Post by A&O Shearman

OCP Group has completed a USD1.5 billion international hybrid issuance, marking a major milestone for both the issuer and the African capital markets. The offering, structured under Rule 144A / Reg S, comprised two series of perpetual subordinated notes listed on Euronext Dublin, with proceeds supporting OCP’s capital expenditure program and broader corporate objectives. The transaction breaks new ground in two ways: it is OCP Group’s inaugural international hybrid issuance and the first time an African corporate issuer has brought this type of instrument to the international capital markets. The team was led by partners Hicham Naciri, Sachin Davé, and Jamie Durham. #AOShearman