White & Case and Dewey & LeBoeuf have advised on the issue of a $600m (£390m) eurobond by the National Bank of Egypt (NBE).

Dewey & LeBoeuf advised NBE - Egypt's largest bank – with London partner Camille Abousleiman (pictured) taking the lead role.

White & Case advised the underwriters, including Citigroup, Deutsche Bank and Morgan Stanley, with a team led by London partner Stuart Matty.

The issue was conducted through Cayman Islands company Nile Finance.

Matty said: "Given the continued instability in international markets, felt most acutely in the emerging markets, this was a great transaction for NBE.

"We have seen continued interest in capital markets in Egypt and surrounding countries as investors look to diversify their portfolios and the pricing and size of the transaction reinforces the market commentary that there is demand for the right credit."

NBE, the oldest commercial bank in Egypt, is wholly state-owned.

The country issued its first overseas bond in dollars for nine years in April 2010 with a $1bn (£648m) 10-year bond and a $500m (£324m) 30-year bond.

The news comes after the Russian Government issued a $5.5bn (£3.6bn) bond in the same month, the state's first visit to the capital markets since the emerging market crisis of 1998.