy Company Pte Ltd in connection with the issuance of its ₱1,060,200,000 7.4% Guaranteed Green Bonds due 2028 payable in U.S. Dollars. GuarantCo Limited acted as Guarantor and ING Bank as Sole Lead Manager and Bookrunner.