Zaki Hashem advisor of Egypt’s green bonds listing on London Stock Exchange

Zaki Hashem & Partners advised on the Middle East and North Africa’s first ever sovereign green bond issuance in cooperation with Linklaters.

The bonds have been listed on the London Stock Exchange (LSE) and admitted to the LSE’s Sustainable Bond Market.

Linklaters and Zaki Hashem advised the joint bookrunners and joint lead managers, namely, Citigroup Global Markets Limited, Credit Agricole Corporate and Investment Bank, Deutsche Bank and HSBC Bank, which were selected to manage the bond issuance by the Egyptian Ministry of Finance.

Credit Agricole Corporate and Investment Bank and HSBC Bank also acted as green structuring advisers on the offering.

The bonds have been issued in Egypt, which currently has a portfolio of green projects valued at about 30 billion Pound Sterling.

The green bonds will allow the country to finance environmentally friendly green projects such as energy efficiency, prevention of pollution, green technologies and clean transportation.

In the aggregate principal amount of $ 750 million, the bonds are due in 2025.

Linklaters’ employed its capital markets team to advise, led by partner Richard O’Callaghan and including partner Cecil Quillen, managing associate Nicola Minervini, senior associate Scott James and associate Tiana Cherry.

Of counsel Ragia Omran led the Zaki Hashem advisory team, with assistance from senior associate Peter Maurice and associate Reem Abu-Zahra.