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Practice Areas - Debt Capital Markets Law Firms and Lawyers

Deal Date: 14-02-2023 Practice Area: Debt Capital Markets
Deal Title: Emirates Islamic Issuance of AED Sukuk due 2026 Industry: Banks
Description:
Clifford Chance advised Emirates Islamic, a leading Islamic bank in the UAE and 99.9% owned by Emirates NBD Bank PJSC, on its issuance of AED 1 billion 5.050 per cent. sukuk due February 2026. In completing the transaction, Emirates Islamic became the first UAE Islamic financial institution to issue AED-denominated sukuk priced relative to the Federal Government’s Treasuries. The Sukuk were issued in accordance with Regulation S of the U.S. Securities Act of 1933, and were expected to be listed on Nasdaq Dubai.
Financial Center: Dubai Value: 500.01-1000.00
Advised Party: Issuer Law Firm
Issuer Jurisdiction UAE Listing Jurisdiction UAE
Classification: Islamic Finance Islamic Finance Bonds and Sukuk
Lawyer Stuart Ure