Commentary & Deal Flow

Launched: 8yr: US$1bn @ 7.625% - Books > US$3.9bn excl JLM int
Guidance: 8yr: 7.625% area (+/- 0.125% WPIR) - Books > US$5bn (excl. JLM)
IPTs: 8yr: 8.000%a

• Issuer: The Arab Republic of Egypt
• Issuer LEI: 529900GFIVH4086NMH82
• Issuer Ratings: Caa1/B/B (Moody's/S&P/Fitch)
• Expected Issue Ratings: B/B (S&P/Fitch)
• Format: 144A/Reg S, Category 1
• Status: Senior Unsecured
• Currency: U.S.$
• Issue Size: U.S.$1bn
• Tenor: 8 years
• Maturity Date: 20-May-34
• Settlement Date: 20-May-26 (T+5)
• Pricing Date: 13-May-26
• Coupon: Fixed rate, semi-annual in arrear, up to and including the Maturity Date
• Listing: London Stock Exchange, Main Market
• Clearing: Rule 144A (DTC), Regulation S (Euroclear and Clearstream Luxembourg)
• Form of Notes: Unrestricted Global Certificate to be cleared through Euroclear and Clearstream, Luxembourg and Restricted Global Certificate(s) to be cleared through DTC
• Use of Proceeds: The net proceeds will be used to finance or re-finance one or more Eligible Social Projects (as defined in the Issuer’s Sovereign Sustainable Financing Framework)
• Governing Law: English law
• Denominations: U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof
• Documentation: Global Medium Term Note Programme’s Base Offering Circular dated 13-May-26
• B&D: Citi
• RegS ISIN / Common Code: XS3305218136 / 330521813
• 144A ISIN / CUSIP: US03846JAJ97 / 03846JAJ9
• Joint Lead Managers and Bookrunners: Citi, Crédit Agricole CIB, Deutsche Bank, HSBC
• Joint Sustainability Structuring Banks: Citi and HSBC
• Stabilisation: ICMA/FCA stabilisation applies
• Timing: Global books open, today’s business
• Books Subject: 15.00 UKT / 10AM EST
• DealRoadshow Information:
  https://dealroadshow.com/e/EGYPT
  Visit www.dealroadshow.com and enter the deal entry code: EGYPT