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Allen & Overy has advised the joint lead managers in connection with the Republic of Benin’s inaugural U.S. dollar bond offering pursuant to Reg S and Rule 144A

Allen & Overy has advised the joint lead managers in connection with the Republic of Benin’s inaugural U.S. dollar bond offering pursuant to Reg S and Rule 144A

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16 February 2024
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Billik Diana
Durham Jamie
Image of Samantha Grayman
Billik Diana
Diana Billik

Partner

Paris
Durham Jamie
Jamie Durham

Partner

London
Image of Samantha Grayman
Samantha Grayman

Associate

London
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Katherine Hu

Associate

London
Image of Linda Chausheva
Linda Chausheva

Associate

London
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Clemency Wells

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The issuance of USD750 million amortising notes due 2038 comprises three equal instalments of USD250 million and will be used for general budgetary purposes in accordance with the Issuer’s finance laws. 

This is the inaugural issuance of a dollar denominated bond by the Republic of Benin. Allen & Overy also advised on all of Benin’s past Euro bond issuances, in April 2019, January 2021 and July 2021.

The Allen & Overy team comprises partners Diana Billik and Jamie Durham, supported by associates Linda Chausheva, Samantha Grayman and Katherine Hu and trainee Leela Wignaraja. 

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