For those who've had enough Turkey (see story p.19), the EEMEA region will soon offer fresh alternatives. Egyptian General Petroleum Corp. is prepping to join the future-flow big leagues, while Kazkommertsbank from Kazakhstan and Vneshtorgbank from Russia have awarded mandates for deals backed by diversified payment rights (DPRs), according to sources.

Egyptian General Petroleum was heard to be roadshowing last week a partly wrapped $1.55 billion deal backed by forward sales of crude oil and naphtha, making it one of the largest future flow deals ever. BNP Paribas, Merrill Lynch and Morgan Stanley are joint bookrunners, with Morgan also acting as global coordinator and structuring adviser, sources said.

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