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 | Clifford Chance |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | UAE |
| Classification: |
Islamic Finance Islamic Finance Bonds and Sukuk |
Lawyer | Stuart Ure |
