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Country-Plan Projects and Tenders |
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7070 Subject |
الهيئة العامة للبترول ودعوة للبنوك لادارة القرض والتمويل الخارجي EGPC - Egyptian General Petroleum Corporation inviting proposals from interested investment banks to manage and underwrite a placement of Debt Securities in the International Capital Markets with amount to be determined on a later stage |
| Date Published | Sunday, September 26, 2004 |
| Source Name | Al-Ahram |
| Location Name | Country Wide |
| Description | EGPC - Egyptian General Petroleum
Corporation invites proposals from interested investment banks to manage
and underwrite a placement of Debt Securities in the International
Capital Markets. EGPC intends to launch the Offering for an amount to be
determined at a later stage. The Purpose of the Offering is the funding
of general corporate requirements in addition to ongoing capital
expenditure. The Lead Manager is required to undertake the management of
the entire offering and to provide professional advice on all aspects of
the Offering. In assisting EGPC in preparing the Offering, the Lead
Manager is required to perform the following key tasks, including, but
not limited to, the following: 1) Manage, arrange and participate in all aspects of the Offering documentation's, including Indenture, security documents, note purchase agreement, offering memorandum and all other documentation. 2) Arrange and advise on financing, issue, size and market capacity of the Offering. Lead Manager will be required to advice on alternative financing beyond a straight debt offering. 3) Working closely with EGPC on all aspects of the rating process, including presentation and negotiation with Credit Rating Agencies. 4) Manage, arrange and participate in all aspects of marketing the offering, including organizing road shows, managing investor's relations and any other related activities. 5) Develop and manage, in close co-ordination with EGPC, an underwriting strategy and any activity necessary for the Issue to be successfully placed and distributed. In your proposal, please include the following: 1) A detailed description of the firm's experience in leading, underwriting, managing or co-managing International Debt Issues related to the oil and gas sector, with emphasis on national oil companies as well as overall financing experience. Additionally, you should provide league table on oil-backed financing in the Capital Markets. PI ease provide two examples for each category. 2) Details of the firm's commitment to Egypt and the Middle-East, including history, size of operations, any affiliations or representation in Egypt, key personnel, previous assignments and experience, including placement of capital markets offerings or any other transactions you may be currently working on. 3) The organizational structure and composition of your immediate Execution Team, with a description of professional qualifications, experience, knowledge and expertise for each member. Please highlight relevant experience of the Execution Team with oil-backed financing. Also indicate if any of the Team has Arabic working knowledge. 4) Analyse the need for Credit Rating. In the event a Credit Rating is advisable, provide a detailed description of your understanding of key credit rating considerations. Please recommend your firm's approach in order to address any key concerns/ issues. Please provide your analysis of the Issue's expected Credit Rating. 5) A review of the firm's marketing, syndication and placement strategy. 6) An analysis on "Credit Enhancement" if any. 7) Analysis on the Issue size, tenor, indicative pricing and rating. A list of your firm's expected fees to be included (underwriting, legal and any other related fees). 8) Please indicate if expected fees apply to a Straight or a Structured Offering, 9) A timetable (Transaction/ process action step). Completed proposals should not exceed 10 pages and should be submitted in a plain sealed envelope to the attention of Mr. Zaki Hanafy, Deputy Chairman for Financial Affairs, Egyptian General Petroleum Corporation (EGPC) Palestine Street (Section 4), New Maadi, Cairo, Egypt. We request that you submit your proposal by the close of business October 11,2004. Except by virtue of a court order or a competent authority, or where information ceases to be confidential, your entity, its subsidiaries, employees, legal advisors and any other external advisors should treat any information provided by EGPC for the purpose of this RFP as Highly Confidential. EGPC reserves the right, at its sole discretion, to reject any proposals, refuse to deliver further information, conclude conversations and negotiations with the offering party at any time prior to formalization of a firm mandate with it, terminate, delay or change the transaction without prior notice, with no justification and without any obligation to compensate or indemnify the offering party. Save when responding to EGPC's request for clarification, bidders shall not contact or discuss any aspect of their proposals with EGPC. Any such contact shall lead to disqualification. 'Website: http://www.egpc.com.eg |
| Sectors Section | Beneficiary Sectors - Petroleum - Oil, Gas & Petrochemicals Production - Economy Economy |
