Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 11-12-2014 | Practice Area: | Debt Capital Markets |
| Deal Title: | Federal Democratic Republic of Ethiopia Debut Bond Issuance | Industry: | Public Sector |
| Description: |
Linklaters advised the joint lead managers and joint bookrunners on the debut sovereign bond issue by the Federal Democratic Republic of Ethiopia. Ethiopia has taken advantage of record demand for high yielding African debt to raise USD1 billion, the proceeds of which will be used to fund planned government capital expenditure in priority areas including industrial zone development and the development of the sugar and energy industries. The 10-year bonds were priced to yield 6.625 percent.
The Linklaters team was led by UK Capital Markets partner Richard O'Callaghan and US Capital Markets partner Cecil Quillen and included associates Rob Ludwig, Cate Dean and Burc Ozcelik.
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| Financial Center: | Dubai | Value: | 500.01-1000.00 |
| Advised Party: | Lead Manager | Law Firm | Linklaters |
| Issuer Jurisdiction | Ethiopia | Listing Jurisdiction | United Kingdom |
| Classification: |
Sovereign and Public Sector Bonds Sovereign Bonds |
Lawyer | Richard OCallaghan |
