Jordanian flag, Credit: WikicommonsDechert Picks Up Another Billion-Dollar Bond Mandate in Middle East
It is the latest in a string of major bond issuances that the firm has led on.
July 15, 2020 at 06:17 AM
2 minute read
The original version of this story was published on Law.com International
Dechert is advising another Middle Eastern government on sovereign debt issuance, a month after assisting on deals for Bahrain and Egypt.
The is acting for the Hashemite Kingdom of Jordan on the issuance of its $500 million 4.95% notes due 2025 and $1.25 billion 5.85% notes due 2030. With no oil or other major natural resources, the government of Jordan is harder-pressed than Gulf neighbors to finance its operations.
Dechert last month completed two other sovereign transactions in the region, totaling $7 billion, acting on behalf of Bahrain and Egypt. In early 2017, it helped the Egyptian government raise $8 billion in bonds through both public and private placements.
The Dechert team advising Jordan included Patrick Lyons, partner on the firm's corporate and securities team in London, of counsel Camille Abousleiman, and associates Nick Quarrie and Amy Rees.
"The Kingdom's latest transaction further demonstrates the resilience of the capital market in the MENA region in the face of the twin shocks caused by COVID-19 and the low oil price environment. Dechert [enjoys] a long-standing partnership with Jordan and [has] brought this transaction to a successful completion," Lyons said.
"Dechert's international capital markets team [advises] on complex, innovative capital markets transactions in the emerging markets and is a leading practice in the representation of sovereigns from the MENA region," the firm said in a statement.
In 2012, Dechert was part of a consortium of law firms assisting Morocco in its first debt offering after the Arab Spring.
|Read More
Mayer Brown, Dechert and Fasken advise on $1.5bn Kingdom of Morocco bond issue
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
While Data Breaches May Lead to Years of Legal Battles, Cyberattacks Can be Prevented
4 minute read
The Growing PFAS Morass: Why Insurance Should Cover These Products Liability Claims
9 minute readLaw Firms Mentioned
Trending Stories
- 1Philadelphia Bar Association Executive Director Announces Retirement
- 2SEC Chair Gary Gensler to Resign on Trump's Inauguration Day
- 3How I Made Partner: 'Develop a Practice Area You Really Care About,' Says Jennifer A. Gniady of Stradley Ronon
- 4Indian Billionaire Gautam Adani Indicted in Brooklyn for Alleged Orchestration of $250 Million Bribery Plot
- 5St. Ivo: Patron Saint of Lawyers
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
