Slaughter and May advised the Central Bank of Egypt on a $2 billion syndicated repurchase transaction

Slaughter and May advised the Central Bank of Egypt on its $2 billion repurchase transaction with a consortium of international banks.

The consortium’s financing was provided against newly issued Arab Republic of Egypt dollar-denominated sovereign bonds, which are listed on the Irish Stock Exchange.

The transaction bolsters the liquidity and size of the international reserves of the Central Bank of Egypt.